what role for peer review in fostering regional integration? - comments -
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What Role for Peer Review in Fostering Regional Integration? - Comments -. Ki Fukasaku OECD Development Centre. 1 st OECD - Southeast Asia Regional Forum Jakarta 23-24 January 2007. Questions to Consider in Session III. - PowerPoint PPT PresentationTRANSCRIPT
What Role for Peer Review in Fostering Regional
Integration?- Comments -
1st OECD - Southeast Asia
Regional Forum
Jakarta 23-24 January 2007
Ki FukasakuOECD Development Centre
2
Questions to Consider in Session III
What are the major challenges for regional integration in ASEAN?
Can Peer Review be useful for monitoring and advancing regional integration?
3
Recap
Globalisation and regionalisation: is East Asia special?
Need for coherent policies to integrate all ASEAN countries (esp. CLMV)
Enhance the capacity of reviewed countries to engage in peer review
Where to East Asian regionalism?
Why Peer Review? (Or why not other methods?)
4
Two Types of Regionalisation
Market-led Regionalisation, driven by higher-than-average economic growth and trade and FDI liberalisation both multilaterally and unilaterally [Lloyd 1992]
Institution-led Regionalisation, driven by the formation of RTAs and enhanced regional co-operation in areas other than trade
5
From Market-led to Institution-led Regionalisation in East Asia
East Asian and Pacific interdependence
East Asian currency and financial crisis
9/11 and security
Emergence of China and India
Promoting growth through reform
Slow progress in the WTO process
“WTO plus” issues
Increasing FTAs/EPAs in the ROW
6
Where to East Asian Regionalism?
APEC Bogor Declaration (1994) : free trade and investment in the APEC region by 2010 (developed members) and by 2020 (developing members)
Embracing FTAs in East Asia
FTA/EPA bandwagons (Japan, Korea, China)
7
East Asian “Noodle Bowl” of RTAs
Source: Drysdale (2006)
ASEAN
Indonesia
Thailand
Singapore
Philippines
Malaysia
CER
China Japan
Republic of Korea
Australia
Mexico
New Zealand
USA
Study group
Under negotiation
Agreement signed
In force
Taiwan Chile
Panama
8
Where to East Asian Regionalism
From Bilateral FTAs to an East Asian FTA [e.g. Cheong 2003; Urata & Kiyota 2003; Plummer & Wignaraja 2006]
ASEAN to write a charter and to create the free trade area by 2015
2nd East Asia Summit agreed to launch a Track Two study on a Comprehensive Economic Partnership in East Asia (CEPEA) among EAS participants.
9
East Asia’s Functional Co-operation at Different Levels
17 Co-operative Areas, including:
Trade and investment Money and finance Energy IT Intellectual Property Food Health Environment Disaster prevention Development
assistance
48 different groupings, including:
ASEAN ASEAN + 3 ASEAN + CER ASEAN + India ARF East Asia Summit APEC ASEM
10
ASEAN/East Asia: Cases for Regional Peer Review?
Scope
Participants
Ownership
Capacity building
Thank you for your attention!