Free trade is beset by embedded mercantilism...
Article Abstract:
The Bogor Declaration of the 1994 Asia-Pacific Economic Cooperation forum fostered an atmosphere of embedded mercantilism, an economy allowing political and business cartels within an open economy. The politics of embedded mercantilism is enabled by open regionalism, a policy in which trade benefits are given to all, whether by membership in the Asia-Pacific Economic Cooperation or by Most Favored Nation status. The crony capitalism of embedded mercantilism could not thrive because it was largely superficial, creating an economy that did little to support the larger economic infrastructure.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Explaining Asia's miserable trade surpluses
Article Abstract:
The trade surpluses in Asia denotes the economic difficulties in the region. They reflect the difficult adjustments of the region's economies. However, a downtrend in the surpluses will signal the economic recovery of the region. This can be attributed to the cyclical relationship of the economy and the current account. As such, the capital account directly influences the current account. Furthermore, the stability of some Asian currencies signify the end of capital outflow in Asia.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Alchemy in Asia: turning crisis into opportunity
Article Abstract:
Asia has increased foreign exchange reserves, recapitalized banking systems, reduced nonperforming loans, and has significantly lowered short-term debt since the country's economic crises of more then three years ago. Influencing International Monetary Fund policy, Asia's economic recovery has prompted the organization to peruse policies that will promote increased economic global stability.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Strategic customer management: designing a profitable future for your sales organization. Assessing the performance of strategic alliances: matching metrics to strategies
- Abstracts: Many steps toward zero inventory. End-of-life service: a case study. Operational research in practice: consultancy in industry revisited
- Abstracts: Antihistamines. Medicated cleansers and acne remedies. Consumer products: overview
- Abstracts: Earth heat is utilized for the heating of municipal houses in Borova Lada. The companies of the group Siemens in the Czech Republic
- Abstracts: Finance bill clause challenged by AILO Axa keeps Sun Life name for branding