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Singapore and the New Regionalism: Bilateral Trade Linkages with Japan and the US
Author(s) -
Rajan Ramkishen S.,
Sen Rahul,
Siregar Reza
Publication year - 2003
Publication title -
world economy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.594
H-Index - 68
eISSN - 1467-9701
pISSN - 0378-5920
DOI - 10.1046/j.1467-9701.2003.575.x
Subject(s) - regionalism (politics) , economics , international trade , international economics , free trade , economic integration , international free trade agreement , political science , politics , law , democracy
Free Trade Areas (FTAs) have recently become an integral part of Singapore trade policy. This paper discusses the reasons behind Singapore's recent embracement of ‘new regionalism’ with particular reference to the proposals to form FTAs with Japan and the US. The paper goes on to examine various aspects of Singapore's trade linkages with the two economic superpowers in some detail. Popular discussion of FTAs gives one the appearance that such a trade policy is entirely benign. The paper sounds a cautionary note, highlighting some reasons to be concerned with Singapore's recent embracement of the ‘new regionalism’.