The Rise of Regional Markets in East Asia A European Perspective

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The construction of regional markets has been at the heart of the European integration process since the end of World War Two. The first major step was taken in the 1960s with the establishment of a customs union which eliminated internal border tariffs and adopted a common regional external tariff. The next breakthrough came thirty years later when the old customs union was transformed into a common regional market. The internal market strategy of 1992 was based on major policy innovations designed to alleviate a wide range of non-tariff barriers (NTBs) that were behind the border. It also brought major institutional reforms that were essential trade facilitating measures without which the dynamic economic effects of the regional common market could not be achieved. ……

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  • 経済学雑誌

    経済学雑誌 112 (3), 115-130, 2011-12

    大阪市立大学経済学会

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