REGIONAL INTEGRATION AND ECONOMIC GROWTH IN THE LONG RUN: A COMPARATIVE CASE STUDY OF VIETNAM AND MEXICO IN THE ASIA-PACIFIC REGION by ProQuest

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The decade of 1990s witnessed a great number of regional trade agreements in variousparts of the world that was called the "second wave of regionalism" or "new regionalism." The enlargement of the EU to countries from Central and Eastern Europe, the creation of NAFTA and AFTA illustrate this phenomenon. One of the most striking characteristic of new regionalism is economic integration between developed and developing countries to become much more credible in the eyes of foreign investors in the race to attract foreign direct investment, a key factor contributing to long-run economic growth. The experiences of the two countries Mexico linked to NAFTA and Vietnam integrated to ASEAN serves an interesting case of new regionalism. This paper compares and contrasts trade and FDI patterns of Mexico and Vietnam in the long run by the gravity model, and discusses issues that developing members Mexico and Vietnam have faced while involved in an asymmetric trade agreement. It will help Vietnamese policy makers to learn lessons from Mexico, member of NAFTA, with more than ten years of experience, as it provides a good example for Vietnam to handle both regional and global issues. [PUBLICATION ABSTRACT]

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      REGIONAL INTEGRATION AND ECONOMIC
    GROWTH IN THE LONG RUN: A COMPARATIVE
    CASE STUDY OF VIETNAM AND MEXICO IN THE
              ASIA-PACIFIC REGION
        Thi Lan Huong Bui, University of Economics of HoChiMinh City

                                          ABSTRACT

        The decade of 1990s witnessed a great number of regional trade agreements in various parts
of the world that was called the “second wave of regionalism” or “new regionalism.” The
enlargement of the EU to countries from Central and Eastern Europe, the creation of NAFTA and
AFTA illustrate this phenomenon. One of the most striking ch
								
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