A FTA AND A NEW ARCHITECTURE FOR THE GLOBAL ECONOMIC SYSTEM

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ABSTRACT With the rapid rise of China over the past three decades, a tri-polar world order, in which North America, Europe and East Asia play pivotal roles, has emerged in the global economy. The formation of NAFTA and the Europe Union has contributed significantly to the enhanced integration of North America and European Economies, respectively. However, such a deep FTA has not been formed in East Asia. Against this background, we propose a road map to promote the regional integration of East Asia in this paper. The first step of our roadmap is to establish a 9-economy FTA based on the ties of Huaxia Civilization, namely the “Huaxia Community.” Subsequent expansion in the breadth and depth of this regional FTA will result in the deep integration of East Asia and eventually of Asia. The final goal of this road map is to establish an optimal and stable global governance framework, which we call the “tri-polar global governance framework”. Keywords: Huaxia Community; Global Economic Governance; Tri-polar World Order
		PRESENTER Jiandong Ju Shanghai University of Finance and Economics
		RESEARCH FIELDS International Trade, International Finance, Industrial Organization
		DATE: 19 Oct 2016 (Wednesday)
		TIME: 4pm - 5.30pm
		VENUE: Meeting Room 5.1, Level 5 School of Economics Singapore Management University 90 Stamford Road Singapore 178903