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    Question 1: Suppose That There Are Two Countries, Thailand and Malaysia, and The Rest

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    Francis Puno
    The document discusses several questions about customs unions and strategic coupling between countries. It asks the reader to use graphs to illustrate the welfare effects of a customs union between Thailand and Malaysia on both countries. It also asks about examples of strategic coupling at the firm, industry and policy levels. Further questions discuss different types of flying geese paradigms and ask about transitions between good types. The final question asks about emerging trade issues exacerbated by the pandemic and how ASEAN integration could help countries adapt.

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    Question 1: Suppose That There Are Two Countries, Thailand and Malaysia, and The Rest

    Uploaded by

    Francis Puno
    9 views2 pages
    The document discusses several questions about customs unions and strategic coupling between countries. It asks the reader to use graphs to illustrate the welfare effects of a customs union between Thailand and Malaysia on both countries. It also asks about examples of strategic coupling at the firm, industry and policy levels. Further questions discuss different types of flying geese paradigms and ask about transitions between good types. The final question asks about emerging trade issues exacerbated by the pandemic and how ASEAN integration could help countries adapt.

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    The document discusses several questions about customs unions and strategic coupling between countries. It asks the reader to use graphs to illustrate the welfare effects of a customs union between Thailand and Malaysia on both countries. It also asks about examples of strategic coupling at the firm, industry and policy levels. Further questions discuss different types of flying geese paradigms and ask about transitions between good types. The final question asks about emerging trade issues exacerbated by the pandemic and how ASEAN integration could help countries adapt.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views2 pages

    Question 1: Suppose That There Are Two Countries, Thailand and Malaysia, and The Rest

    Uploaded by

    Francis Puno
    The document discusses several questions about customs unions and strategic coupling between countries. It asks the reader to use graphs to illustrate the welfare effects of a customs union between Thailand and Malaysia on both countries. It also asks about examples of strategic coupling at the firm, industry and policy levels. Further questions discuss different types of flying geese paradigms and ask about transitions between good types. The final question asks about emerging trade issues exacerbated by the pandemic and how ASEAN integration could help countries adapt.

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    © All Rights Reserved
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    Question 1: Suppose that there are two countries, Thailand and Malaysia, and the Rest

    of the World (ROW). Thailand and Malaysia are considering forming a Customs Union
    with each other. Thailand and Malaysia’s industries (especially the automotives
    industry) benefit from external economies of scale, while ROW produces and supplies
    at constant costs. Both Thailand and Malaysia’s cost curves are above import parity
    price, their domestic prices are equal to the cost of imports and tariffs, and neither
    country exports to each other prior to integration.
    Thailand, owing to its domestic policies and state of technology, can produce more
    efficiently than Malaysia. Prior to the Union, Thailand produces automotives
    domestically, while Malaysia imports it from the ROW.

    Given these details, use graphs to illustrate the Custom Union’s welfare effects on both
    Thailand and Malaysia by comparing the pre-Union and post-Union status quo. Make
    sure to distinguish between the different welfare effects, and the reasons behind them.
    Comprehensively explain the process, outcomes and implications.

    Question 2: Given the same assumptions in (Module 3a, Question 1a), suppose
    instead that both Thailand and Malaysia produced automotives prior to the Union. Prior
    to the Union, neither country exported to the other. Given these details, use graphs to
    illustrate the Custom Union’s welfare effects on both Thailand and Malaysia by
    comparing the pre-Union and post-Union status quo. Comprehensively explain the
    process, outcomes, and implications.

    Question 3: Strategic Coupling is defined by Yeung (2016) [1] as the “mutually


    dependent and constitutive process involving particular ties, shared interests, and
    cooperation between two or more groups of economic actors who otherwise might not
    act in tandem to achieve a common strategic objective”. Simply put, it is where
    economic agents who wish to participate in GPN’s make the necessary adjustments in
    their structures to “align” themselves with the lead firms, to make them more conducive
    hosts/recipients of FDI from the aforementioned lead firms. Given these definitions,
    select an industry and provide specific examples or initiatives that enable Strategic
    Coupling at the following levels:
    Firm-level (5 points)
    Industry-level (5 points)
    Policy-level/Country-level (5 points)

    Specific examples could involve corporate/firm policies, industrial policies, or even


    national laws
    enacted over the years within the ASEAN. No need for too much detail - concisely
    provide some context as to these examples and discuss why/how they fit as examples

    Question 4: First, briefly distinguish the First Flying Geese Paradigm (Intra-Industry)
    from the Second (Inter-Industry) and Third (International) Flying Geese Paradigm by
    comparing their key characteristics/assertions
    Second, comprehensively illustrate (using graphs) and explain the process of transition
    from Simple to Refined Goods covered by the First FGP paradigm.
    Last, briefly provide a possible example of the Third Flying Goose Paradigm within the
    ASEAN.

    Question 5: Identify one specific and emerging concern for international trade and
    regional integration that has been magnified by current events. This can include non-
    tariff barriers, issues of equity, trade wars, or industry 4.0, etc. which may have been
    caused or which may have been worsened by the global pandemic and the resulting
    global macroeconomic shocks. Briefly discuss what the issue is, and what it implies for
    the global trading system, especially the ASEAN countries. Lastly, discuss how ASEAN
    Regional Integration (and its guiding principles such as open-regionalism, etc.) could
    help the ASEAN Member States adapt to these upheavals

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