Characteristics and Problems of Asian Economic Cooperation

Abstract

Since the mid-1980s, the trend of regionalization and grouping of the world economy has continued to develop in depth and has become an irreversible force; the world free trade system established by the General Agreement on Tariffs and Trade has been threatened, and the non-discriminatory nature of its cornerstone has been threatened. ——The principle of most-favored-nation treatment will also exist in name only under the impact of integration. The crisis of the world free trade system has its profound reasons. The post-war world economic order, from the mid-1970s to the 1980s