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The Impact of EC Market Integration and East European Liberalization on Asia‑Pacific

Economies

著者 OSABE Shigeyasu

出版者 Institute of Comparative Economic Studies, Hosei University

journal or

publication title

Journal of International Economic Studies

volume 5

page range 79‑95

year 1991‑03

URL http://doi.org/10.15002/00002088

(2)

JoumaIoflntemationHuIEconomicStudics(1991)No.5.79-95 d

.l991ThclnstitutcofComparativcEconomicStudics,HoseiUniversity

THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEAN LIBERAUlZZATIONONASIA-PACIFICECONOMIES

ShigeyasuOSABE

Pm/bssor,FtzcM〕'0/ECO"omics,HoseiU"んe応jly,TbAyo

I,SimultauBeousOccurranceofHistoricalTransfOrmatiolns

TheoverthrowofsocialisminEastEuropeancountriessincethesecondhaIfof l989hasputanendtotheColdWarera・Withthebeginningofl990,thedivision ofGennanywhichhadsupportedtheoIdpostwarorderabruptlydisappearedanda

"GreaterGennany,,cametobeonthe3rdofOctober,1990.ThePost-ColdWar age(thedisintegrationoftheSovietEmpire)andthePost-PostWarperiod(the constructionofanewEuropeanorder)areunfoldingsimuItaneouslyi、Europe,

whereWestEuropeancountriesareengagedinastruggleoverthecomingEEC marketintegrationinl992・InlessthanlOyears,Europecouldbecomethenew centeroftheworld;acenterwherethreehistorictransformationsareproceeding simulta、eously

ThestructuralfactorwhichhasbroughtaboutthesesimultaneoustransfOrma- tionsinEuropeisultimatelyduetoanenormousmetamorphosisofcapitalism undergoneinthel980s、Relativeeconomicimportancehasbeendrasticallyshifted fromheavyandtraditionalindustrialsectorssuchastheironandsteelindustryor shipbuildingtolight,high-technologicalindustriessuchasmicroelectronicsor biotechnology・Atthesametime,thefinancialandinformationindustriessuchas independentresearchandconsultingfirmsandsoftwarecompaniesarealso expandingrapidly、Fromtheproductionprocesstothestageofconsumption,

passingthroughvariousdistributionnetworks,semiconductors,computersand telecommunicationsystemsarebeingwidelyintroduced.BefOremakingadecision onanoutputschedule,fOrexample,producersareforcedtocollectdetailed infOrmationonconsumers,demandfOrnewgoods・OnceconsumptionfOIlowed production;nowtheformercommandsthelatter・InfOrmationprocessingisnot limitedtoindustrialsectors,butalsopenetrateseverynookandcomerofsociety So-called“valueaddedcommunicationnetworks,,areradicallychangingthe behaviourofpeople

Theeconomyhasbeen“softened,,orbecome“serviceoriented,,andthesociety widely“informationized,,or‘`infOnnationoriented,,、Todescribethisphe- nomenon,theJapaneseFinanceMinistryadvocatedanewEnglishterm

"softnomics”asearlyasl9831).Themetamorphosisto“softnomics,,is,inbrief,the

resultofthc“MicroelectronicRevolution,,、Consumersinanaffluentsociety diversifyanddifferentiatetheirneedssostronglythatsuppliersarefOrcedto

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manufactureawiderangeofproductsinrelativelysmalllotsizes・Butartisan productionmethodsortraditionalsmaIl-scaleproductionmethodscannotcompete withthesenewdemands;itbecomesnecessarytointroducea“quickresponse system,,ormoreflexiblemodeofmanufacturing,inwhichaplantcanshiftin

minutesfromtheproductionofonemodeltoanother2).Theessentialpointof

"softnomics,,istointroducehighlydifferentiatedtechnologyontheexistingbaseof mass-productionlnordertomeetkeeninternationalcompetition,largecapital investmentsandintensiveresearchanddevelopmentarerequiredonacontmual

basis・

Thestandard-bearerofthe“MicroelectromcRevolution,,wasJapan,whichhas notonlydeveloped“flexiblemanufacturing,,butalsoexportedwidelythe“Kanban cardsystem,,orjust-in-timeproductionsystemwhichdependsheavilyon infOnnationprocessingDuringthel980s,developingcountrieshadseena deteriorationinlivingstandards、Forexample,percapitaincomeinLatinAmerica haddecreasedbyl0%andinSouthemAfricaby25%overthedecade、Thel980s couldbecalledthe“missingdecade,,、OnlytheEastAsiandevelopingcountries exhibitedexceptionalgrowthAsitisclearlyshownbythedifferentgrowthratesof intemationaltradebetweenmainregions(Tablel),presentlythemostdynanmc

TableLGeographicalDistributiouuofWorIdTrade

share(%)growth「ate(%)

198019881980~1988

形%%形形61016852138706 111 ’一一

15573011053659 ●●●●の●●●●●●●●●76646444456420 48854245102880 ■●●p●●●□●●●●巳●10977543332111 31

lntra-WcstEurope

Asia-Pacific-NorthAmenca Intra-Asia-Pacific

Asia-Pacific-WEurope N・America-QWEurope

lntra-N・America

lntra-SovietUnion&E・Europe N・America-C,&SAmcrica W・Europe-S.U、&EEurope W,Europe-Africa

W・Europe-MiddIcEast

Asia-Pacific-MiddlcEast

W・Europe-C.&SAmcrica Asia-Pacific-SU.&BEumpe Source:化施Se砥or,ScpL199O,p、45,

growthpoleintheworldistobefOundintheAsia-PacificreglonwhereJapanhas stimulatedduringthisdecadeitsrapidindustrializationJapanhasexportedlabour intensivemanufacturmgtoAsiandevelopingcountriesandatthesametime

Ⅱnportedconsiderablylargeamountsoftheirmanufacturedgoodsaswellasfoods andrawmaterials・AcrossthePacificbasin,Japan,theUnited-States,Canada,the

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THEIMpACrOFEcMARKETINTEORATIoNANDEAsTEURoPEANLIBERALIzATIoNONASIA-PACIFFIC ECONOMIES

NIESandASEANcountriesaswelIasAustraliaandNewZealandareboth

fUriouslycompetingwitheachotheraswellasengaginginextensivecoOperationin manyareassuchasmanufacmrings,marketings,financialtransactions,and researchanddevelopment.

“Esprit,,,theEuropeanStrategicProgramforResearchandDevelopmentmthe lnfOnnationlndustry,wasformulatedinl984bytheCommissionoftheEECasa

ratherdesperateresponsetothisAsianchaUenge3).ThisisthefirstEuropean

projectfOrcooperativeresearchamongthelargercorporationsintheinfOrmation industry、TheaimistocatchupwithJapanandtheUS.,andmoreovertorestore

toEuropeacompetitiveedge・Moreimportantly,intennofa``catchupstrategy,,,

theSmgleEuropeanActwasconcludedinl986amongthemembercountries・This actpromisesthefUllintegrationofEECmemberstates'marketsbefOretheendof

l992・Thishistoricalexperimentinmarketmtegrationgavetheappearanceofan offensiveposturcviWi-WSthewideIyperceivedAsianchallenge4).

Ontheotherhand,theoverthrowofsocialismisalso,inessence,duetothe

“MicroelectronicRevolution,,、Duringthel970s,socialistcountriescouldnarrowly indulgeintheiIlusionthat`socialismcancatchupwithcapitalismandexceedit,,

partlythankstothetwooilcrisesduringwhichtheSovietUnionprofitedfromthe rapidincreaseofpetroleumpnces,whiletheWesterndevelopedcountriessuffered severelyfrom“stagHation,,bythissamepriceescalation・Butinthel980s,sociaIist countriescouIdnotpreventbreakingdownwhenconfrontedwiththeoverpowenng pushfrom“SoftnomiCs,,、Citizenswereshockedtodiscoverthroughvariousmedia suchasTVs,VCRs,orundergroundpublications,thestrikmgcontrastsbetween thewealthyandliberallifeintheWesta、dtheirownmiserableandsuffOcati、g one・Asthemoststrikingexample,thenewlycreated“GreaterGermany,,was broughtintobeingbytheEastGermanCitizens,eagemessforlibertyandwealth・

Peopleabandonedatlasttheirmiserablebarracks-likestateandpressedfOrthe rapidannexationofEastGermanytoWestGermany

Thestructuralfactorwhichengenderedthesimultaneousoccurrenceofthese

threehistoricaltransfOrmations;theoverthrowofsocialism,thebirthofthe GreaterGermanyandmarketintegrationinl992,is,therefOre,themetamorphosis ofcapitaIisminthel980s,thatis,``softnomics,,producedbythe“Microelectronic Revolution"・ItmaybesaidwithoutmuchexaggerationthattheAsia-Pacific region,especiallyJapan,wasprimarilyresponsiblefOrthesehistoricchangesin

Europe・Itistrulytheendofanage.

11,“1192,,aBDdtheNewRoleofECinEurope

Apartfromthestructuralfactormentionedearlier,itisGorbachevwhopulled thetriggeronEastEuropeansociaIismandconsequentlypromptedthebirthof

GreaterGermany・Abandoningtheso-called“BrezhnevDoctrine,,whichdenies

anysocialistcountryfUllsovereignty,headoptedahJjSsezソ2JjrepolicyfOrEast Europe・ThispolicychangecamepartlybecauseGorbachev,onfacingthethreatof bankruptcyfOrhisprogramofpe花smjAUz,wasobIigedtoslashmilitary expenditureandtoinviteaninflowofwestemcapitalandtechnology・Thechange

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camealsobecauseofGorbachev,sstronglyEuropeanorientedcharacter・He dreadfullyanxiouslesttheSovietUnionshouldbeleftbehindinthepost“1992,, Europeandynamismwhichisexpectedwitheverincreasingconfidence・Itcanbe saidwithoutmuchexaggerationthat“1992,,hasputanendtotheColdWareraand thePostWarperiod

Untilthemidl980s,Europe,comparedwiththeUS、andJapan,hadbeen characterizedbybeingcaughtin“Euro-pessimism,,;especiallyafterthesecondoil crisisinl979Unemploymentrateshadheldfastatveryhighlevels,growthrates hadremainedslow,andintemationalcompetitivenesshadcontinuedtodecIine Butsincethen,theEEChadengagedinrestructuringtheEuropeaneconomy throughprofOundrefOnnsofindustriaIrelationsandtheadoptionofmarket orientedpolicies・Now,,Euro-pessimism,,hastumedinto“Euro-dynamism,,、

Atthesametime,“1992,,asatargetfOrfinaIunificationwasagreeduponin l986・ButexternalcountriesliketheU・SandJapanconsidereditatfirstasa fantasticideawhichwasnotUkelytoberealizedEvenattheEECsummiton RhodesinDecemberl987,onecouldnotmakeconfidentprojectionsfOrsuccessin

"1992,,becauseoftheobviouslysevereconHictofmterestsamongthemember states・ThiswastrulythegloomiestChristmasc〃roLJ妃toEuropeanintegratiom ButatanextraordinarysummithastilyheldinBrusselsinFebruaryl988,therewas anarrowagreementastothemostimportantstructuralreforms:abroadreduction

inagriculturalexpenditures,theexpansionofregionaldevelopmentfUndsandthe

increaseinrevenueceilingofcommunitybudget・Smcethen,thedreamof“1992,, hassuddenlycomereaLAsaresultofthegovemmentalagreements,the environmentforbusinesshaschangedIntenseM&Aactivityandcooperative technicalandfinancialtie-upsarenowspreadingacrossbordersamongEuropean bigbusinessesespeciallyinGermanyandFrance・Nationalchampionsarebeing selectedandoligopolisticindustrialstructuresarenowbeingpromoted

NotonlytheUS・orJapanbutalsoAsiancountrieslikeMalaysiaorSingapore areissuingwamingsagainsta‘`FortressEurope,,whichcouldpreventextemal countriesfromreachingtheEECmarket・AmericanandJapanesecorporationsare tryingframicallytoobtainafootinginEuropebeforel992・ExtemalasweUas intemalbigenterprisesaremakingadashfortheintensiveM&Arace・

Theeffectofmarketintegrationhasbeenanalysedbyvariousresearchers・

Amongothers,theCeccAj"jReporj,initiatedbytheEECCommission,givesavery optimisticpredictionthateconomiesofscaleresultingfrommarketintegrationwill raiseEuropeanGDPby4.25-6.5%inthemediumterm,andifmembercountries adoptdesirableeconomicpoliciesalongwiththcmarketintegrationpTogram,they willreceiveadditionalmacroeconomiceffectswithtotalGDPincreasingbya further7%5).ButotherestimatesgivemorepessimisticresultswithinternalGDP riSingby3.2-5.7%whilethemedium-termimprovementintheexternalbalance

wouldbeonly1%6).RemfOrcingthislastpoint,anotherstudyattemptstoestimate

theimpactoftheEECmarketintegrationontherestoftheworld,suggestingthat thepolicywouldproduceareductioninthegrowthratefortherestoftheworldby 0.73%7).nliswouldbecausedbyatradediversioneffectontheEECimportsora shiftofimportsfromextemalcountriestootherEECmembercountries・Inthis case,accordingtoothercalculations,considerabledeclineinextra-EECimports willbeseenforofficemachinery(66-68%),motorvehicles(41~64%),artificial

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THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANLIBERAIJzATIONONAS1A-PACIFFIC ECONOMIES

fibres(48-58%),fOotwear(25~35%),carpets(20~24%),andelectrical

householdappliances(24%)8).Withtheseanalysis,concemsover“Fbrtress Europe,,expressedbyextemaIcountriesareeasilyunderstoodnottobesimply

sentimentalreactionstotheunknown.

InthefieldoftextUesandgannents,theEECalreadyhasbilateralagreements with26textUeexportingcountriesundertheMFA(MultifibrcArrangement).

MultUateralnegotiationsbetweenexportingandimportingcountrieslimitthe annualgrowthrateoftextileimportstotheEECmarket,whilebilateral arrangementsimpoSc“regionalshares,,orexportquotasfromeachexporting countrytoeachimportingnation・Gennanytakesthelargestregionalshare,25%,

fOllowedby21%fortheU.K、,16.5%fOrFranceand13.5%fOrItalyinl9879).

InadditiontothefOnnalmulticountryarrangements,aclauseoftheTreatyof Rome(Articlell5)canbeusedtopreventimportsfromanextemalcountry、1,

1988,DenmarkandWestGermanymadenouseofthisclause,butsevencountries

madelimiteduseofit;theBeneluxcountriesuseditagainstshirtsfromHongKong

andTaiwan;PortugalagainstmotorcyclesfromJapan;andGreeceandtheU.K、

againstdollar-zonebananas・Fourcountrieshavemadeconsiderableuseofthis

clause:Franceuseditin52casesincludingcolourTVsetsfromJapanandSouth

Korea;shirtsfromChina,HongKongandSriLanka;Irelandhasuseditin33

cases;Italyin20cases;andSpaininl7cases・Fordevelopingcountries,almostall

ofthetargetsoftheEuropeanimportrestrictionareconcentratedonnon-MFA

textilegoodssuchasshirts,underwear,gloves,sweaters,andparkas,butforJapan

andNIEScountries,theyaredirectedagainstmanufacturedgoodssuchasTVs,car radios,VCRs,sewingmachines,ballbearings,andmotorvehicles・

ThesecondtermoftheJacquesDlors,CommissionstartedinJanuaryl989and hasattachedconsiderableimportancetoadvocatingfreetrade・ButAsian developingcountriescannotstillfearsofbeingshutoutfromtheenlargedmarket becausethe“FortressEurope”could,theybelieve,easilybecomeviabIe altemativewhenevercircumstancesrequireit・TherealquestioniswouldtheEEC becomemoreprotectionist?Thismaydepend,fOrthetimebeing,uponthree factors;thefUtureprospectsfOrintemationalbusinessfluctuations,thedegreeof unity,actuallyachieved,after“1992”amongmemberstates,andfinallytheextent ofrestructuringofEuropeanindustry1o).

ThelastfactoristhemostuncertainSinceEastEuropeancountrishavestarted tomakeasplendidcomebacktomaintainingmarketeconomies,theEECisgoing

tobechargedwiththetaskofsupportingthishistoricretum・AttheArchSummit heldinParisinJulyl989,theEECwasappointedasthecoordinatoroffinancial

assistancefbrPolandandHungarythatwiIIbeprovidedby24developedcoulutries・

ItisthefirsttimcthattheEECwasassumcdapoliticalroleontheinternational

stage;befOrethisitscharacterhadbeenlimitedtothepurelyeconomic・Worsestill,

withthefailureofperestroMEaan。theoutburstofnationalistconHicts,acrisis surroundingthedisintegrationofthe“SovietEmpire,,appearsimminent、TheEEC whichislocatedclosebytheSovietUnionwillbeobligedtopromptlyorganize

financialaidfOritinordertoavoidpossiblecalamities11〕.

Consideringtheseproblems,itisveryurgenttobringaboutanewEuropean ordertofaccuptothisPost-PostWarorPost-ColdWarperiod,ThemostfCasiblc

picturefOrthisnewordermustbemodeloftwosetsofconcentriccircIeswiththe

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economyasthefirstsetandpoliticsasthesecondset・Concemingtheeconomy,the EECwitha340miUionpopulation,incIudingthatofformerEastGermany,will fOrmthecoresupportingthreeoutercircles・ThefirstinnercircleiscalledtheEEA (EuropeanEconomicArea)whichcomprisesacommonmarketwiththefree exchangeofgoods,money,labour,andservicesbetweentheEECandthe6-nation EFTAwitha30millionpopulationThemiddlecirclewillbeprovidedbyatreaty ofassociationbetweentheEECandEastEuropeancountrieswithl40million

peoplcItisexpectedthatsomeofthelatterwouldbeacceptedasmember

countriesoftheEECinthefuture・Finally,theoutercirclewouldbeestablished withtheSovietUnionthroughtechnicalandfinancialaid・Atthelastsummitin HoustoninJuly,1990,EECmemberstatealreadyproposed$150biIlionaidOne ofthemostimportantinstitutionsfOrtbisPost-ColdWarordercouldbethe

EuropeanBankfOrReconstructionandDevelopmentwhichistostartoperationin

LondoninnextApril・ThisbankwillberesponsibleprincipallyfOrundertaking investmentinsurancefortheEastEuropeanregionandtheSovietUniontoassure

acreditlinefromWestemprivatefinancialinstitutions12).

Concemingthesecondsetofconcentriccirclesforpoliticsandsecurityconcems,

withNATOandtheWarsawPactlosingtheirmjso〃。'α"rethefOrmationofanew

Europeanorderbecomesveryurgent;butitisnotyetsoclearIydefined,compared

withtheneweconomicorderdiscussedabove・Accordingtopositionsscheduledby

FranGoisMitterandandfolIowingthisbyJacquesDlors,inearlyl990,anew Europeanpoliticalorderisvaguelyemergingasfollows:theEECandtheEFTA

countrieswillfOrmtheEuropeanFederationwhichisencircledbytheEuropean ConfederationmadeupofallcountriesinEurope、Thelattercanbeconsidered

almostthesameastheEuropeanCommonHousealreadyproposedbyGorbachev、

Forthetimebeing,CSCE(ConferencconSecurityandCooperationinEurope)

whichencompasses34countries,incIudingtheUS・andCanada,wouldprovidea sortofmilitaryforumbetweentheNATOandWarsawPactmembercountries、

Inaddition,theEEC,whichhadbeenmovingtoenlargeitsfUnctionsfromthe

purelyeconomicbyincIudingpolitics,could,inthelongrun,assumecollective

defenseinsteadof,orasasupplementto,thcNATO、ThusthenewEuropean

politicalandsecurityorderwillbehaveastructureofconcentriccirclesmadeupof

theEuropeanFederationasinnercircleandtheEuropeanConfederationasouter circlewiththeoriginalEECasthecore・

ThefOrmationofaGrcaterEuropewiIlnotbesoeasyintheshortrun・Because

inEastEuropeancountries,thereexistmanydifficultproblemstoberesolvedsuch

aspoorinfrastructure,outdatedproductiveequipment,outrageousenvironmental

pollution,and,abovealLstate-controloricntedmentalityamongeconomicagents・

TheconditionsfOrsuccessinintegratingtheWcstandtheEastwouldprimarily

dcpendontheprogressofEastEuropeanreforms,thedevelopmentofastrategy byWestEuropeanenterprisesfOrdealingwithEastEuropeanfirms,andthelevel

ofWestEuropeanzealfOrdevelopmentassistance、Atanyrate,thebirthofa GreaterEuropecouldreawakenhistoricalframesofreferenceandcreateasenseof

Euro-centralismamongEuropeansl3).ThecountriesoftheMaghreb,blackAfrica

andtheMiddleEastfearmoreandmorelesttheyshouldsufferfromthe devastatingeffCctsofaninwardlookingEuropeincommerce,investment,and

especiallyaidAsiandevelopingcountriescannotescapefromthisfear.

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THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANL1HERALIZATIONONASIA-PACIFFIC ECONOMIES

ⅡH,AsianConcernsover“1992,,

When“1992,,comestrue,itwillfOllowtheoverthrowofsocialismandthebirth

ofGreaterGermany、Facingrapidchanges,Asianpohticalleadershaveexpressed

thefearthata“FortressEurope,,wouldresultfromthesechanges,andtheoutflow

ofcapitalmvestmentandgrantsfromdevelopedcountriestodevelopingcountries,

especiallytoAsiancountries,woulddeteriorateLastMay,SingaporePrime

MinisterLeeKuanYewmadeatourofEuropeancountries,France,theU.K・and

WestGennany,andappealedtowesternfirmstocontinueinvestinginAsia、Atthe

"SouthSummitConference-G15,,heldinKualaLumpurlastJune,theMalaysian

PrimeMinister,Dr・MahathirMohamad,speakingasthevoiceoftheThirdWorld countries,wameddevelopedcountriesnottoshifttheircapitalmvestmentand

aidesfromtheSouthtoEastEurope14).

AccordingtotheBankfOrlnternationalSettlements,thisprocesshasalready started(Table2).Sincel988,EastEuropeancountrieshavebecomethemain

Table2.BorrowilbgfmmBISReportingBanks

】P卜

Sou頤e:BjSA""lmlR叩○㎡1990,P、132.

groupofborrowers,with,in1989,theSovietUnion($7.1billion),theGerman DemocraticRepublic($12billion),Bulgaria($0.8billion),andCzechoslovakia($

7.1billion)astheprincipalborrowersofnewfUnds、Onthecontrary,Latin Americanborrowingfromwesternbankscontractedsharply,largelyasaresultof

debtconversionoperations・Thustheflowofintemationalfinancehasbecome

increasinglypolarizedbetweenEastEuropeancountriesinexpansionandLatin Americancountriesindecline・AsiancountrieshavemaintainedbasicaIlythesame position,withsomecountriesshowingaslightreduction(mostlyChinaand

Taiwan)andothersshowingaslightadditionofnewdrediL

AsfOrtraderelationsbetweenAsiancountriesandtheEEC,theJapanese

marketshareoftotalEECexportsinl989was5、2%,fOrtheNIESitwas5、4%and

fortheASEANcountries(exceptSingapore)itwas2.0%・Witbrespccttoimports,

Japantook10.5%,theNIES6.596andtheASEAN2、5%・ThetotalshareofEaSt

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changes,excludingexchangerateeffCcts

1982 1983 1984 1985 1”6 1987 1988 1989

StockS atend-

1989 inbilUonsofUSdoⅡams

06281621774

●●●、巴□■●●●●

6489200J1J9

1’

1’一一 7192800300羽

●●□●●B■■■●の 21863甲5J635 ’一 一1 50295J0イ002 sの●●、■◆●□■● 21183勺82Iイ8

3720796893l 私a0LL401004 一|’I 2751570J284 弧a0aLa仏2004 一一’1 42213イ850J0 ●●●●●●の●の■● 73099835679 一可 一’一一 90591278775 28a8几ZLLua弘 刊イ|| ’’一 3947500J1J1 251726567イ0 ●●◆●▲B■●●⑤● 羽wm銃迦塑巧釘巫〃F

1606066J133

Non-にportilDgdevelopedcotmlTies EastemEu”PC

OPEC

Non-OPECLDCs q/Mbich:“U2'7Ame'7m

CソbiJUq nziwa〃

01ノie「八s、

八mと口 MdヒルEnst Totalbo面owing

(9)

TYHbIe3・EastAsianShareinExtra-EECTrade

(%)

塗iill典jlTTmTIi

Import

19851986198719881989 100100100100100

6.49.410.511.010.5

4.76.86.36.96.5

1.82.22.32.42.5 ExtTa-EEC

Japan NIES*

ASEAN

total

Source:OECD,MolzrノMySmrjS"cFQ/Fb花jgluTm“

Note:*Thailand,Malaysia,Indonesia,andthcPhiIippines・

Asiancontrieswas12.6%fOrEECexports,and19.596forEECimports(TabIe3).

AnumberoffactorssuggestthatthereexistsconsiderablevulnerabilityinAsian‐

Europcantraderelations・First,theimportanceoftheAsianregioninEECtrade

remainslimitedandthatofJapanoccupiesabouthalfSecond,forAsia-EEC trade,thereisseriousimbalancebetweenimportsandexports,theformerbeing twotimesaslargeasthelatterinl988Third,themajoritemsofexportfromAsia toEuropehavechangeddrasticallyduringlastdecadefromfOodsandraw materials(rice,manioc,timber,orrubber)tomanufacturedgoods(textiles,

clothing,eIectricandeIectronicproductsorvehicles),withtheimportanceof

manufacturedproductsincreasingrapidlyfrom29%oftotalAsia-EECexportsin l980to53%in1988.ThistrendcouldpresumablybeexpandedThetradetiesare notonlythininquantity,butalsochangingsorapidlyinkind;furiouscomplaints areboundtobearousedamongtheEECnations.

Table4.FbreginDirectlnvestmentfbrtheASCANCountries(localcurrenCy)

T、幻50,m。

(Bahtmio)

19861”7

Phnippi頤s Ohousamdpcsos)

19871968,997.

Singapoに

(S$mio)

198619町 Malaysia

(M$mio)

19861987 Indouue罰a

(Rupiahmioy 1g861妬W

nov・’987●

1,189.61,448.0西,211.2輿,400 492.8601.1U4,421.023コ48 443.4543.5904.35,025 204.8241.06,9006oo6o90U6oo

-3,4Z7.3酉,775.3 58.1230.1591.34,141.5 17.16L374q00,724.3 五コ且63.1481.64,416.7 800.717,640.6

324.65,458.9 128.41,021.9 161.62,242.4 loOal

JaPan US.

EEC

14.017.117.216.7刀.4..12.7..

EECSharcs(兜)20.212.7

Some:EEOASEAN唾latioIus,intheCommissicnofEC,Elumpehq/bmqLiD",no、虹,1982.

Notes:CcmTUunIndvc

●OEEC+EFTA

APrfllD88:lUS$=1948,Z1IndRupiahlUS$=1,g951Singapoに$

lUSS=2,5745M811$1US$=25,210Baht lUS$=21902”PhiI・pcsos

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THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANLIBERALIZATIONONASIA-PACIFIIC ECONOMIES

EuropeancapitalinvestmentinSouthEastAsiahasincreasedduringthel980s、

1,1987,EuropeaninvestmentsrankedsecondafterJapaninlndonesia,Malaysia,

ThailandandthirdafterJapanandtheU・SinthePhilippinesandSingapore (Table4)EuropeancountricspIaytheroleofmajorinvestorsinSouthEastAsia,

buttheinvestmentsarelargelybasedonvulnerabletraderelationsmentioned above・ThatisoneofthereasonswhySouthEastAsiancountriesareconcemed abouttheshiftfromAsiatoEastEuropeincapitalinvestmentandaid、

IntheASEANcountries,perhapsthelargestfearsarecausedbytheunification ofGermanyandconsequentlythebirthofaGreaterEurope,inwhichWest EuropeancountrieswillshifttheirtradeandcapitalinvestmentfromAsiatoEast Europe.’、particular,GreaterGermanywillprobablyhavetofOcusmoreand

moreitsenergytowardstheEast、First,aftertheunification,thefinancialcharge fOrreconstructionoffOrmerEastGermanyiscontinuingtoexpandrapidly,forthe

conditionofitsinfrastructuresandproductiveequipmentisrevealedtobeworse

thanexpected、GreaterGermanyisfOrcedtoconcentrateitseffOrtsonthislong andseveretaskofrebuildingSecond,thereistheimpactonMiddIeEuropean countrieswhichonceformedtheAustro-HungaryEmpireandwascomprisedof

multiplelanguages,culturesandreligions・Afterthedestructionofthe“Iron

Curtain",areinvigorationofthetraditiona1M蛇/eHmpα(MiddleEurope)inthis regionbecomesfcasiblcThird,fOrmerEastGermany,accordingtoan

arrangementoftheCOMECON,hadsuppliedtotheSovietUnion4096eachof thatnation,sdemandfOrmedicalequipment,agriculturalinstruments,and chemicals;athirdoftotaldemandfOrgarments,andaconsiderableshareof militaryequipmentuses・GreaterGermanyhastotakeoverthesedutiesand

consequentlywilltoweraboveaIIotherWestEuropeancountriesastradepartner

andinvestorintheSovietUnion

WhentheUnitedKingdomhadenteredintotheEECinl973,WestGennany

andFrancefilledthevacuumcreatedbytheBritishtradeshiftfromAsiatothe

EEC・MakingacompansonoftheASEANcountries,exportdestinationsbetween

l960andl988,theU.K・fellfromitsoverwhelmingpositionat48%toaaImost

half,at25%・Onthecontrary,WestGermanyexpandeditssharebyl0%points from23%to32%andFranceincreasedby8%pointsfrom5%to13%(Table5).

ThisdrasticchangereflectsprincipallyBritishentrancetotheEECand,atthe sametime,rapiddeteriorationofitshomeeconomicintensity・Ifthebirthof GreaterGermanybringsaboutconsiderabletradeandcapitalinvestmentshifts fromAsiatoEurope,canwefindanycountrywhichwiIIactasWestGermanyor

Francedidinl970s?

Concemingthisissue,onebilateralsetoftiesshouldbementioned:Francehas

begunrecentlytostrengthcnhcrrclationshipswithVietnamandbigbankslikethe

Soci6teGen6raleortheBanquelndo-SuezopenedrepresentativeofficesinHanoi

andHoChiMihnCitywhichwiIIprovideanimportantmeanstoimprovethe investmentconditionsinVietnamlnaddition,theFrenchgovernmentdecidedto resumeofficialloansafteraneightyearintelTuptionandthelMFwillbegintooffer

financialsources15).TheU.S、isalsochangingitsattitudevな-'一vjSVietnam,taking

intoaccounttheimprovementofAmerican-Sovietrelations・Thuspeacemovesin

lndo-Chinaarenowbeginningtohavesomeimpact,butitwilltakemuchmore

timetobearfruitintheeconomicfield

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Table5.DistributionofEEC-ASEANTmdebyEuropeanCOunhy

EECexporttoASEAN

TbtalW・GermanyGreeccSpainFranceltaIyNetherlandtheU.K、

1060

1970

1980

1988

0000 MⅢ伽㈹1111

27.2

26.7

27.7

25.7

0.32.810.59.6 0.45.211.911.4 0.43.514,910.5 0.54.213.49.7

14.2

13.2

13,7

14.9

27.3

22.6

21.8

22.6

EECimpoTtfromASEAN

、&

Source:Eurostat,E】『蛇r"ロノ刀adF,SmtiF(、ヨノybmBooA.

ThewithdrawalofEuropefromAsiawillnecessarilyreinfbrcetheJapanese presenceinSouthEastAsianregionThisisnotdesirableeithertoSouthEast AsiannationsortoJapanPrimeMinisterLeeKuanYwe,B〃わ"tetoatourof Europeancoutries,pointedoutthat,“Iftheworldtendstowardseconomicand tradingblocsandAsiaisfOrcedtoenterinthe`Yenbloc,,thatwouldbecomean appleofdiscor。,,、Filthermore,astheEast-Westclem"rereachesAsia,power balanceintheAsia-PacificregionwillberadicallychangedTheMalaysianDeputy ForeignMinister,MrAbduUahFadzilwamedofpossibilitythatlndiaandJapan wouldflllthepoliticalvacuumcausedbysuperpowers,evenmaldisarmamentin thisrcgion・Inanycase,facingthePost-ColdWarperiod,Asianstates,fearsofan

intensificationofJapaneseprcsenceinAsiaareincreasingl6).

InordertoappeaseAsianconcems,ontheoccasionoftheEEC-ASEANregular conferenceheldFebruaryl990,theEECdecIaredonceagainitsintentiontomeet commitmcntsinAsiafOrprovidingODA、1,1988,theASEANgroupreceived 20%ofthetotal$440millionfinancialaidfOrdevelopingcountriesgivenbythc EEC,ThesharesfOrThilandandlndonesiaarethemostimportantandfOllows thatofthcPhilippines・Mainitemsofassistanceareagriculturaltechnology,

cnvironmentalprotection,HoodcontrolandjobtrainingSince1988,theEEChas joinedthedairydevelopmentprograminChinainaccordancewiththeWorldFood Program

LastMay,theEECCommissionputfOrwardanambitiousfive-yearaidprogram・

Htheplangetsthego-ahead,Asiancountrieswillreceivetwo-thirdsofanECU29

billion($2.3billion)aidpackage,withtherestearmarkedfOrLatinAmerica17〕・

AnEECcommissionerinsistedthatfUrthereconomlccooperationinAsiaisboth

"avitalneedandanopportunitynottobemissed.,,AndheaddedthatwhileEEC

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THEIMPACTOFECMARKETINTEGRATlONANDEASTEUROPEANLIBERAUlアヘTIONONASIA-PACIFFIC ECONOMIES

aidtoEastEuropeisshorttermandtiedtopoUticalandeconomicconditions,

assistancetoAsiais“longtermandconstant'''8).

Ⅳ,FromaTri-polarSystemtoaBipoIarorPerhapsaTwoandOne-halfPolar System

IntheeraoftheColdWarbetweentheUnitedStatesandtheSovietUnion

blocs,theintemationaIeconomyintheWestusedtobeexplainedbyatri-polar systemconsistingoftheUS.,EuropeandJapan・ButtheendoftheColdWar heraldsthecomingofnewerainwhichtheeconomydominatespoliticsandmilitary affairs;thetraditionalworldofthetri-polarsystemwiUbedrasticallytransfOrmed・

ThemostimportantfactorproducingthistransfOnnationistheenlargementof Europeandconsequentlytheriseof“Euro-Centralism,,、

Intheintemationaleconomictriangle,thestrongesttieslinktheU・SwithWest Europe・Sharingbothethnicandhistoricalrelationshipsaswellasliberal democraticvalues,theyhaveconstructedwidepipelinesbetweenthemfOrtrade andcapitalinvestment・Forthesecurity,theyhaveengagedinacollectivedefense regimebyestablishingNATO、Thesedays,withaviewtowards“1992,,,American fimlshavelaunchedanintenseM&AraceinEurope,especiallyintheU.K・and

Germany,whileEuropeancapital,aimingatglobalizingtheiractivities,aretrying

tomakeinroadsintotheAmericanmarketaswellasintotheintra-EECmarket・

Nevertheless,sincetheendoftheWorldWarlI,becauseofthecontinualdecline oftheEuropeanoldcolonialempires,thecentreofgravityoftheintemational economyneverceasedtoshiftfromtheAtlantictothePacific,andsotheUS・has continuedtomoveawayfromEuropeOntheotherhand,apartfromtheselfL

consciousseparatismofG“肋[France,MediterraneancountriessuchasItaly,

Spain,andGreecehavecontinuedtocriticizetheU・SmiIitarypresenceinEurope、

WestGermany,whiledeclaringapro-Americanposture,hasgraduallysetaside

fromitsdiplomaticconceptsthedefenseofcommonAtlanticbenefit19).This changehasbeenshownparticularlybytheextremelydeterminedpeacemovement

againstthedeploymentofCruiseandPersingmissilesinGermanyduringthe earIyl980sWinningbackitsconfidencebyreclaimingaclearpositionof dominanceoverEastEuropeandtheSovietUnion,WestEuropehasstrongly

tumedinuponitselfEuropeantendencytobecomemoreindependentvjF-d-vjsthe

US・sincetheendoftheWarwiIlbeacceleratedonalongtermbasis2o).

AsfOrtheUS.,sincetheearIyl980s,businessenterpriseshadhankeredafter

easywealthandbecomeabsorbedinthemoneygameofWallStreettotheneglect

ofbasicmanufacturing、Asaresultofthis,somedc-industrializationoccurrcd・But theUS・isobligedtopaythepriceofignoringthemanufacturingbase;theUS・is

witnessingadeclineinaintemationalcompetitivenessinmanufacturing、The

"centripetalfOrce,,inthetraditionalsocialandeconomicorderisdiminishingand

serioussocialdifficultiesareprovokedbytheincreaseofnarcotic-relatedcrimesor thedeclineofqualityofeducation、Fromthegeographicalpointofview,the disintegrationoftheU・Shasbeentakingplacegraduallyduringthel980s・In contrastwiththedeclineoftheestablishedEastCoastareas,theSunBeltzoneand especiaIlytheWestCoastregionareshowingrisingstrengthOneAmericanauthor

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(13)

insistsonanewconceptionofNorthAmericaasbeingdividedinto9real“nations,,

acrossthepresentintemationalbordersoftheUS.,CanadaandMexico21).Asthe

US・ispulledindifferentdirectionsbetweenthetwogrowthpoles,theAsia-Pacific regionandGreaterEurope,theU.S・wouldbecomeincreasingIypolarizedThe

PacificregionintheU・SinparticularcouldtummoreandmoretowardsAsia・

Inshort,becauseoftheweakeningofAmerican-Europeanrelationshipsonone

hand,thedisintegrationoftheU.S・itselfontheotherhand,theUS・wiIlnotbe

abIetoassumetheroleofonedistinctpoleofgrowthThepresenttri-polarsystem oftheinter、ationaIeconomywilltumtoaneconomicandpoliticaIbipolarsystem composedoftheAsia-Pacificregio、andGreaterEuropeasgrowthpoles22).Ifthis

scenanoappearstobetoomuchofanexaggcration,itmightbemorerealisticto supposewewillhaveatwoandone-halfpoIarsysteminvoIvingthcU.S・asone-half pole・Inthiscase,theU・Sisclcarlylosingitspreviouspredominantpositionandis assuredonlyofapositionofonehalfgrowthpolebetweenthePacificandthe

Atlantic

Atthispointitwouldbeusefultomakeacomparisonbetweentwopolesofthe Asia-PacificregionandGreaterEuropeandsumupbrieflysomeoffeaturesof eacharea・ConcemingtheAsia-Pacificregion,thcmostimportantageminthis regionisthePacificOceanwhichistwotimeslargerthantheAtlanticandis

equivalenttoonethirdofthcsurfaceoftheglovez3).TheMediterraneanhad

cultivatedEuropeancivilizationbasedontheancientGreekCultureand Christianityapartfromprovidingarouteoftransmissionoflslam・TheAtlantic OceanhadconveyedtheLatinCultureandafterwardsAnglo-Saxontraditions fromtheOldContinenttotheNewButthePacificisnotonlysowide,butalsoso diversifiedintopographythatitcannotbedefinedasasimpleentity、Acrossthe Ocean,thcrearespreadinamosaicvariousreligionsandcultures;Buddhism,

Hinduism,Islam,Christianity,andConfucianism,thelastaccompanyingacultural sphereofcountriesusingChinesecharacters・

SincetheendoftheWorldWar,WcstEurope,theEECnationsatleast,

enjoyingrelativehomogeneityandstabilityinspiteofbeingundertheColdWar,

havesharedthesamevalueofliberaldemocracyandapproximateIysamedegreeof

economicdevelopment;Asia-Pacificregionhasbeenwidelyindispersionincluding

verydifferenttypesofpoliticalregimesandeconomicperfOrmancesThisvanety acceleratedeconomicdevelopmentaswillbediscussedlatter,butpoliticallyit bringsaboutinstabilitysuchascivilwars,CCZイpsd'E、【,invasions,insurrectionsand soonAsaresult,theAsia-PacificregioncouldnotfOrmacIoselyconnected economicandpoliticalintegrationlikethatoftheEECortheUS.-CanadaFree TradeAgreement・Inotherwords,thisregionisincompatiblcwithnarrowminded

bIocs・Thereassemble34coumriesandconcentrateonehalfofworIdwealthand population・

IntheAsia-Pacificregion,thercarethreemaininternalaxes(Figurel):1)the North-Southaxisofverticaldivisionoflabour,betweenJapanandtheNIES,the ASEAN,AustraliaandNewZealand2)theEast-Westaxisofhorizontaldivision oflabourinthenorthernhemispherebetweenJapanandtheNIESononesideand theUS・andCanadaontheotherside、3)thesecondEast-Westaxisofhorizontal divisionoflabourinthesouthemhemispherebetweenAustraliaandNewZealand ononesideandtheUS、andCanadaontheothcrside,Besidestheseareas,the

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(14)

THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANLIBERALIZATIONONASIA-pACIpFIC ECONOMIES

1987(sbiIIIon) I9B7ISbIIIIon)

JOpOn 1287(9.9) NorIhAmorlcq

i;;<更1,.2)

261 ~(8. 261

58B~

1lIZB)

58B~

1lIZB) 4.5) 4.5) TB TB

NIES ASEAN

217(14.5)

(219.4) 64、64、

(219.4) 4) γ21 (68.7) γ21 (68.7) (6 97 (43.5) 97 (43.5)

120 (59.5)

120 (59.5)

OCEAMA

Source:OajA6"パイ"J,Sept.’”0,p、45.

Notes:1)():increaseratiobetweenlg70andl987.

2)NorthAmerica:thcUS、andCanada・

ASEAN:Thailand,Malaysia,IndonesiaandthePhilippines,

NIES:SouthKorea,Taiwan,HongKongandSingapore・

FigureLEvolutiomoflntra-Asia-PacificTrade

littoralregionofChinaisenteringgraduallyintothispoleofgrowth

Ontheotherhand,GreaterEuropeisabsorbing,ashasbeenmentionedearlier,

theEastEuropeancountriesand,inthefUture,theSovietUnionTheywillbe connectedaroundthecoreoftheEEA(EuropeanEconomicArea)whichwillbe fOrmedbytheEECandEFTAcountries,GreaterEurope,witha700million population,willhave$800billionintotalGDPwhichwillexceedthe$500billion oftheUS.、ApartfiFomthefallofthesocialisminEastEuropeasahistorical

exception,WestEuropehasenjoyedsincetheendoftheWararelativepolitical

stabilitythankstoitssocialandeconomichomogeneity・TheweaknessesofWest Europewere,however,alsoclear:theeqpnomycouldnotdevelopcompetitive fOrcesnordidastrongdynamismSeedsofvitalpower,researchers,e"Zグビpre"ewT orcapitalfOrexampIe,didnotceasetogoacrosstheAtlanticandtodrainout towardNorthAmericaFuthermore,Europecouldnotgowiththetideof

``softnomics,,inthel980s,andthegapofintemationalcompetitivenessbetween EuropeandtheAsia-Pacificregionhaswidenedenormously

Theessentialreasonforthisrelativeeconomicweaknesscanbeattributedtothe

Europeandevelopmentpattempursuedthroughtheperiodofrapidgrowthofthe

late1970s・Tocopewiththerapidexpansionofdemandandscarcityoflabour,the

EuropeandeveIopedcountriesintroduced,inamassivefashion,perhapsmorethan

5millionimmigrantlabourersfromSouthEurope,Turkey,Yugoslaviaandthe Maghrebregion,aswelIasfromblackAfricancountries、Theseworkerswere

willingtobeemployedfOrIowerwagesthandomesticworkersTheEuropean economyhascometodependonpricecompetitivenessbasedoncheaplabour,

neglectinglaboursavingeffOrtsinordertoupgradeindustrialstructures・In

contrastwiththisinvoIvementofimmigrantlabourwithinWestEurope,Japan,in thisperiod,didnotabsorbimmigrantlabourers・Thisispartlybecauseitdidnotyet allowfOrcheapairtransportationwhichmightenableSouthEastAsianimmigrants

toUytoJapanoverthewidePacificOcean,butprincipallybecausethereexisted unresolvedpoliticalanddiplomaticproblemswithneighboringcountriessuchas SouthKorea,TaiwanandChinalnordertoleapoverthehurdleoflabour

shortagecrisisduringrapidgrowthperiod,Japanwas,therefOre,obligedtoinvest intensivelyinintroducingautomationequipmentsuchasrobotsandcomputersinto

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(15)

theproductionsystem・

TheMediterraneanRimencouragedthe“internalization,,ofimmigrantlabourin Europe;thelargePacificbasinforcedJapanesefirmstoIaunchinto‘Micro- ElectronicRevolution,,andafterward,facinganapparentlycontinualappreciation oftheyenyjF-d-yなtheU.S・dollar,toshiftitslabourintensivesectorstotheNIES andafterwardstheASEANcountries・ThisprocesscouIdbecalledthe

"extemalization”ofimmigrantlabourinJapan・Asiandynamicdevelopmenthas beenstimulatedbythisJapanese``export”ofgradualIyupgradingmanufacturing facilitiestoitspartnercountries・Forunately,thToughthisperiodofthel980s,the US・couldlargeIyabsorb,bymeansofacceleratedprocessofde-industrialization,

manufacturedexportsfromnewlyindustrializingcountriesinEastAsia・Becauseof this,theAsiandevelopmentpattemiscaIledsometimes“Hyinggeesedevelop-

ment,,、

InEurope,becauseof“intemalization”ofcheaplabour,anyclearaxisofvertical divisionoflabourhasnotbeenfbrmed・RatherthecoreregionofWestEuropeis coveredbyanintensivenetworkofhorizontaldivisionoflabour,inotherwords,

themutualopeningofeachnationalmarketfOrmanufacturedgoods、Certainly,

corenationsaretryingtodevelopsomeverticallinkageswithMediterraneanstates,

butthisisaratherrecentphenomenonsincebeingfacedwith“1992,,.Now expandingitsrangetoEastEuropeandalsoto,inthefuture,somepartofthe SovietUnion,Europecanratherexpectapotentialdevelopmentinverticaland horizontaldivisionoflabourinthelongrunOneseriousproblemmaybecaused byapossiblewaveofimmigrationduetothedisintegrationoftheSovietEmpire・

BecausetheWestEuropeancountrieswillbefOrcedmorethanonceto

"internalize,,severalmillionrefugeesorimmigrantscvenastheysufferfiFoman unemploymentcountofl5millionincludingtheadditional2millionEastern Germanworkerswhowerelaidoffreccntly

TumingbacktoUS.-EuropeanreIations,theinteractionbetweentheU.S・and EuropeisactivatedfOrthetimebeing,byeventsrelatedtoeconomicintegrationin l992・ItisinevitablethattheUS・shoulddisengagefromEuropemilitarilyand politicallyaswellaseconomically・IntheU.S、,“westemization,,,theshiftof economicactivitiestowardsthePacificstateslikeCalifOmaorWasbington,tums theUS.,moreandmore,intoaPacificcountry・Infact,theamountoftrans‐

Atlantictradewasexceededbytrans-Pacifictradeinl985andsincethenitsgaphas becnwidening(Figure2).ConcemingAmericancorporations,theymustcopewith theglobalizationoftheeconomyandworldwideeconomicinterdependenceButif theyareobligedtochooseapartneroramarketbetweentheopenmindedPacific andanintrovertedEurope,theirchiocemaylieinmanycaseswiththePacific lnthemilitaryfield,theUS,mustwithdrawitstroopsfromEuropebecauseof increasingFederalbudgetproblemsand,aboveall,becauseoftheintensificationof East-Westdピ、"!e・IntheUS.,asidefromtheoutburstoftheGulfWar,peopIedo notceasetodemanda“peacedividend,,、Asaresult,thedefenseofEuropewill become,inthelongrange,irresistiblyEuropeanlftheU.S、losesitsfOotinginthe

NATO,theywillnotbeabletosecureonespecialrightofpresenceinEurope24).

Asonereaction,theUS・isplanningtostrengthentheNorthAmericanFreeTrade

ZonebetweentheU.S・andCanadaandalsoinnearfuturewithMexicoProblems

comefromthefactthatfreetradebetweentheU・SandCanadahavealready

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(16)

THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANLUBFRALIZATTONONASIA-PACIFFIC ECONOMIES

$bllIIon 30C

250

200

150

100

50

019731975197719791981198319851987

1974197619781980198219841986 Source:Oaik6町、、,SeptU990,p、46.

Note:Trans-Pacifictrade:totalamoumtoftradebctweentheU.S,Canada,andLatinAmericaas onepartandJapan,Australia,NewZealand,theASEAN,andtheNIESastheotherpart・

Trans-Atlantictrade:totalamountoftradebetweentheU.S,,Canade,andLatinAmericaas onepartandWestEuropeandAfricacxceptSouthAfricaastheotherpart・

Fignlre2・TheTrans-PacificTradeExceedstheTrans-AtIantictrade

existedforlongtimefOrmotorvehiclesandcarcomponentsandsofUrthertrade diversioneffectswouIdbelargelylimitedFurthermore,inCanadaaswellasin Mexico,almostallbigenterprisesareinfactpossessedorcontrolledbyAmerlcan

capitaLYettheestablishmentofa``ContinentalEconomy,,hasnotseemedtoyield

moreadynamiceconomy・

ThelastproblemweshouldmentionisthattherelationsbetweenEuropeand

AsiahavelonglackedculturalsympathyfOreachother・Eveneconomicrelations

havearelativelyshorthistory・ForJapanesetraderelationswithEuropereaIly beganinl974,whichoccurredunfOrtunatelyaIongsidethefirstoilcrisis・Therapid JapaneseeconomicadvanceandthetakeoffofexportstowardsEuropeinthe

NIESintensifiedsincel979,whichoccurredalongsidethesecondoilcrisiswhen Europeancountriesbegantosufferfromthe“Euro-pessimism,,、Theeconomic

relationsbetweenJapan,aswelIastheNIES,andEuropeopenedinanuntimely faShion、FuthermoretradesitemsinbothsidehavecompetitivecharactersIacking

inabilitytocomplementeachother,sothattherelationshipisalwayscharacterized

bytensionTheU.S,canexporttoJapanfOods,raw、aterials,jumbojetliners,

militaryequipmentaswellasothermanufacturedgoods;Europecannoteasily assureamarketinJapanfOrthoseitemsbecauseofgeographicalandpolitical handicaps・Inthecaseoffoods,Europeantransportshipsarehandicappedbyits longvoyagecrossingtheline;inthecaseofhugemanufacturedgoods,Europedoes

-93-

(17)

notshareanymilitaryalliancesorspeciaIpoliticalrelationswithJapan,

TheemergenceofGreaterGermanyis,byconsolidatingthecoreofEuropean

economyonthewhole,apreferabledevelopmentforJapan、But,asmentioned above,AsiandevelopingcountriesfeeIacertainconcemabouttheintensification ofintroversioninEuropewhichwiIIhaveastrongimpactonthevulnerabletrade andcapitalinvestmentrelationsbetweenAsiaandEurope、Ontheotherside,

however,peopleareworriedUystrongJapaneseoverpresenceintheSouth-East

AsiancountriesjustasEastEuropeanpeopleareafraidoftheinfluenceofa GreaterGermany・OnesolutionisfOrJapantotrytomakeinroadsintothe marketsofEastEuropeandtheSovietUnion,andreciprocallyGermanyandother WestEuropeancountriesshouldmoveintotheAsia-Pacificbasin、IfJapanand WestEuropeanstatesengagedincooperationandcoalitioninthethirdcountries,it willbeofgreatsignificanceinpreparingthenewinternationaleconomicorder,

irrespectiveofwhetherabipoIarsystemoratwoandone-halfpolarsystem

emerges.

Notes

1)MinistryofFinance,Sq/}"omjcsFbノノow叩ノノ"kaiH6kok皿(SoftnomicsFollowup Committee,sReports),1984-85.

2)Dertouzos,MichaelL・era/、,Madej〃Amerjca,HarperPrennial,NewYork、1989、

ppl9and149.

3)Osabe,Shigeyasu,Y6roppaDenshisangyOtoNihonkigy6noShinshutu(European electronicsindustryandimplantationofJapanesecorporationsinEurope),inlnstitut ofComparativeEconomicStudies,HoseiUniv、e。.,M/IC〃DC"3h曲α"8yd〃oKajgai SjlzsMm(ImplantationabroadofJapaneseelectoronicscorporations),HoseiDaigaku Shuppamkyoku,Tbkyo、1987.

4)Osabe,Shigeyasu,92nenKeizait6g6noHikaritoKage(Lightandsombreinthe economicintegrationinl992),inル卿。(Jurist),、0961,1-15August1990.

5)T1heE”Opea〃C/jαノノe"geI992,WildwoodHouse,Hants,1989,p94.

6)Emerson,MichaeIe'αノ,7WeEco"omics〃ノ9,2,OxfordUnivPrcss.,Oxford,1988, p264.

7)Bird,RogerCandStevenZelIer,Gノ06αノEノツi2c灯q/E"mpel992,cjtparS6mus O,CI6ireacdin,Europel992andgapsintheEC'scommoncommercialpolicy,in ノリ"、αノq/・Commo〃Mα'kaSlHdjes,Marchl990.

8)Smith,AIistairandVenablcs,AnthonyJ.,Thccostsofnon-Europc,inReFea比/、〃

’he,CoFrq/Ⅳolz-EHmpe,,Brussels,1988,ch5,ciZparS.O,CleiTeacain,Op・Cit.

,)Djjm,pp206-207.

10)See,Rollo,JMD.αロノ.,、ビノVewE“rer〃Europe:WCsterlzRespollses,Pinter,

London,1990.

11)See,TheRusiansarecoming,in(heEco"o、血ハ200ct、1990;Lendval,Paul,Eastern Europe:Iiberalismvs・nationalism,inThewo〃dmdcJy,July1990.

12)Osabe,Shigeyasu,AratanaAidentitiwoMotomeruEC(TheECinsearchofitsnew identity),inGaMc6"'"、(DipromacyForum),Sept、1990;Lucron,Claude-Pierre,

VersI,espaceeconomiqueeurop6en,I,Europedudeuxiemecercle,inRew4ed皿 川α"h6Cbmmo"・no、339.aodt-s6pt、1990;Schmieding,Holger,AconceptfOrapan-

-94-

(18)

THEIMPACTOFECMARKETINTEGRATIONANDEASTEUROPEANLlBERALIZATIONONASIA-PACIFFIC

ECONOMIES

Europeaneconomicintegration,inE"mpeQ〃A仇jres,n0.3.1989.

Wallace,William、/uenzmq/b「"7口"o〃q/WEF'2mE皿、PC,Pinter,London1990,p4.

ノWho〃KeizajShjmb皿〃(JapanEconomicJoumal),13Junel990

Djlm,17NOM1989.

Di"o,l3Junel990 EノPmS,gmayol990,

Islam,Shada,ECearmarksaidpackagefOrAsia,onthereccivingend,inFtJrE“[Br〃

ECO"omjcRepiew,Z4Mayl990・

Smith,Michel,W“rer〃E皿ropeq"dfheU"jZedSmles,GeorgeAllens,London,1984.

p59.

Osabe,Shigeyasu,JidainokiwddowakyOhen(CuITentkeywordis`rapidchange,),in

S(J"Sam,Augustl990

Garreau,JoeIm/Te/Vi"eMJrjO"sqWVorf/uAme"cα,AvonBook,NewYork,1981.

1,France,so-calIed‘newAtlantists,insistonthebipolaTizationoftheworldSee,

Attali,Jacques,Ljg"Cs。,jWrjzo",Fayard,Paris,l99qAndalso,EtTillard,Gilleset Sureau,Fran9ois,Aノ'ESノcmMo"。e,Fayard,Paris,1983.

InstitutduPacifique,LePac(/li9Ⅲe:ノVOz〃eamCe"/花d〃Mo"。e,Berger-Levraut,Paris,

jjj1jj 345678 111111

19)

20)

21) 22)

23)InstitutduPacifique,LePac(/li9Ⅲe:ノVOm 1986,chL

24)See,Osabe,JidainokiwAdo,op・CIL

-95-

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