The International Journal of Humanities & Social Studies

The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off


Based on the model of general equilibrium in monopolistic competition, the main purpose of the research paper is to analyze welfares of nations with discrepant positions, benefits of FTA as well as determinants in accordance with Hub - Spoke system and its extended structure. Results show that: (1) Country H and Country S are disproportionate in efficacy with the former earning more benefits than the latter; (2) the welfare distribution of Hub - Spoke system and spoke connective structure both exhibit extensive complexity, subject to combined effects of product substitution, commercial complementarity, extent of bilateral trading relation, profitability   of scale, etc; (3) thanks to the extension of Hub-spoke system to global free trade, it is possible for country S to increase its trade volume and welfare, and by contrast, for country H to decrease its trade volume and welfare. Based on those arguments, the paper proposes some policy implications for Vietnam in its FTA partner selection and implementation of FTA strategies.


User
Notifications
Font Size