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AFTA analysis approach ASEAN countries ASEAN+3 Asian financial crisis Basel bilateral Bundesbank capital China Community competence competition law competition policy cooperation costs crises Deutsche Bundesbank developing countries domestic dynamics East Asia Summit East Asian regionalism economic integration effects emerging environmental estimates Europe European Union exchange rate exports firms forecasting error foreign direct investment framework free trade GATS Germany global growth rate Hardcover impact important increase Indonesia inflation initiatives institutions interest international banks issues Japan Korea liberalisation Malaysia Member mixed agreements monetary policy money growth multilateral network effects nomic oil prices output gap P.J.J. Welfens Philippines political potential problems production real-time data regulation relations relatively restrictions result risk role rules sector shock Singapore Southeast Asia stock markets structure target tariff telecommunications Thailand tion tional variables Welfens
Page 255 - By creating a Community of unlimited duration, having its own Institutions, its own personality, its own legal capacity and capacity of representation on the international plane and, more particularly, real powers stemming from a limitation of sovereignty or a transfer of powers from the States to the Community, the Member States have limited their sovereign rights, albeit within limited fields, and have thus created a body of law which binds both their nationals and themselves.
Page 255 - By creating a community of unlimited duration, having its own institutions, its own personality, its own legal capacity and capacity of representation on the international plane and, more particularly, real powers stemming from a limitation of sovereignty or a transfer of powers from the states to the community, the member states have limited their sovereign rights...