Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions
Over the past decade, regional integration has become the focus of intense global interest and debate, and the regionalization of East Asia has figured prominently in that dialogue. East Asia can be described as a heterogeneous region that is both...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2003/06/2420980/regional-integration-east-asia-challenges-opportunities-part-1-history-institutions http://hdl.handle.net/10986/18173 |
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okr-10986-181732021-04-23T14:03:41Z Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions Sakakibara, Eisuke Yamakawa, Sharon ABSOLUTE VALUE BALANCE OF PAYMENTS CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL FORMATION COMPETITIVENESS CURRENCY CURRENCY UNION CUSTOMS DESERTS DEVELOPED COUNTRIES DIVERGENCE DIVISION OF LABOR ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC SIZE ECONOMISTS EXCHANGE RATE EXPLOITATION EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TRADE FAR EAST FINANCE FINANCIAL CRISIS FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN TRADE FREE TRADE GDP GDP PER CAPITA GEOGRAPHICAL DISTRIBUTION GLOBAL INTEREST GLOBAL TRADE GNP GNP PER CAPITA GROWTH RATE IMPORTS INCOME LEVELS INDIAN OCEAN REGION INSTITUTIONAL CHANGE INTERNATIONAL TRADE INTRAREGIONAL TRADE LIVING CONDITIONS METALS MULTILATERAL TRADE NORTH AMERICA OPENNESS PER CAPITA INCOME POINT POPULATION GROWTH PRODUCERS PRODUCTIVITY RED SEA REGIONAL INTEGRATION REGIONALISM REGIONALIZATION SEAS SOUTHEAST ASIA TAKEOVER TECHNOLOGICAL PROGRESS TRADE TRADE ROUTES WEALTH WEST WESTERN EUROPE WORLD TRADE REGIONAL INTEGRATION HISTORICAL ANALYSIS REGIONAL COOPERATION REGIONAL INTEGRATION AGREEMENTS ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ASSOCIATION OF SOUTHEAST ASIAN NATIONS REGIONAL TRADE DIRECT INVESTMENT EUROPEAN UNION NORTH AMERICAN FREE TRADE AGREEMENT TRADE PROMOTION FOREIGN DIRECT INVESTMENTS WORLD TRADE REGIONAL INTEGRATION Over the past decade, regional integration has become the focus of intense global interest and debate, and the regionalization of East Asia has figured prominently in that dialogue. East Asia can be described as a heterogeneous region that is both global and intraregional. The authors examine the motivating factors and underlying dynamics of the progression toward closer cooperation in the region beginning from a historical perspective, which sets the stage for an evaluation of the form that regional cooperation might take so as not to sacrifice the benefits of the region's already achieved openness. This examination includes a review of the lingering effects of the 1997-98 Asian crisis, the expanding role of China in the region, the prolonged slump in Japan's economy, and the evolution of regional institutions such as the Asia-Pacific Economic cooperation and the Association of Southeast Asian Nations, among others. The authors focus on trade, direct investment, and the financial and monetary aspects of regional cooperation. In their analysis, they compare other regions, particularly the European Union and the North American Free Trade Agreement. Finally, the authors suggest cooperative steps the region might take over the next decade to promote the growth and stability of its member economies. In this regard, they look at the future role of regional institutions, the prospects for a regional role in promoting trade and foreign direct investment, and the possibilities for financial and monetary cooperation. 2014-05-05T20:21:04Z 2014-05-05T20:21:04Z 2003-06 http://documents.worldbank.org/curated/en/2003/06/2420980/regional-integration-east-asia-challenges-opportunities-part-1-history-institutions http://hdl.handle.net/10986/18173 English en_US Policy Research Working Paper;No.3078 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research East Asia and Pacific East Asia |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ABSOLUTE VALUE BALANCE OF PAYMENTS CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL FORMATION COMPETITIVENESS CURRENCY CURRENCY UNION CUSTOMS DESERTS DEVELOPED COUNTRIES DIVERGENCE DIVISION OF LABOR ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC SIZE ECONOMISTS EXCHANGE RATE EXPLOITATION EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TRADE FAR EAST FINANCE FINANCIAL CRISIS FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN TRADE FREE TRADE GDP GDP PER CAPITA GEOGRAPHICAL DISTRIBUTION GLOBAL INTEREST GLOBAL TRADE GNP GNP PER CAPITA GROWTH RATE IMPORTS INCOME LEVELS INDIAN OCEAN REGION INSTITUTIONAL CHANGE INTERNATIONAL TRADE INTRAREGIONAL TRADE LIVING CONDITIONS METALS MULTILATERAL TRADE NORTH AMERICA OPENNESS PER CAPITA INCOME POINT POPULATION GROWTH PRODUCERS PRODUCTIVITY RED SEA REGIONAL INTEGRATION REGIONALISM REGIONALIZATION SEAS SOUTHEAST ASIA TAKEOVER TECHNOLOGICAL PROGRESS TRADE TRADE ROUTES WEALTH WEST WESTERN EUROPE WORLD TRADE REGIONAL INTEGRATION HISTORICAL ANALYSIS REGIONAL COOPERATION REGIONAL INTEGRATION AGREEMENTS ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ASSOCIATION OF SOUTHEAST ASIAN NATIONS REGIONAL TRADE DIRECT INVESTMENT EUROPEAN UNION NORTH AMERICAN FREE TRADE AGREEMENT TRADE PROMOTION FOREIGN DIRECT INVESTMENTS WORLD TRADE REGIONAL INTEGRATION |
| spellingShingle |
ABSOLUTE VALUE BALANCE OF PAYMENTS CAPACITY BUILDING CAPITAL ACCOUNT CAPITAL FORMATION COMPETITIVENESS CURRENCY CURRENCY UNION CUSTOMS DESERTS DEVELOPED COUNTRIES DIVERGENCE DIVISION OF LABOR ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORIANS ECONOMIC HISTORY ECONOMIC SIZE ECONOMISTS EXCHANGE RATE EXPLOITATION EXPORT SHARE EXPORTERS EXPORTS EXTERNAL TRADE FAR EAST FINANCE FINANCIAL CRISIS FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN TRADE FREE TRADE GDP GDP PER CAPITA GEOGRAPHICAL DISTRIBUTION GLOBAL INTEREST GLOBAL TRADE GNP GNP PER CAPITA GROWTH RATE IMPORTS INCOME LEVELS INDIAN OCEAN REGION INSTITUTIONAL CHANGE INTERNATIONAL TRADE INTRAREGIONAL TRADE LIVING CONDITIONS METALS MULTILATERAL TRADE NORTH AMERICA OPENNESS PER CAPITA INCOME POINT POPULATION GROWTH PRODUCERS PRODUCTIVITY RED SEA REGIONAL INTEGRATION REGIONALISM REGIONALIZATION SEAS SOUTHEAST ASIA TAKEOVER TECHNOLOGICAL PROGRESS TRADE TRADE ROUTES WEALTH WEST WESTERN EUROPE WORLD TRADE REGIONAL INTEGRATION HISTORICAL ANALYSIS REGIONAL COOPERATION REGIONAL INTEGRATION AGREEMENTS ASIA-PACIFIC ECONOMIC COOPERATION COUNCIL ASSOCIATION OF SOUTHEAST ASIAN NATIONS REGIONAL TRADE DIRECT INVESTMENT EUROPEAN UNION NORTH AMERICAN FREE TRADE AGREEMENT TRADE PROMOTION FOREIGN DIRECT INVESTMENTS WORLD TRADE REGIONAL INTEGRATION Sakakibara, Eisuke Yamakawa, Sharon Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| geographic_facet |
East Asia and Pacific East Asia |
| relation |
Policy Research Working Paper;No.3078 |
| description |
Over the past decade, regional
integration has become the focus of intense global interest
and debate, and the regionalization of East Asia has figured
prominently in that dialogue. East Asia can be described as
a heterogeneous region that is both global and
intraregional. The authors examine the motivating factors
and underlying dynamics of the progression toward closer
cooperation in the region beginning from a historical
perspective, which sets the stage for an evaluation of the
form that regional cooperation might take so as not to
sacrifice the benefits of the region's already achieved
openness. This examination includes a review of the
lingering effects of the 1997-98 Asian crisis, the expanding
role of China in the region, the prolonged slump in
Japan's economy, and the evolution of regional
institutions such as the Asia-Pacific Economic cooperation
and the Association of Southeast Asian Nations, among
others. The authors focus on trade, direct investment, and
the financial and monetary aspects of regional cooperation.
In their analysis, they compare other regions, particularly
the European Union and the North American Free Trade
Agreement. Finally, the authors suggest cooperative steps
the region might take over the next decade to promote the
growth and stability of its member economies. In this
regard, they look at the future role of regional
institutions, the prospects for a regional role in promoting
trade and foreign direct investment, and the possibilities
for financial and monetary cooperation. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Sakakibara, Eisuke Yamakawa, Sharon |
| author_facet |
Sakakibara, Eisuke Yamakawa, Sharon |
| author_sort |
Sakakibara, Eisuke |
| title |
Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| title_short |
Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| title_full |
Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| title_fullStr |
Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| title_full_unstemmed |
Regional Integration in East Asia : Challenges and Opportunities, Part 1. History and Institutions |
| title_sort |
regional integration in east asia : challenges and opportunities, part 1. history and institutions |
| publisher |
World Bank, Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2003/06/2420980/regional-integration-east-asia-challenges-opportunities-part-1-history-institutions http://hdl.handle.net/10986/18173 |
| _version_ |
1764439052505841664 |