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Asia and South America: A Quasi-Common Economy Approach

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  • Canuto, Otaviano

    ()
    (World Bank)

  • Sharma, Manu
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    Abstract

    The Asian style of regional integration may be seen as a “quasi-common economy” that eschews a formal linkup in political or monetary terms, but manages to generate similar results by strong physical integration and distributed chains of production and service delivery. This note proposes the Asian quasi-common economy as a benchmark for South America’s regional integration efforts because it is a better fit than the politically driven, broad-based, European style integrative process.

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    File URL: http://siteresources.worldbank.org/INTPREMNET/Resources/EP65.pdf
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    Bibliographic Info

    Article provided by The World Bank in its journal Economic Premise.

    Volume (Year): (2011)
    Issue (Month): 65 (September)
    Pages: 1-7

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    Handle: RePEc:wbk:prmecp:ep65

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    Related research

    Keywords: Asia; Latin America; South America; monetary Union; Common Economy; regional integration; cooperation; trade agreements; european union; regionalism;

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    References

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    1. Haddad, Mona & Lim, Jamus Jerome & Saborowski, Christian, 2010. "Managing Openness and Volatility: The Role of Export Diversification," World Bank - Economic Premise, The World Bank, issue 6, pages 1-4, March.
    2. Indermit Gill & Homi Kharas, 2007. "An East Asian Renaissance : Ideas for Economic Growth," World Bank Publications, The World Bank, number 6798, October.
    3. Otaviano Canuto & Marcelo Giugale, 2010. "The Day After Tomorrow : A Handbook on the Future of Economic Policy in the Developing World," World Bank Publications, The World Bank, number 2507, October.
    4. Amsden, Alice H, 1991. "Diffusion of Development: The Late-Industrializing Model and Greater East Asia," American Economic Review, American Economic Association, vol. 81(2), pages 282-86, May.
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    Cited by:
    1. World Bank, 2012. "Reshaping Economic Geography of East Africa : From Regional to Global Integration (Vol. 1 of 2)," World Bank Other Operational Studies 11930, The World Bank.

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