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Whither East Asian Economic Integration?

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  • Naoko MUNAKATA

Abstract

This paper looks back on the evolution of institutional frameworks for economic integration in East Asia, which accelerated after the Asian financial crisis, analyzes its dynamics and future prospects, and identifies Japan's roles in the process that are consistent with the institutional transformation of its economy and society as well as the fundamental interests the United States have in Asian integration and constructive roles it can play in the process. In Section I, it analyzes the forces influencing the development and performance of various regional frameworks. In Section II, the paper assesses the prospects for Asian economic integration in light of these forces as well as perceived obstacles. Section III examines the link between Japan's policy efforts to overcome economic and political challenges, and the development of various institutional frameworks for East Asian economic integration. In Section IV, this paper presents positive implications for the U. S. policy for Asia.

Suggested Citation

  • Naoko MUNAKATA, 2002. "Whither East Asian Economic Integration?," Discussion papers 02007, Research Institute of Economy, Trade and Industry (RIETI).
    • Handle: RePEc:eti:dpaper:02007
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    File URL: https://www.rieti.go.jp/jp/publications/dp/02e007.pdf
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    Cited by:

    1. Boyer, Robert, 2003. "European and Asian integration processes compared," CEPREMAP Working Papers (Couverture Orange) 0302, CEPREMAP.
    2. Mia Mikic, 2007. "Preferential trade in Asia and the pacific - Trends and prospects for multilateralization," STUDIES IN TRADE AND INVESTMENT, in: Mia Mikic (ed.), FUTURE TRADE RESEARCH AREAS THAT MATTER TO DEVELOPING COUNTRY POLICYMAKERS, volume 61, chapter 2, pages 33-56, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    3. Dilip K. Das, 2008. "South Asia's Integration with the Rest of Asia: a survey," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 22(1), pages 25-40, May.
    4. Woosik Moon, 2011. "Whither East Asian economic integration? Korea’s regionalization cum globalization strategy," Asia Europe Journal, Springer, vol. 9(1), pages 29-42, November.
    5. Yanghua Huang & Yongsheng Zhang, 2011. "East Asian Economic Integration and its Impact on the Chinese Economy," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 2, Edward Elgar Publishing.
    6. Pasadilla, Gloria, 2004. "East Asian Cooperation: The ASEAN View," Discussion Papers DP 2004-27, Philippine Institute for Development Studies.

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