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ASEAN Integration in 2030: United States Perspectives

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  • Heng, Pek Koon

    (Asian Development Bank Institute)

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    Abstract

    The paper argues that United States (US) participation in the East Asia Summit (EAS)—regional integration architecture led by the Association of Southeast Asian Nations (ASEAN)—was motivated by four changes in the regional economic landscape: (i) the Asian financial crisis of 1997 and emergence of the ASEAN+3 grouping; (ii) the rise of the People’s Republic of China (PRC) as the leading regional growth engine and an active player in regional integration arrangements; (iii) the failure of the Asia-Pacific Economic Cooperation (APEC) arrangement to foster trade liberalization in the region; and (iv) the inability of the World Trade Organization (WTO) Doha Development Round to lower global trade barriers significantly.

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    File URL: http://www.adbi.org/files/2012.07.05.wp367.asean.integration.2030.us.perspectives.pdf
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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 367.

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    Length: 23 pages
    Date of creation: 06 Jul 2012
    Date of revision:
    Handle: RePEc:ris:adbiwp:0367

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    Keywords: east asia summit; eas; asean; asian financial crisis; wto; doha development round;

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