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Institutions for Asian Integration: Innovation and Reform

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  • Capannelli, Giovanni

    (Asian Development Bank Institute)

  • Tan, See Seng

    (Asian Development Bank Institute)

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    Abstract

    The formation of regional production networks in East Asia has occurred mainly through market forces, without much help from regional institutions in promoting the creation of a single Asian market. While this approach has served the region well in the past, the drastic changes experienced since the 2008–2009 financial crisis and the challenges Asian countries are facing—growing inequalities and competition, on the one hand, and enhanced threats to the environment and people’s health on the other—have rendered more urgent the need for intergovernmental cooperation at global and regional levels. Asia’s institutions for regionalism need strengthening through reform and innovation.

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    Bibliographic Info

    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 375.

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    Length: 31 pages
    Date of creation: 21 Aug 2012
    Date of revision:
    Handle: RePEc:ris:adbiwp:0375

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    Related research

    Keywords: asian integration; asian institutions; regional production networks; east asia; single asian market; intergovernmental cooperation;

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    1. Masahiro Kawai, 2010. "Reform of the International Financial Architecture: An Asian Perspective," Working Papers id:3066, eSocialSciences.
    2. Baldwin, Richard, 2006. "Managing the Noodle Bowl: The Fragility of East Asian Regionalism," CEPR Discussion Papers 5561, C.E.P.R. Discussion Papers.
    3. Kawai, Masahiro & Wignaraja, Ganeshan, 2011. "Asian FTAs: Trends, prospects and challenges," Journal of Asian Economics, Elsevier, vol. 22(1), pages 1-22, February.
    4. Donald J. Puchala, 1999. "Institutionalism, Intergovernmentalism and European Integration: A Review Article," Journal of Common Market Studies, Wiley Blackwell, vol. 37(2), pages 317-331, 06.
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