Sequencing Regionalism: Theory, European Practice, and Lessons for Asia
AbstractFeedback mechanisms are the key to sequencing when it comes to regional integration; can mean that today’s policy or institution alters the political-economy landscape in a way that makes it politically optimal for future governments to take further steps toward integration—even when these steps are not politically optimal from today’s perspective. After outlining the theory, the paper uses feedback mechanisms to organize Europe’s postwar integration narrative, and then draws lessons for today’s integration of East Asia. The paper suggests that the spontaneous cooperation that created “Factory Asia” has not been codified. One starting point for Asian regional institutions would be to institutionalize the spontaneous cooperation that already exists on trade, services, and investment. New, creative thinking is needed on the sort of soft-law commitments and new modes of cooperation that would make this work with limited sovereignty pooling.
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Bibliographic InfoPaper provided by Asian Development Bank in its series Working Papers on Regional Economic Integration with number 80.
Length: 84 pages
Date of creation: 01 Jun 2011
Date of revision:
sequencing regionalism; lessons of European integration; East Asian integration; regionalism;
Other versions of this item:
- Baldwin, Richard, 2010. "Sequencing regionalism: Theory, European practice, and lessons for Asia," CEPR Discussion Papers 7852, C.E.P.R. Discussion Papers.
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
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