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Asia and South America: A Quasi-Common Economy Approach

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  • Canuto, Otaviano

    (World Bank)

  • Sharma, Manu

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.

Suggested Citation

  • Canuto, Otaviano & Sharma, Manu, 2011. "Asia and South America: A Quasi-Common Economy Approach," World Bank - Economic Premise, The World Bank, issue 65, pages 1-7, September.
    • Handle: RePEc:wbk:prmecp:ep65
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    References listed on IDEAS

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    Cited by:

    1. Otaviano Canuto & Hung Q. Tran, 2025. "Asian Economic Integration Led by Trade Liberalization: A Lesson for Other Regions," Policy briefs on Economic Trends and Policies 2449, Policy Center for the New South.
    2. Barbara Kotschwar, 2012. "Transportation and Communication Infrastructure in Latin America: Lessons from Asia," Working Paper Series WP12-6, Peterson Institute for International Economics.
    3. World Bank, 2012. "Reshaping Economic Geography of East Africa : From Regional to Global Integration (Vol. 1 of 2)," World Bank Publications - Reports 11930, The World Bank Group.

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    Keywords

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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F2 - International Economics - - International Factor Movements and International Business
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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