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China and Economic Integration in East Asia: Implications for the United States

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  • C. Fred Bergsten

    (Peterson Institute for International Economics)

Abstract

An essential pillar of a US strategy toward East Asian integration is acceptance of the legitimacy and desirability of that process. US acceptance of the economic integration of Europe is the model. Further, the United States--as well as Canada and Mexico--should seek to nest any new Pacific-Asia trade arrangements in a broader Asia-Pacific framework: Creation of a Free Trade Area of the Asia Pacific (FTAAP) would embed Pacific Asia in the Asia Pacific. Another part of the US strategy should be to strengthen the substantive capabilities and political legitimacy of the global economic institutions, especially the World Trade Organization and the International Monetary Fund, to minimize the need for (and appeal of) new Asia-only regional compacts.

Suggested Citation

  • C. Fred Bergsten, 2007. "China and Economic Integration in East Asia: Implications for the United States," Policy Briefs PB07-3, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb07-3
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    Cited by:

    1. Heng, Pek Koon, 2012. "ASEAN Integration in 2030: United States Perspectives," ADBI Working Papers 367, Asian Development Bank Institute.
    2. Davie, Cheryl & Veeman, Michele M., 2007. "China: Export Market Prospects and Alberta's Agriculture Sector," Information Bulletins 7707, University of Alberta, Western Centre for Economic Research.
    3. Woohyoung Kim, 2010. "A Study on the Feasibility of an FTAAP and Korea's Strategy," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 13(2), pages 281-302, June.
    4. Kuwayama, Mikio & Rosales V., Osvaldo, 2012. "China and Latin America and the Caribbean: building a strategic economic and trade relationship," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2599 edited by Eclac.
    5. 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.
    6. 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.

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