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East Asian Regional Cooperation: Approaches and Processes

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  • Austria, Myrna S.

Abstract

East Asia has been caught with regionalism in recent years. There has been a proliferation of bilateral and regional trading arrangement initiatives across the region. Long known for their support to the multilateral framework under the WTO, the leading economies in the region (Japan, South Korea, China and Singapore) have been pursuing bilateral arrangements with other economies within and outside the region. The ASEAN is also at the center stage of these initiatives. Such a development is a big contrast to the trading landscape in the region prior to the end of the last millennium. What explains this new interest in finding new arrangements for cooperation? And where will this lead East Asia? This paper attempts to address these questions. In particular, the paper examines the factors behind the growing sense of regionalism in the region; analyzes the approaches and processes of regional cooperation, highlighting the elements and features that distinguish and set the region apart from the other major regional cooperation in the world; and explores the possibilities of where will the growing regional cooperation initiatives lead East Asia.

Suggested Citation

  • Austria, Myrna S., 2003. "East Asian Regional Cooperation: Approaches and Processes," Discussion Papers DP 2003-02, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2003-02
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    References listed on IDEAS

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    1. Richard E. Baldwin, 1997. "The Causes of Regionalism," The World Economy, Wiley Blackwell, vol. 20(7), pages 865-888, November.
    2. Austria, Myrna S., 2002. "The Philippines in the Global Trading Environment: Looking Back and the Road Ahead," Discussion Papers DP 2002-15, Philippine Institute for Development Studies.
    3. Jagdish Bhagwati, 1992. "Regionalism versus Multilateralism," The World Economy, Wiley Blackwell, vol. 15(5), pages 535-556, September.
    4. Anne O. Krueger, 1999. "Are Preferential Trading Arrangements Trade-Liberalizing or Protectionist?," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 105-124, Fall.
    5. John Whalley, 1999. "Developing Countries in the Global Economy: A Forward Looking View," CSGR Working papers series 36/99, Centre for the Study of Globalisation and Regionalisation (CSGR), University of Warwick.
    6. Ethier, Wilfred J, 1998. "The New Regionalism," Economic Journal, Royal Economic Society, vol. 108(449), pages 1149-1161, July.
    7. Sam Laird, 1999. "Regional Trade Agreements: Dangerous Liaisons?," The World Economy, Wiley Blackwell, vol. 22(9), pages 1179-1200, December.
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    Cited by:

    1. Avila, John Lawrence V., 2004. "A Comparative Study of Bilateral FTA/CEP Arrangements," Discussion Papers DP 2004-28, Philippine Institute for Development Studies.
    2. Pasadilla, Gloria, 2004. "East Asian Cooperation: The ASEAN View," Discussion Papers DP 2004-27, Philippine Institute for Development Studies.

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