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East Asian and European Economic Integration: A Comparative Analysis

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Abstract

This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn in order to smooth the future paths of the two groups. On the EU side, institutions, structural policies, and the monetary union are most relevant, and in East Asia, production networks, trade, and financial cooperation. Both entities are presently facing difficult challenges to progress and growth.

Suggested Citation

  • Capannelli, Giovanni & Filippini, Carlo, 2009. "East Asian and European Economic Integration: A Comparative Analysis," Working Papers on Regional Economic Integration 29, Asian Development Bank.
    • Handle: RePEc:ris:adbrei:0029
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    File URL: http://aric.adb.org/pdf/workingpaper/WP29_East_Asian_and_European_Economic_Integration.pdf
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    References listed on IDEAS

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    1. Shujiro Urata, 2004. "The Shift from "Market-led" to "Institution-led" Regional Economic Integration in East Asia in the late 1990s," Discussion papers 04012, Research Institute of Economy, Trade and Industry (RIETI).
    2. Charles WYPLOSZ, 2006. "Deep Economic Integration: Is Europe a Blueprint?," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 259-279.
    3. Athukorala, Prema-chandra & Yamashita, Nobuaki, 2006. "Production fragmentation and trade integration: East Asia in a global context," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 233-256, December.
    4. Siow Yue CHIA, 2006. "Labor Mobility and East Asian Integration," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 349-367.
    5. Kwanho Shin & Chan-Hyun Sohn, 2006. "Trade and Financial Integration in East Asia: Effects on Co-movements," The World Economy, Wiley Blackwell, vol. 29(12), pages 1649-1669, December.
    6. Capannelli, Giovanni & Lee, Jong-Wha & Petri, Peter, 2009. "Developing Indicators for Regional Economic Integration and Cooperation," Working Papers on Regional Economic Integration 33, Asian Development Bank.
    7. Ando, Mitsuyo, 2006. "Fragmentation and vertical intra-industry trade in East Asia," The North American Journal of Economics and Finance, Elsevier, vol. 17(3), pages 257-281, December.
    8. McKinnon, Ronald I., 1979. "Money in International Exchange: The Convertible Currency System," OUP Catalogue, Oxford University Press, number 9780195024098.
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    Cited by:

    1. Carolina SMOCHINA & Tatiana CERNEI, 2012. "The process of europeanisation reviewed: the implication of the court of justice of the European Union," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 179-184, May.

    More about this item

    Keywords

    East Asia; European Union; regional integration; economic cooperation;

    JEL classification:

    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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