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Economic Integration in East Asia and Europe: A Comparison

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  • Pascha, Werner

Abstract

Different starting conditions and decision-making mechanisms of European and East Asian economic integration are identified. They have led to different paths of integration. The EU process had a major impact on political stability in Europe; it has increased economic stability, at the expense of dynamism and possible over-extension, though. East Asia still has rather liquid mechanisms. This allowed it to exploit its economic potentials flexibly, relying on open world markets. With new problems on the multilateral level, East Asia reacts with various moves, increasing intransparency. Both regions have in the past played out their respective advantages well. Both face limits now. The former paths cannot simply be extended, and doubts remain whether convincing regional strategies have already been found.

Suggested Citation

  • Pascha, Werner, 2004. "Economic Integration in East Asia and Europe: A Comparison," Duisburg Working Papers on East Asian Economic Studies 68, University Duisburg-Essen, Asia-Pacific Economic Research Institute (FIP).
    • Handle: RePEc:zbw:udefip:68
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    References listed on IDEAS

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    1. Bernhard Seliger, 2002. "Economic integration in northeast Asia: Preconditions and possible trajectories," Global Economic Review, Taylor & Francis Journals, vol. 31(4), pages 17-38.
    2. Roland Vaubel, 1986. "A public choice approach to international organization," Public Choice, Springer, vol. 51(1), pages 39-57, January.
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    Cited by:

    1. Terk, Eric, 2014. "Practicing catching-up: A comparison of development models of East Asian and Central-Eastern European countries," Discourses in Social Market Economy 2014-02, OrdnungsPolitisches Portal (OPO).

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