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Section C) Regional integration processes |
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Cai Kevin G.
The Politics of Economic Regionalism
Ed.
Palgrave Macmillan
,
2010
Page 216 ISBN 9780230576544
| Economic regionalism has taken a different path in East Asia. In contrast to the government-engineered and highly institutionalized regionalism of Europe and North America, economic regionalism in East Asia started as an autonomous and uninstitutionalized process of rapidly rising intraregional trade and FDI flows, driven by market forces and economic imperatives. Over time, this process gradually involved a new dimension of increasingly institutionalized regional economic cooperation between states in the region, particularly in the wake of the 1997 -98 Asian financial crisis, in response to the changing conditions at the global, regional and national levels brought about by globalization. However, despite such development, Cai demonstrates how a true regional grouping of East Asian states is still far from being formed. |
Description
| Content and Introduction
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| Series: International Political Economy Series |
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