Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.
'This book offers a fascinating exploration of the contradictions of East Asian economic integration: a topic of enormous contemporary significance to observers of world political and economic affairs. The collection provides an unusually rigorous and systematic treatment of this important topic, drawing on contributions from an impressive array of experts. It will provide a valuable resource for students, scholars and other observers seeking deeper understanding of the contemporary dynamics and challenges of East Asian integration.' - Kate MacDonald, University of Melbourne, Australia 'East Asia is a crucial part of the global economy. This book analyses three key elements of East Asian economic integration: trade, investment and international finance. The authors are leading experts in their fields. Their book represents an important addition to the literature on a subject of fundamental importance both regionally and globally.' - Bradly J. Condon, ITAM, Mexico City This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia. East Asia has achieved a high degree of intra-regional trade, investment and GDP correlation, through an expanding web of free trade agreements and production networks. However, financially, most regional economies are linked more closely to North America and Europe than to each other. As trade integration has accelerated, financial and monetary integration has not kept pace. East Asian Economic Integration analyses potential reasons and remedies for this phenomenon through a multidisciplinary framework of law, politics and economics. This comprehensive book will appeal to researchers and students in political science, international relations, trade law, international finance law, and regional studies generally. It will also be of great interest to regional
Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.
East Asian economic integration is on the rise. In the past decade, all of the region's powers have begun negotiating free trade agreements with their neighbors. They are also exploring broader regional options, such as the creation of an East Asian summit or free trade area. These developments have not always been welcomed by observers in other parts of the world. Some fear that they mark a turn away from integration into the global economy and herald the emergence of a closed, inward-looking bloc. In this timely and important book, Naoko Munakata offers an alternative perspective, based on her experience as an economic official and trade negotiator over the past 20 years. East Asian integration, she argues, is not driven by defensiveness or anti-Western sentiment. Instead, it reflects pragmatic calculations of economic interest, as well as a desire for mutual trust and a sense of community. Munakata makes her case by analyzing developments in the region since the mid-1980s, highlighting such important factors as the evolution of Asia-Pacific Economic Cooperation (APEC), the impact of the 1997-98 Asian financial crisis, and the rise of China. She also outlines possible future scenarios for the region and offers policy prescriptions for building on regionalism's achievements to date. Over the coming decades, the rise of China, its relationship with Japan, and the institutional arrangements that bind those countries to the United States and the countries of East and Southeast Asia will become critical factors in the global balance of power. Transforming East Asia is essential reading for anyone seeking to understand the roots of this transformation.
The Regional Comprehensive Economic Partnership (RCEP) aims to achieve greater integration between the ASEAN region and its six free trade agreement (FTA) partners (India, China, Japan, Australia, New Zealand and Korea). The RCEP is the only agreement to include three economies which are among the seven biggest economies of the world—China, Japan and India. The book opens with an introduction to the current status of economic integration and factors that would affect it and looks at key issues like non-tariff barriers, evolving investment regulations in China (in the context of FTAs), connectivity initiatives to integrate the region, rules of origin in the context of value chain integration in selected sectors as well as region-specific aspects of South Asia and South East Asia which would shape the regional economic architecture going forward. With an attempt to cover key imperatives, the book concludes by noting primary impediments to easier trade and investment flows in the region, highlighting possible policy recommendations to improve economic integration.
The growth of world trade has been stagnant in recent times; trade liberalisation now has been challenged. The recent rise of anti-globalisation calls for a better integration in East Asia. How should East Asia manage its openness? This book provides profound analyses on rules of origins, non-tariff measures, restrictiveness in services and investment. It gives insight into how East Asian countries should shape its trade, investment and industrial policies. This book helps to answer what kind of a better integration it should be, and how East Asia can realise it.
The book offers such significantly in-depth evidence of the tremendous complexities involved in PRC-ROC relations that scholars and policymakers alike will greatly appreciate its broader applicability to current comparative research on contemporary East Asia. Lisa Fischler, East Asia Integration Studies Professor Chow has put together an excellent collection of papers analyzing some of the most important political and economic issues in East Asia. The focus is on Taiwan, but several chapters deal separately with the United States, China, North Korea, Japan, and the EU. This is a very useful publication for those interested in contemporary East Asia. Thomas J. Bellows, The University of Texas at San Antonio, US and Editor, American Journal of Chinese Studies The US policy of supporting a democratic Taiwan while simultaneously engaging China is a delicate and complex balance, with outcomes critical to economic, security and strategic interests in Asia. At the same time, rising Taiwanese identity amid the emerging power of China continues to change the paradigm. The contributors to this volume explore the political and economic dimensions of this complicated and pressing issue. Whether the US China relationship evolves as one of strategic partners or strategic competitors will significantly affect power relations between Washington, Beijing and Taipei. More generally, it will set the tone for peace, stability and prosperity in the Asia Pacific. Peter Chow examines the potential crisis, as well as mitigating influences, by investigating political, economic and security considerations affecting cross-Taiwan Strait relations. He presents broad coverage of recent changes of policy in Taiwan, China and the US, with special emphasis on the adjustments of American policy on Taiwanese identity amid its democratization. An overall evaluation of current US policies toward China based on realism and idealism illustrates the shifting US China Taiwan relations. This insightful treatment will be of great interest to students and scholars of international relations, political economy, foreign relations, Asian studies, political science and economics. Civic leaders and representatives of interest groups involved with US China Taiwan relations will find the volume of great value in their work.
"Connecting" and "distancing" have been two prominent themes permeating the writings on the historical and contemporary developments of the relationship between Southeast Asia and China. As neighbours, the nation-states in Southeast Asia and the giant political entity in the north communicated with each other through a variety of diplomatic overtures, political agitations, and cultural nuances. In the last two decades with the rise of China as an economic powerhouse in the region, Southeast Asia's need to connect with China has become more urgent and necessary as it attempts to reap the benefit from the successful economic modernization in China. At the same time, however, there were feelings of ambivalence, hesitation and even suspicions on the part of the Southeast Asian states vis-a-vis the rise of a political power which is so less understood or misunderstood. The contributors of this volume are authors of various disciplinary backgrounds: history, political science, economics and sociology. They provide a spectrum of perspectives by which the readers can view Sino-Southeast Asia relations.
East Asia is now experiencing significant economic growth and social change. Integration of East Asia seems an irresistible trend, as East Asian countries are closely interdependent with each other and share many common interests in economic development. This book analyzes the cooperation and challenges of East Asian countries in the process of integration. It includes 15 chapters in four sections. The first section discusses the impact of East Asia cooperation and economic integration. The second section emphasizes the election of political leadership in East Asia. The third section covers the topics of East Asian cultural identity, history and norms. The fourth section studies the relationship between East Asia and the World. The chapters are selected from two Trilateral symposia held in Seoul and Shanghai in 2013 and 2014, respectively. The Symposia offer comprehensive and diversified views of scholars from China, Korea and Japan.
