New East Asian Regionalism

Causes, Progress and Country Perspectives

Edited by Charles Harvie, Associate Professor and Director, Centre for Small Business and Regional Research, University of Wollongong, Australia, Fukunari Kimura, Professor, Faculty of Economics, Keio University, and Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Indonesia and Hyun-Hoon Lee, Professor, Kangwon National University, Korea

East Asian countries – currently the most dynamic region of the global economy – have recently pursued trade liberalization through the adoption of various forms of bilateral and plurilateral Free Trade Agreements (FTAs). The book explores the key issues and possible outcomes arising from this departure from the region’s traditional multilateral approach to trade liberalization. Implications of this new approach for the region as a whole, and key participating individual economies and blocs of economies, are emphasized.

‘The authors in this book discuss the recent upsurge of regional economic integration in the East Asian region, covering basic background, the structural characteristics of the integration, country-specific perspectives, and monetary cooperation. The virtue of the book lies not only in dealing with the Asian regionalism in a comprehensive way but also in providing many insightful analyses of its impacts on global supply, production, and distribution networks. Moreover, it analyzes monetary integration, and suggests some policy implications of the common currency basket as a means to provide stable regional integration.’
– Young-Han Kim, Journal of Regional Science