ASEAN Integration in 2030: United States Perspectives

Pek Koon Heng
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Pek Koon Heng: Asian Development Bank Institute

No 367, ADBI Working Papers from Asian Development Bank Institute

Abstract: The paper argues that United States (US) participation in the East Asia Summit (EAS)—regional integration architecture led by the Association of Southeast Asian Nations (ASEAN)—was motivated by four changes in the regional economic landscape: (i) the Asian financial crisis of 1997 and emergence of the ASEAN+3 grouping; (ii) the rise of the People’s Republic of China (PRC) as the leading regional growth engine and an active player in regional integration arrangements; (iii) the failure of the Asia-Pacific Economic Cooperation (APEC) arrangement to foster trade liberalization in the region; and (iv) the inability of the World Trade Organization (WTO) Doha Development Round to lower global trade barriers significantly.

Keywords: east asia summit; eas; asean; asian financial crisis; wto; doha development round (search for similar items in EconPapers)
JEL-codes: F13 F15 F18 F55 F59 (search for similar items in EconPapers)
Pages: 23 pages
Date: 2012-07-06
New Economics Papers: this item is included in nep-cwa and nep-sea
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