Institutions for Asian Integration: Innovation and Reform

Giovanni Capannelli and See Seng Tan
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Giovanni Capannelli: Asian Development Bank Institute
See Seng Tan: Asian Development Bank Institute

No 375, ADBI Working Papers from Asian Development Bank Institute

Abstract: The formation of regional production networks in East Asia has occurred mainly through market forces, without much help from regional institutions in promoting the creation of a single Asian market. While this approach has served the region well in the past, the drastic changes experienced since the 2008–2009 financial crisis and the challenges Asian countries are facing—growing inequalities and competition, on the one hand, and enhanced threats to the environment and people’s health on the other—have rendered more urgent the need for intergovernmental cooperation at global and regional levels. Asia’s institutions for regionalism need strengthening through reform and innovation.

Keywords: asian integration; asian institutions; regional production networks; east asia; single asian market; intergovernmental cooperation (search for similar items in EconPapers)
JEL-codes: F15 F55 F59 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012-08-21
New Economics Papers: this item is included in nep-cwa and nep-sea
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Citations: View citations in EconPapers (2)

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