REGIONS AND CRISES: EUROPEAN AND ASIAN ECONOMIC GOVERNANCE

Petr Blizkovsky ()
Additional contact information
Petr Blizkovsky: European Union, Postal: Director, DG B2 (Rural Development and Food Security), General Secretariat of the Council of the European Union, Rue de la Loi 175, 1048 Brussels, Belgium

Journal of Regional Development and Planning, 2013, vol. 2, issue 1, 1-14

Abstract: Macro-regions are experiencing regional crises. Interestingly, macro-regions are also able to react in terms of policy responses. This article addresses economic governance against the backdrop of two macro-regional cooperation models, in the European Union and in ASEAN. Economic governance is arguably the critical missing element in the current economic globalisation. The gap between market-driven sources - which contributed massively in the last decades to welfare gains globally, and to Asia in particular –and suboptimal regulatory coordination is a risky element. There is an absence of efficient economic governance or cooperation at the macro-regional level and globally. The European Union and ASEAN are examples of two different models of economic governance. Both of them represent an unfinished project. Nevertheless, they both offer experience from which global economic governance or economic governance in other macro-regions can benefit. In the end, the question is not whether there is a need for global economic governance but rather: governance of what, between whom and how far it should go.

Keywords: Regional Cooperation; EU; ASEAN; Economic Governance (search for similar items in EconPapers)
JEL-codes: E61 F53 F55 H00 P52 R10 R11 R50 R58 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.jrdp.in/archive/2_1_1.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:jrdpin:0011

Access Statistics for this article

Journal of Regional Development and Planning is currently edited by Rajarshi Majumder

More articles in Journal of Regional Development and Planning from Rajarshi Majumder Journal of Regional Development and Planning, c/o Rajarshi Majumder, University of Burdwan, Golapbag, Burdwan, INDIA - 713104.
Bibliographic data for series maintained by Rajarshi Majumder ().