Role of Regional Institutions in East Asia

Zhang Yunling

Chapter 11 in Moving Toward A New Development Model For East Asia-The Role of Domestic Policy and Regional Cooperation, pp 337-365 from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: Institutional building in East Asia has plaid an important role in nurturing the regional cooperation spirit, promoting the economic integration and cooperation. ASEAN has developed highest level of the institutional building in East Asia, there other regional institutions, like 5 “10+1”FTAs, CJK cooperation framework with the secretariat, East Asia Summit including 18 members, Chang Mai Initiative framework with AMRO, newly initiated RCEP, as well as the research institution ERIA. In order to enhance the regional governance and meet new challenges, East Asia needs make more efforts on facilitating the process of the institutional building and strengthen the role the regional institutions, not just for economic development, but also for making the new regional relations.

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