Asia and South America: A Quasi-Common Economy Approach

Otaviano Canuto and Manu Sharma

World Bank - Economic Premise, 2011, issue 65, 1-7

Abstract: The Asian style of regional integration may be seen as a “quasi-common economy” that eschews a formal linkup in political or monetary terms, but manages to generate similar results by strong physical integration and distributed chains of production and service delivery. This note proposes the Asian quasi-common economy as a benchmark for South America’s regional integration efforts because it is a better fit than the politically driven, broad-based, European style integrative process.

Keywords: Asia; Latin America; South America; monetary Union; Common Economy; regional integration; cooperation; trade agreements; european union; regionalism (search for similar items in EconPapers)
JEL-codes: F15 F2 F4 F42 F43 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Working Paper: Asia and South America: A Quasi-Common Economy Approach (2011)
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