ECONOMIC INTEGRATION IN EAST ASIA AND EUROPE: LESSONS FROM A COMPARATIVE ANALYSIS

Giovanni Capannelli () and Carlo Filippini ()
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Giovanni Capannelli: Office of Regional Economic Integration, Asian Development Bank, 6, ADB Avenue, Mandaluyoung City, Metromanila, Philippines
Carlo Filippini: Dipartimento di Economia Politica, Universita' L. Bocconi, Via Sarfathi, 25, 20136 Milano, Italy

The Singapore Economic Review (SER), 2010, vol. 55, issue 01, 163-184

Abstract: This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn to smooth the future paths of the two groups. The most relevant lessons on the EU side rely on strong institutionalization, structural policies, and the monetary union. Lessons from East Asia can be found in regional production networks, trade patterns, and the recent developments in financial cooperation. Both entities are presently facing difficult challenges to progress and growth.

Keywords: East Asia; European Union; regional integration; economic cooperation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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DOI: 10.1142/S0217590810003651

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