EAST ASIAN REGIONAL INTEGRATION: THE JOURNEY SINCE THE FAILURE OF THE EAEG

Farizal Razalli ()
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Farizal Razalli: Assistant Vice President, Khazanah Nasional Berhad

IBT Journal of Business Studies (JBS), 2009, vol. 5, issue 1, 30-49

Abstract: The failure of the East Asia Economic Group EAEG was more than a foreign policy failure for Malaysia.It actually shed light on the political realities in the region.The proposed EAEG excluded all the regions Western partners.Viewed as a bloc against the West and under strong pressure from Washington, all countries in the region, including Japan supposedtobe leader, unanimously disapproved the idea.This paper seeks to understand the contemporary development of the regional integration process in East Asia.The following two main questions are posited 1 can linkages be established between the idea of EAEG and the later developments of East Asian regionalization process ASEAN + 3? 2 Can the approach of exclusive regionalization work in todays East Asia? The analysis shows that the tendency toward exclusive regionalization is rather strong.The research, however, questions the plausibility of such an exclusive regionalization given the regions everstrong interdependence with extraregional partners across political, economic, and security domains.

Keywords: East Asia; EAEG; ASEAN; Regional Integration (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aib:ibtjbs:v:5:y:2009:i:1:p:30-49

DOI: 10.46745/ilma.ibtjbs.2009.51.4

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