 Economic Integration in Asia: Trends and PoliciesJohn Malcolm Dowling and Pradumna Bickram Rana Chapter 11 in Asia and the Global Economic Crisis, 2010, pp 213-229 from Palgrave Macmillan Abstract: Abstract While the dynamism of East Asia and the emergence of China and India as major players in the global economy are frequently discussed and debated in academic literature and popular press, much less attention has been placed on Asian economic integration and the rapid increase in Pan-Asian1 trade and investment.2 Unlike in Europe, this process is being led mainly by market forces (which enhance efficiency in production and augment dynamic gains through trade) with government-related regional cooperation policies also starting to play a role more recently. The rapid increase in Pan-Asian trade has made growth and development in Asia more dynamic and self-sustained. A regionally integrated but globally connected Asia is starting to emerge. As the experience with the ongoing global economic crisis has shown, Asia has not yet “de-coupled” completely from the OECD. Asian countries are, however, becoming more symmetric and business cycles are becoming more synchronized. Keywords: East Asian Country; Free Trade Agreement; South Asian Country; Global Economic Crisis; Framework Agreement (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30702-5_11 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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