Globalisation, Crises and the Emergence of New Asian Regionalism: Genesis and Current Development

Tran Hoa

Chapter 2 in New Asian Regionalism, 2003, pp 9-22 from Palgrave Macmillan

Abstract: Abstract This chapter is focused on the rising trends, heated discussions and growing support, at both the government, business and academic levels, to a new regional economic integration and free trade agreement, namely ASEAN+3 [or ASEAN plus China, Japan and Korea (see ASEAN, 2002)], in Asia and their policy implications. Special attention is paid to the case of the East Asia 3 above as the key players in this new development. An analytical and methodological evaluation, based on historical evidence, is discussed and comments are provided on its plausibility and viability and the proposal of rival models from the international organisations (such as the International Monetary Fund (IMF)). We suggest that our cliometric methodological analysis and forecasting is a useful alternative to studying ASEAN+3 policy issues and can be successfully extended to evaluative studies of other economic integrations and free trade arrangements in Asia, Oceania (e.g. ASEAN+5) and other regions or trading blocs.

Keywords: European Union; International Monetary Fund; Economic Integration; Tradable Commodity; Asia Crisis (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37756-1_2

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DOI: 10.1057/9780230377561_2

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