New Regionalism in East Asia: How Does It Relate to the East Asian Economic Development Model?

Charles Harvie and Hyun-Hoon Lee

Chapter 4 in New Asian Regionalism, 2003, pp 40-71 from Palgrave Macmillan

Abstract: Abstract In recent years a new regionalism has begun to emerge in East Asia that represents a clear break from the region’s strong history of multilateralism. Such a development is important given that an export led growth and development strategy provided the platform for the region’s remarkable, and prolonged, period of high and sustained economic growth dating back to the 1960s, and that lies at the core of the EADM. Export growth will remain a key ingredient for the recovery of the region after the financial and economic crisis of 1997/98. The trend towards this new regionalism, the reasons for it, its impact upon the region, its future evolution and prospects are, therefore, of profound regional, and indeed global, significance.

Keywords: European Union; Foreign Direct Investment; Gross Domestic Product; World Trade Organisation; Real Exchange Rate (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1057/9780230377561_4

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