Institutions for Asian Integration: Innovation and Reform

Giovanni Capannelli and See Seng Tan
Additional contact information
Giovanni Capannelli: Asian Development Bank Institute (ADBI)

Governance Working Papers from East Asian Bureau of Economic Research

Abstract: The formation of regional production networks in East Asia has occurred mainly through market forces, without much help from regional institutions in promoting the creation of a single Asian market. While this approach has served the region well in the past, the drastic changes experienced since the 2008–2009 financial crisis and the challenges Asian countries are facing—growing inequalities and competition, on the one hand, and enhanced threats to the environment and people’s health on the other—have rendered more urgent the need for intergovernmental cooperation at global and regional levels. Asia’s institutions for regionalism need strengthening through reform and innovation such as better governance and resourcing, greater and more effective participation and delegation of powers, overall streamlining of regional architecture, including the phasing out of outdated or irrelevant institutions and, where needed, the creation of new ones. Ultimately, given its rootedness in regional order, institutional efficacy is a function of the ability and willingness of its members, especially influential stakeholders, to collaborate.

Keywords: Asian integration; regional institutions; Regionalism; Asian market; intergovernmental cooperation; regional production networks (search for similar items in EconPapers)
JEL-codes: F15 F55 F59 (search for similar items in EconPapers)
Date: 2012-08
New Economics Papers: this item is included in nep-cwa
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.eaber.org/node/23326 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.eaber.org/node/23326 [301 Moved Permanently]--> https://www.eaber.org/node/23326 [301 Moved Permanently]--> https://eaber.org/node/23326)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eab:govern:23326

Access Statistics for this paper

More papers in Governance Working Papers from East Asian Bureau of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Shiro Armstrong ().