Evolving Asian Power Balances and Alternate Conceptions for Building Regional Institutions

Yong Wang ()
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Yong Wang: Center for International Political Economy, Postal: Peking University, Beijing, People's Republic of China, Tel +86 10 62756057, Fax +86 10 62751639

No 68, Working Papers on Regional Economic Integration from Asian Development Bank

Abstract: The paper aims to examine economic interdependence and balancing power politics, and their mixed implications for regional institution building in East Asia based on the concept of common security. By pointing out the gap between the violent conflict prediction and the stability and prosperity reality following the end of the Cold War, the paper gives analysis to the factors affecting the security relations in the region, including (i) the role of the US, (ii) the rise of the PRC, (iii) ASEAN's efforts at regional cooperation, the (iv) the PRC–Japan rivalry. The author concludes that economic interdependence and regional cooperation in Asia have constrained a power struggle from spiraling out of control, while open regionalism has become a reasonable approach to regional institution building. Finally, the paper makes policy recommendations with respect to principles and steps in moving to a new regional security order.

Keywords: East Asia; Regional Cooperation; Power Politics; Balance of Power; Regional Institutions; Common Security (search for similar items in EconPapers)
JEL-codes: F53 F55 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2010-12-01
New Economics Papers: this item is included in nep-cwa, nep-mic and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbrei:0068

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