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The Global Economic Crisis and East Asian Regionalism

The Global Economic Crisis and East Asian Regionalism
Author: Saori Katada
Publisher: Routledge
Total Pages: 120
Release: 2013-09-13
Genre: Social Science
ISBN: 1135712441

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Regional cooperation in East Asia on various issue areas, such as emergency liquidity mechanisms in finance, the exponential growth of free trade agreements and policy coordination on the environment and public health, developed rapidly after the Asian Financial Crisis. A decade later, the global financial crisis offered a new opportunity for the nascent regional cooperation mechanisms to acquire new depth and meaning - this time, however, in a very different context due to the unfaltering rise of China. How have inter-state cooperation mechanisms, which were devised originally to deal with the problems of the past crisis, fared in the recent global economic turbulence? Can regional integration effectively insulate East Asia from the vagaries of the international market? Should East Asian nations heed the call for regionalism or globalism? This volume not only offers one of the first assessments of how the global economic crisis has affected the prospects for regional integration in East Asia, but it also addresses a number of long-standing debates of interest to East Asian specialists, economists and policymakers: Are crises catalysts for revamping developmental models? Do they provide solid foundations for regional solidarity and integration? Can they help catapult countries into the global limelight? This book was originally published as a special issue of The Pacific Review.


Future of Regional Cooperation in Asia and the Pacific

Future of Regional Cooperation in Asia and the Pacific
Author: Bambang Susantono
Publisher: Asian Development Bank
Total Pages: 536
Release: 2020-11-01
Genre: Political Science
ISBN: 9292624938

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This book reviews progress with regional cooperation and integration in Asia and the Pacific and explores how it can be reshaped to achieve a more resilient, sustainable, and inclusive future. Consisting of papers contributed by renowned scholars and Asian Development Bank staff, the book covers four major areas: public goods, trade and investment, financial cooperation, and regional health cooperation. The book emphasizes how the region can better leverage regional integration to realize its vast potential as well as overcome challenges such as the coronavirus disease (COVID-19) pandemic.


On East Asian Regional Cooperation I

On East Asian Regional Cooperation I
Author: Zhang Yunling
Publisher: Routledge
Total Pages: 241
Release: 2019-06-18
Genre: Political Science
ISBN: 1351242156

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The book intents to locate the process and effectiveness of cooperation in East Asia, to regard the construction of the East Asian community as the ideal, to see the contradictions and difficulties in construction as the reality, and to identify the actual development and achievement as the choice and effort between the two. The year of 1997 saw the Asian financial crisis, which turned out to be a disaster but also opened up an opportunity for East Asia to establish cooperation mechanisms. Starting with the crisis, this book examines the origin and development of the East Asian cooperation movement. More importantly, it investigates the obstacles and resistance, and provides insights into the cooperation within East Asia in the context of unstable political environments. Specifically, it expounds the East Asian Free Trade Area, monetary cooperation, as well as the cooperation within Northeast Asian and Asia-Pacific regions.


Monetary and Financial Cooperation in East Asia

Monetary and Financial Cooperation in East Asia
Author: Masahiro Kawai
Publisher: OUP Oxford
Total Pages: 255
Release: 2015-04-02
Genre: Business & Economics
ISBN: 0191023582

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The global financial crisis and the Eurozone crisis have led to a profound rethink in East Asia about the international monetary system and regional monetary and financial integration. After the East Asian crisis of 1997, deeper regional cooperation was seen as the way to avoid reliance on the IMF and the rest of the world. Steps were taken, but they were limited because of disagreements reflecting regional rivalries. Still, integration into the global financial system and Europe's regional process were seen as objectives to be adapted to East Asia, as detailed in an overview chapter. The crises have shaken this strategy but also revealed the pre-existing deep disagreements. This book presents contributions by scholars from different countries. Each one was invited to describe the vision of their policymakers. The traidtional rivalry between China and Japan, the region's largest economies, reveals Chinese confidence into its rising power and Japanese growing doubts about its ability to weigh on the debate. For opposite reasons, both display a declining interest into regional cooperation. Korea and the ASEAN countries do not wish to choose between the regional powers but remain attached to regional cooperation and integration. They look for pragmatic solutions that recognize the value-chain characteristic of trade. Additional contributions by US and European scholars provide evaluations of the global and Eurozone crises and of their relevance for East Asian integration.


Asian Regional Governance

Asian Regional Governance
Author: Kanishka Jayasuriya
Publisher: Routledge
Total Pages: 355
Release: 2004-07-31
Genre: Political Science
ISBN: 1134355351

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Jayasuriya looks at the changing global and domestic political economies shaping the new regionalism in Asia, and examines the relationship between regional domestic, political and economic structures and forms of regional governance. Well-known contributors in the field focus on the impact of globalization on Asian regionalism, new security challenges, monetary cooperation, sovereignty, democratization, industry policy and China's engagement with southeast Asia. Providing a detailed overview of the conceptual foundations of regional governance, this text is an indispensable resource for all who want to understand the emerging dynamics of regionalism in the Asia Pacific.


East Asian Financial Cooperation

East Asian Financial Cooperation
Author: C. Randall Henning
Publisher: Peterson Institute for International Economics
Total Pages: 156
Release: 2002
Genre: Business & Economics
ISBN:

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This study examines the case for and against regional financial arrangements in East Asia, describes the Chiang Mai Initiative, compares it to financial arrangements in other regions. It speaks specifically to the concerns of American, European and multilateral organizations, assessing the pros and cons for the global system of such regional financial arrangements.


Regional Cooperation and China's Strategy Towards East Asia

Regional Cooperation and China's Strategy Towards East Asia
Author: Qianqian Liu
Publisher: Paths International Ltd
Total Pages: 198
Release: 2013-01-01
Genre: Political Science
ISBN: 1844642283

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China's strategy towards East Asian regional cooperation since the Asian Financial Crisis of 1997-98Since the Asian Financial Crisis of '97-98 China has taken a leading role in East Asian economic cooperation initiatives, centred around the powerful ASEAN Plus Three mechanism (The Association of Southeast Asian Nations, plus South Korea, Japan and China). This brand new book from the International Poverty Reduction Centre of China's Qianqian Liu outlines exactly how and why China has pursued economic and diplomatic cooperation throughout the post-crisis years. Methodical and richly detailed, it offers a unique empirical analysis of China's actions and involvements with ASEAN Plus Three and the East Asian Summit.Author Qianqian Liu's integrated theoretical approach captures and pieces together the intricacies of Chinese interactions with its East Asian partners - enabling the reader to better understand the dynamics of China's regional behaviour and foreign policy. Together with research-based insight and data covering all aspects of this critical subject, the author proposes two key assertions. Firstly that China-US relations have played a significant part in China's increasingly cooperative approach to China-East Asia relations. And secondly, that China has maximised mechanisms of regional economic cooperation as a means of enhancing its influence in East Asia.Key features and benefits:- Unveils China's perspectives on regional cooperation by extensively exploring Chinese source material and materials - information only now available thanks to increased openness and liberalisation- Offers a key contribution to wider theoretical debates on China's rise and regional intensions- Examines the vital interconnections between the key contemporary International Relations theories - realism, liberalism and constructivism - rather than examining them as separate elements to help fully explain China's strategies and goals- Analytical coverage of China's involvement with both ASEAN Plus Three and the East Asia Summit- Offers comparisons between European regionalism and East Asian regionalism- Reveals Chinese perspectives on how China-US relations have helped shape China's approach to East Asia economic cooperationRegional Cooperation and China's Strategy Towards East Asia is published as part of a brand new series from Paths International, China and International Organisations Series. Published in association with China's Social Sciences Academic Press. Contents: 1, Introduction2, The Historical Development of East Asia and the Rise of China before 19973, The Asian Financial Crisis, China's Accession to the WTO and China's Participation in Regional Cooperation from 1997 to 19994, China's Regional Strategy from the end of 1999 to the end of 20055, China's Participation in Regional Cooperation in East Asia from the end of 2005 to mid-2009 6, Conclusions


Financial Development and Cooperation in Asia and the Pacific

Financial Development and Cooperation in Asia and the Pacific
Author: Edward K. Y. Chen
Publisher: Routledge
Total Pages: 235
Release: 2014-11-13
Genre: Business & Economics
ISBN: 1134639120

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The 1997–8 Asian financial crisis exposed weaknesses in the region’s national financial systems, but since then East Asia has become the world’s most dynamic economic region. Domestic financial systems have developed, cross-border financial flows within the region are growing apace as demand from governments and large firms increases and as the capabilities of financial institutions develop, and governments have initiated regional cooperation aimed at preventing future crises and managing them if they occur. This book examines the economies of Asia and the Pacific with reference to financial reform and liberalization, monetary policy frameworks, banking and capital markets, regulation and supervision and macroeconomic policies. Further, it asks what lessons have been learned from both the Asian financial crisis and the recent financial crisis, how to engender financial stability in the region, and how to ensure that the benefits of economic growth and financial development reach all members of society. Across four key sections, the chapters examine the future implications of historical studies of the relationships between financial development and growth; financial development including banks, non-bank financial institutions and capital markets; how financial stability is being sought in the region; and China’s plans for capital account opening and renminbi internationalization and subsequent the policy implications for China’s neighbours. This book draws on papers originally presented to the 36th Pacific Trade and Development Conference held in Hong Kong in 2013, and features contributions from leading academics and economists from around the world. As such, it will be of great interest to students and scholars of Asian economics, Asia Pacific studies, international economics and international finance.