Hardback
East Asian Economic Integration
Law, Trade and Finance
9781849808682 Edward Elgar Publishing
This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia.
More Information
Critical Acclaim
Contributors
Contents
More Information
This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia.
East Asia has achieved a high degree of intra-regional trade, investment and GDP correlation, through an expanding web of free trade agreements and production networks. However, financially, most regional economies are linked more closely to North America and Europe than to each other. As trade integration has accelerated, financial and monetary integration has not kept pace. East Asian Economic Integration analyses potential reasons and remedies for this phenomenon through a multidisciplinary framework of law, politics and economics.
This comprehensive book will appeal to researchers and students in political science, international relations, trade law, international finance law, and regional studies generally. It will also be of great interest to regional policy makers.
East Asia has achieved a high degree of intra-regional trade, investment and GDP correlation, through an expanding web of free trade agreements and production networks. However, financially, most regional economies are linked more closely to North America and Europe than to each other. As trade integration has accelerated, financial and monetary integration has not kept pace. East Asian Economic Integration analyses potential reasons and remedies for this phenomenon through a multidisciplinary framework of law, politics and economics.
This comprehensive book will appeal to researchers and students in political science, international relations, trade law, international finance law, and regional studies generally. It will also be of great interest to regional policy makers.
Critical Acclaim
‘This book offers a fascinating exploration of the contradictions of East Asian economic integration: a topic of enormous contemporary significance to observers of world political and economic affairs. The collection provides an unusually rigorous and systematic treatment of this important topic, drawing on contributions from an impressive array of experts. It will provide a valuable resource for students, scholars and other observers seeking deeper understanding of the contemporary dynamics and challenges of East Asian integration.’
– Kate MacDonald, University of Melbourne, Australia
‘East Asia is a crucial part of the global economy. This book analyses three key elements of East Asian economic integration: trade, investment and international finance. The authors are leading experts in their fields. Their book represents an important addition to the literature on a subject of fundamental importance both regionally and globally.’
– Bradly J. Condon, ITAM, Mexico City
– Kate MacDonald, University of Melbourne, Australia
‘East Asia is a crucial part of the global economy. This book analyses three key elements of East Asian economic integration: trade, investment and international finance. The authors are leading experts in their fields. Their book represents an important addition to the literature on a subject of fundamental importance both regionally and globally.’
– Bradly J. Condon, ITAM, Mexico City
Contributors
Contributors: D.W. Arner, R.P. Buckley, H. Gao, R.W. Hu, P. Lejot, C.L. Lim, B. Mercurio, M. Mushkat, R. Mushkat, J. Nakagawa, C.-Y. Park, I. Sohn, L. Toohey, N. Vu, T.H. Yen
Contents
Contents:
Introduction
Ross P. Buckley, Richard Weixing Hu and Douglas W. Arner
PART I: THE CHANGING REGIONAL ORDER AND DYNAMICS FOR COOPERATION
1. China, the US and Regional Institution Building in East Asia
Richard Weixing Hu
2. Who’s Afraid of Asian Trade Regionalism, and Why?
C.L. Lim
3. Endemic Institutional Fragility in the Face of Dynamic Economic Integration in Asia: The Case of Transboundary Pollution in Hong Kong
Miron Mushkat and Roda Mushkat
PART II: TRADE INTEGRATION
4. Japan’s FTA (EPA) and BIT Strategy in the Light of Competitive Dynamics
Junji Nakagawa
5. China’s Strategy for Free Trade Agreements: Political Battle in the Name of Trade
Henry Gao
6. Bilateral and Regional Trade Agreements in Asia: A Skeptic’s View
Bryan Mercurio
7. When ‘Failure’ Indicates Success: Understanding Trade Disputes between ASEAN members
Lisa Toohey
8. East Asian Investment Treaties in the Integration Process: Quo Vadis?
Trinh Hai Yen
PART III: FINANCIAL INTEGRATION
9. Global Financial Regulatory Reforms: Implications for East Asia
Douglas W. Arner and Cyn-Young Park
10. Legitimacy and Power: The Political Dynamics of East Asian
Financial Regionalism
Injoo Sohn
11. Institutional Completeness in the Chiang Mai Initiatives
Paul Lejot
12. Beyond the Multilateralized Chiang Mai Initiative: An Asian Monetary Fund
Ross P. Buckley
13. The Evolving Role of the Asian Development Bank in the Creation of an Asian Currency Unit
Nhu Vu
Conclusion
Richard Weixing Hu, Douglas W Arner and Ross P. Buckley
Index
Introduction
Ross P. Buckley, Richard Weixing Hu and Douglas W. Arner
PART I: THE CHANGING REGIONAL ORDER AND DYNAMICS FOR COOPERATION
1. China, the US and Regional Institution Building in East Asia
Richard Weixing Hu
2. Who’s Afraid of Asian Trade Regionalism, and Why?
C.L. Lim
3. Endemic Institutional Fragility in the Face of Dynamic Economic Integration in Asia: The Case of Transboundary Pollution in Hong Kong
Miron Mushkat and Roda Mushkat
PART II: TRADE INTEGRATION
4. Japan’s FTA (EPA) and BIT Strategy in the Light of Competitive Dynamics
Junji Nakagawa
5. China’s Strategy for Free Trade Agreements: Political Battle in the Name of Trade
Henry Gao
6. Bilateral and Regional Trade Agreements in Asia: A Skeptic’s View
Bryan Mercurio
7. When ‘Failure’ Indicates Success: Understanding Trade Disputes between ASEAN members
Lisa Toohey
8. East Asian Investment Treaties in the Integration Process: Quo Vadis?
Trinh Hai Yen
PART III: FINANCIAL INTEGRATION
9. Global Financial Regulatory Reforms: Implications for East Asia
Douglas W. Arner and Cyn-Young Park
10. Legitimacy and Power: The Political Dynamics of East Asian
Financial Regionalism
Injoo Sohn
11. Institutional Completeness in the Chiang Mai Initiatives
Paul Lejot
12. Beyond the Multilateralized Chiang Mai Initiative: An Asian Monetary Fund
Ross P. Buckley
13. The Evolving Role of the Asian Development Bank in the Creation of an Asian Currency Unit
Nhu Vu
Conclusion
Richard Weixing Hu, Douglas W Arner and Ross P. Buckley
Index
