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.

The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the dramatic transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how Asia can play a more constructive role in the global economy. Asia is becoming not just the world's factory, but also its leading creditor, and one of its key sources of dynamism and stability. Key questions are identified and addressed in three areas: Asia's growth and productivity, financial stability, and regional economic integration. In each of these areas, the contributing authors evaluate current trends and the forces shaping the future. They consider whether the regions progress is sustainable and what it will take to make it so. How is Asia reshaping its economy in response to the changing global landscape? More urgently, how can Asia weather the severe, global financial and economic stormoriginating from the global credit crisis? How will it extend its gains to people left behind? And how can it contribute to better governance and greater prosperity in the world economy? This book covers new ground by connecting theory, assembling detailed evidence on trends and challenges, and offering forwardlooking policy prescriptions. This timely book will appeal to Asian economic policymakers as well as postgraduate students interested in Asian economics, international economics and regional integration. Staff of international and regional organizations interested in Asian economics will also find this book invaluable.

Embedded in the evolving comparative regionalism literature, this book offers a systematic analysis of the factors positively and negatively influencing regional institution-building. The ruptures caused by the Eurozone crises, the coronavirus pandemic and by Brexit have renewed the interest in the impact of crises and critical junctures on regionalism here defined as regional institution-building. Drawing from critical juncture research and historical comparative analysis, this volume uses the cases of European and East Asian regional institution-building to systematically analyse institutional transformations during specific historical turning points and critical juncture moments. Wunderlich’s research offers an in-depth analysis of the interrelated drivers, spoilers and dissolvers of regional institution-building processes in Europe and East Asia, and addresses key questions including: Under what conditions does regionalism take hold? What is influencing the initial institutional design choices? What is the impact of historical experiences and well-entrenched norms and ideas? What are the roles of regional leaders? How do external factors influence regional institution-building? What turns a crisis into a critical juncture and are such junctures threats or opportunities? What accounts for variations in institutional responses to crisis events across different regional settings? This book will be a valuable resource for scholars of regionalism, region-building, regional governance and international relations of Europe and East Asia.

East Asia is one of the world's most dynamic and diverse regions and is also becoming an increasingly coherent region through the inter-play of various integrative economic, political and socio-cultural processes. Fully updated and revised throughout, this new edition explores the various ways in which East Asian regionalism continues to deepen. The second edition has been expanded to incorporate coverage of significant issues that have emerged in recent years including: Growing tensions in the region over maritime territory and historical issues Competing regional free trade agreement negotiations The impact of the global financial crisis on financial co-operation and engagement with global governance Obama’s ‘pivot to Asia’ and developments in US relations with East Asia The influence of new technology and social media on micro-level regional relations The growing importance of ‘new diplomacy’ issues such as energy security, climate change, food security and international migration. Key pedagogical features include: end of chapter 'study questions' case studies that discuss topical issues with study questions also provided useful tables and figures which illustrate key regional trends in East Asia Extensive summary conclusions covering the chapter's main findings from different international political economy perspectives. East Asian Regionalism is an essential text for courses on East Asian regionalism, Asian politics and Asian economics.

The Routledge Handbook of Asian Regionalism is a definitive introduction to, and analysis of, the development of regionalism in Asia, including coverage of East Asia, Southeast Asia and South Asia. The contributors engage in a comprehensive exploration of what is arguably the most dynamic and important region in the world. Significantly, this volume addresses the multiple manifestations of regionalism in Asia and is consequently organised thematically under the headings of: conceptualizing the region economic issues political issues strategic issues regional organizations As such, the Handbook presents some of the key elements of the competing interpretations of this important and highly contested topic, giving the reader a chance to evaluate not just where Asian regionalism is going but also how the scholarship on Asian regionalism is analysing these trends and events. This book will be an indispensable resource for students and scholars of Asian politics, international relations and regionalism.

Asian countries are undergoing rapid political, economic and social transformations; meanwhile, there is a growing demand for knowing more about Asia. This Major Reference Set is designed to help general readers as well as specialists to have a good grasp of the latest developments in Asia in the key areas of economic growth, trade, energy, environment, foreign policy and security.With 4 volumes, this set covers all major dimensions of Asia's political economy. Contributors include both scholars and practitioners who provide first-hand description and analysis of fundamental issues in Asia.Peace and political stability are of ultimate importance, with Asia at the forefront of wealth creation in the global economy. Volume 1 unpacks and examines the foreign policy strategies of key states and the role of regional institutions in responding to the security demands of an Asian century.Volume 2 studies the strong economic integration through trade and cross-border investment that has been essential to Asia. The region's future prosperity depends on it being able to remain open and outward-looking. As Asia grows larger and richer, more concerted efforts are required to surmount regional rivalry and to further strengthen the regional architecture of economic cooperation.Volume 3 looks at the emerging economies' thirst for energy that creates huge competition, around which domestic, regional, and international political economy unfolds. Climate change and aspiration for sustainable development further complicate the challenge.Volume 4 offers a comprehensive coverage of subjects on environment and sustainable development in Asia with case studies of selected and representative countries that are at different stages of economic development and facing different environment-related problems and challenges in the twenty-first century.This interdisciplinary set is a fine example of international cooperation, with contributors hailing from different parts of Asia as well as North America and Europe. It is a must-have for anyone keen on understanding Asia's dynamic and changing scene.

This book examines China's response to the 2007-2008 global financial crisis, and the resulting new status acquired by China within the international economy. It considers the things China did to weather the crisis, discussing the stimulus package put in place by China and how China's banks coped, but above all examines the measures which countries outside China look to China to put in place in order to better encourage and secure world-wide economic recovery, measures such as currency revaluation, tax reform and greater stimulation of domestic demand. The book contrasts China's response to the crisis, and China's increasingly central role in the world economy, with the responses of the European Union. The book also assesses China's increasingly important regional role, in particular its dialogue with the new Japanese government, and China's positioning towards Southeast Asia, and also discusses the growth of Chinese foreign direct investment.

Functional integration in the economy has developed sufficiently in Northeast Asia. This study proposes a Northeast Asian version of the regional integration model. It suggests a crisis model and a political leadership model, with political leadership playing a critical role in utilizing crises to advance regional integration.

To convey the image of a responsible power willing to contribute to regional stability and cooperation, China has shifted from a single-minded preference for bilateralism to an active participation in East Asian regionalism in the recent decades. This development has inspired discussions over whether a rising China could play a leadership role in building an institutionalized architecture for regional cooperation in East Asia. Nevertheless, this has not happened as East Asian regional cooperation and relevant activities remain mostly ad hoc and informal, especially when compared to regions such as Europe. To what extent has China contributed or constrained the development of regionalism in East Asia? What are China’s desired roles and objectives in East Asian regional cooperation? What is the level of trust that other regional players have for China in regional cooperation? This book seeks answers to these questions by exploring China’s motivations and strategic calculations as well as its policy practices in East Asian economic and security cooperation. This book was published as a special issue of the Journal of Contemporary China.

This book contributes to the theoretical and empirical literature on Asian regionalism, with a focus on the innovations needed to reform the current institutional architecture in Asia. After reviewing the key issues and challenges related to the political economy of Asia’s economic cooperation and integration, the book discusses various aspects of regionalism from political and economic perspectives. It looks at the rationale for regional collective action and reviews the trend of economic integration with a focus on the implications of the global financial crisis. In addition to reviewing the key issues related to the development of regional institutions for integration, the book analyzes issues such as trade and finance and deals with the implications of regionalism in terms of the introduction of domestic reforms in Asian countries before discussing the possible formation of a region-wide economic community. The eight chapters of the book are based on respective papers initially prepared for the Asian Development Bank Institute Conference 2010.