Print page

East Asian Economic Integration

Law, Trade and Finance Edited by Ross P. Buckley, University of New South Wales, Australia, Richard Weixing Hu and Douglas W. Arner, University of Hong Kong
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.
Extent: 352 pp
Hardback Price: $159.00 Web: $143.10
Publication Date: 2011
ISBN: 978 1 84980 868 2
Availability: In Stock
$0.00

Buy the E-Book @ paperback price

Join our mailing list

  • Asian Studies
  • Asian Economics
  • Asian Law
  • Economics and Finance
  • Asian Economics
  • International Economics
  • Law - Academic
  • Asian Law
  • International Economic Law, Trade Law
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.
‘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
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:

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