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Economic Integration in East Asia

Perspectives from Spatial and Neoclassical Economics Edited by Masahisa Fujita, President, Research Institute of Economy, Trade and Industry, Professor, Konan University and Professor, Kyoto University, Japan, Satoru Kumagai, Research Fellow, Institute of Developing Economies, Japan External Trade Organization (JETRO) and Koji Nishikimi, Senior Research Fellow, Institute of Developing Economies, Japan External Trade Organization (JETRO)
Increasing numbers of free trade and economic partnership agreements have been concluded among many countries in East Asia, and economic integration has progressed rapidly on both a de facto and de jure basis. However, as the authors of this book argue, integration may intensify regional inequalities in East Asia and so this process has attracted much attention of late. Will it actually succeed in achieving greater economic growth or will it in fact cause growing regional disparity?
In Association with the Institute of Developing Economies, JETRO
Extent: 360 pp
Hardback Price: $164.00 Web: $147.60
Publication Date: 2008
ISBN: 978 1 84720 912 2
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  • Asian Studies
  • Asian Development
  • Asian Economics
  • Development Studies
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Asian Economics
  • Development Economics
  • Economic Geography
  • Regional Economics
  • Geography
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  • Regional Economics
Increasing numbers of free trade and economic partnership agreements have been concluded among many countries in East Asia, and economic integration has progressed rapidly on both a de facto and de jure basis. However, as the authors of this book argue, integration may intensify regional inequalities in East Asia and so this process has attracted much attention of late. Will it actually succeed in achieving greater economic growth or will it in fact cause growing regional disparity? This book presents a clear picture of East Asian integration, focusing on various aspects including:

• the structure of intra-regional trade
• industrial location patterns – especially of multinational enterprises
• the formation of industrial agglomeration
• the development of political and institutional frameworks for integration.

Economic Integration in East Asia addresses these issues from the perspectives of both spatial and neoclassical economics. As the book highlights, if the regional disparities continue to grow, this may constitute a fatal obstacle to deepening integration and the growth potential of East Asia.

With its focus firmly on recommendations for the future, this book will be of great interest to academics and researchers of development, Asian studies and economic geography as well as development specialists in government and international organizations involved in East Asian integration.
Contributors: Z. Chen, M. Fujita, T. Gokan, N. Hamaguchi, I. Isono, Y. Jin, H.Y. Kim, A. Kuchiki, S. Kumagai, M. Lu, K. Nishikimi, Y. Otsuji, K. Shinoda, A.J. Venables, L.A. Winters, L. Yueh
Contents:

Preface

1. Introduction
Masahisa Fujita, Satoru Kumagai and Koji Nishikimi

PART I: BASIC VIEWPOINTS ON EAST ASIAN ECONOMIC INTEGRATION
2. Regional Integration in East Asia: Perspectives of Spatial and Neoclassical Economics
Masahisa Fujita and Nobuaki Hamaguchi

3. Specialization and Agglomeration Forces of Economic Integration
Koji Nishikimi

PART II: GENERAL VIEWS ON EAST ASIAN ECONOMIC INTEGRATION
4. Industrial Clustering and MNE Management in East Asia: Recent Progress and Prospects for the Asian Triangle Akifumi Kuchiki

5. Evolution of Institutions and Policies for Economic Integration in East Asia: History and Prospects
Yoshihiro Otsuji and Kunihiko Shinoda

6. Economic Integration in Asia: European Pespectives
Anthony J. Venables, L. Alan Winters and Linda Yueh

PART III: CASE STUDIES OF EAST ASIAN ECONOMIC INTEGRATION
7. Structure and Determinants of Intra-Regional Trade in East Asia
Satoru Kumagai

8. Location Choices of Korean MNEs in East Asia: Escaping the Nutcracker
Ho Yeon Kim

9. Location Choices of Japanese MNEs in East Asia
Toshitaka Gokan

10. Economic Opening and Industrial Agglomeration in China
Zao Chen, Yu Jin and Ming Lu

11. The Home Market Effect in ASEAN Countries
Ikumo Isono

Index