Handbook on East Asian Economic Integration


Handbook on East Asian Economic Integration

9781788975155 Edward Elgar Publishing
Edited by Fukunari Kimura, Professor, Faculty of Economics, Keio University and Chief Economist, Economic Research Institute for ASEAN and East Asia (ERIA), Indonesia, Mari Pangestu, Managing Director of Development Policy and Partnerships, The World Bank, Washington DC, US, Shandre Mugan Thangavelu, Professor, Jeffrey Cheah Institute for Southeast Asia, Sunway University, Malaysia and Institute for International Trade, University of Adelaide, Australia and Christopher Findlay, Honorary Professor, Crawford School, Australian National University, Australia
Publication Date: 2021 ISBN: 978 1 78897 515 5 Extent: 496 pp
This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as agricultural development, structural transformation and East Asian trade, alongside skills and human capital development policies of ASEAN. Contributors also provide detailed explanations on trade, poverty and Aid for Trade, institutional reforms, regulatory reform and measuring integration.

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This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as digital technology and the environment. Contributors provide detailed explanations of the origins of the topic, tracing the evolution of production networks and guiding readers through contemporary policy issues.

Key Features:

• Trade, poverty and Aid-for-Trade
• Skills and human capital development policies of ASEAN
• Institutional reforms, regulatory reform and measuring integration
• Agricultural development, structural transformation and East Asian trade

The Handbook concludes with a considered review of regional security and discusses how improvements in this area can cause obstructions to economic integration, highlighting future approaches for how these issues can be resolved.

Accessible and engaging, this Handbook will be an excellent resource for scholars of Asian and regional economics and studies. Policymakers within the media and financial institutions will also benefit from the practical case studies and suggested avenues for future policy improvements.
Critical Acclaim
‘The fast-growing countries of East Asia have achieved some of the most spectacular economic achievements of all time. Factory Asia followed a different path from Europe and North America. This book explains how this all came about, by tracking the role of trade, investment, supply chains, connectivity, financial integration and trade agreements, clarifying how all this came together to help change people’s lives. At last we have a comprehensive account, written by leading scholars and policymakers from the region.’
– Alan Bollard, Victoria University of Wellington, New Zealand and past Director, APEC Secretariat, Singapore
Contributors: D.T. Ambaw, A. Ananta, V. Anbumozhi, K. Anderson, E.N. Arifin, S. Armstrong, P. Chacko, A. Elek, C. Findlay, T.T.D. Ha, D. Hanna, K. Hayakawa, I. Isono, K. Jayasuriya, F. Kimura, C. Lee, H. Lee-Makiyama, T. Matsuura, A.C. Melendez, J. Menon, D.A. Narjoko, A. Obashi, M. Pangestu, D. Persyn, P.A. Petri, M.G. Plummer, H. Roelfsema, A. Sheng, K. Shiino, R. Shrestha, S. Tay, S.M. Thangavelu, S. Urata, W. Wang, F. Zhai

Foreword by Hidetoshi Nishimura ix
Acknowledgements xi
List of abbreviations xii
1 Introduction to the Handbook on East Asian Economic Integration: An overview
of shifting paradigm in globalisation, trade, and investment in East Asia 1
Fukunari Kimura, Mari Pangestu, Shandre Mugan Thangavelu, Christopher
Findlay, and Dionisius Narjoko
2 East Asian architecture of integration 21
Mari Pangestu and Shiro Armstrong
3 Modelling Asia-Pacific regional integration 49
Peter A. Petri, Michael G. Plummer, and Fan Zhai
4 Trade in goods with internationalised production activities 66
Toshiyuki Matsuura and Ayako Obashi
5 FDI activities and integration in ASEAN and East Asia 88
Shandre Mugan Thangavelu, Shujiro Urata, and Dessie Tarko Ambaw
6 International population mobility in East Asia 110
Aris Ananta and Evi Nurvidya Arifin
7 Services 137
Christopher Findlay and Hein Roelfsema
8 Agricultural development, structural transformation, and East Asian trade 156
Kym Anderson
9 Institutional reform, regulatory reform, and integration in East Asia 180
Rashesh Shrestha and Ha Thi Thanh Doan
10 Business impediments to economic integration in Southeast Asia 203
Cassey Lee
11 Trade creation and utilisation of regional trade agreements 218
Kazunobu Hayakawa and Kohei Shiino
12 Trade, poverty, and Aid-for-Trade 235
Jayant Menon and Anna Cassandra Melendez
13 Investment in connectivity 257
Andrew Elek and Christopher Findlay
14 Connectivity and the geographical simulation model 273
Ikumo Isono and Damiaan Persyn
15 East Asian financial integration in banking, markets and regulation 299
Donald Hanna and Andrew Sheng
16 Economic integration, climate change, and sustainable development in East Asia 321
Simon Tay
17 Energy transition for fuelling economic integration in East Asia 342
Venkatachalam Anbumozhi
18 Reorganisation of production 366
Fukunari Kimura and Dionisius Narjoko
19 Skills and human capital development policies of ASEAN 390
Shandre Mugan Thangavelu and Wenxiao Wang
20 Digitalisation and market integration 413
Hosuk Lee-Makiyama
21 The economics–security nexus and East Asian integration 435
Priya Chacko and Kanishka Jayasuriya

Index 454
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