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Instability in Europe and Its Impact on Asia

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  • Sahoko Kaji

Abstract

In the present paper, we discuss three unintended consequences of European Integration; the division between the pro‐ and anti‐integrationists, doubts on the benefits of the free movements and the burden of the welfare state. Since 2017, Europe has regained confidence and optimism has returned due to sustained economic recovery and election victories of prointegration politicians, most notably in France. The European Union is embarking on co‐operation in defense and security, providing a new reason to support integration. Uncertainty over Brexit and immigration remain among the causes for grave concern. But Europe and Japan have taken a joint stance against protectionism, while Asia is yet to decide whether to do so as an integrated entity.

Suggested Citation

  • Sahoko Kaji, 2018. "Instability in Europe and Its Impact on Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 243-257, July.
    • Handle: RePEc:bla:asiapr:v:13:y:2018:i:2:p:243-257
    DOI: 10.1111/aepr.12223
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    References listed on IDEAS

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    1. Dhingra, Swati & Ottaviano, Gianmarco I. P. & Sampson, Thomas & Reenen, John Van, 2016. "The consequences of Brexit for UK trade and living standards," LSE Research Online Documents on Economics 66144, London School of Economics and Political Science, LSE Library.
    2. Sahoko Kaji & Ryuichiro Izumi, 2016. "Regional Integration and Financial Regulation," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 12(2), pages 291-316, March.
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    Cited by:

    1. Takatoshi Ito, 2018. "Changing International Financial Architecture: Growing Chinese Influence?," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 192-214, July.
    2. Takatoshi Ito & Kazumasa Iwata & Colin McKenzie & Shujiro Urata, 2018. "Changing Global Financial and Trading Systems and Asia: Editors’ Overview," Asian Economic Policy Review, Japan Center for Economic Research, vol. 13(2), pages 177-191, July.

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