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Economic Integration In East Asia And Europe: Lessons From A Comparative Analysis

Author

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  • GIOVANNI CAPANNELLI

    (Office of Regional Economic Integration, Asian Development Bank, 6, ADB Avenue, Mandaluyoung City, Metromanila, Philippines)

  • CARLO FILIPPINI

    (Dipartimento di Economia Politica, Universita' L. Bocconi, Via Sarfathi, 25, 20136 Milano, Italy)

Abstract

This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn to smooth the future paths of the two groups. The most relevant lessons on the EU side rely on strong institutionalization, structural policies, and the monetary union. Lessons from East Asia can be found in regional production networks, trade patterns, and the recent developments in financial cooperation. Both entities are presently facing difficult challenges to progress and growth.

Suggested Citation

  • Giovanni Capannelli & Carlo Filippini, 2010. "Economic Integration In East Asia And Europe: Lessons From A Comparative Analysis," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 55(01), pages 163-184.
    • Handle: RePEc:wsi:serxxx:v:55:y:2010:i:01:n:s0217590810003651
    DOI: 10.1142/S0217590810003651
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    References listed on IDEAS

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    Cited by:

    1. Capannelli, Giovanni & Tan, See Seng, 2012. "Institutions for Asian Integration: Innovation and Reform," ADBI Working Papers 375, Asian Development Bank Institute.
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    3. Vo, Nguyen Ngoc Thao & Nguyen, Thai Vu Hong & Phan, Duc Hong Thi, 2022. "Earnings management and bank risk-taking behavior in Asia-Pacific region," Research in International Business and Finance, Elsevier, vol. 63(C).
    4. Zhenni Yang & Christopher Gan & Zhaohua Li, 2019. "Role of Bank Regulation on Bank Performance: Evidence from Asia-Pacific Commercial Banks," JRFM, MDPI, vol. 12(3), pages 1-25, August.

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