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New Regionalism in East Asia: How Does It Relate to the East Asian Economic Development Model?

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Abstract

In recent years a new regionalism has begun to emerge in East Asia that represents a clear break from the region's strong history of multilateralism. The countries of East Asia have been giving more attention to ways of expanding intra regional trade that include: the establishment of regional trade agreements (RTAs) such as ASEAN+3; plans to establish a free trade area involving the economies of ASEAN and China; as well as moves towards bilateral trade agreements (BTAs). This paper focuses upon the meaning and implications of this new regionalism for the "old" EADM, and explores the key ingredients of an emerging "new" EADM growth and development paradigm, incorporating the new regionalism, that appears to be emerging in the wake of the 1997-98 crisis.

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  • Harvie, Charles & Lee, Hyun-Hoon, 2002. "New Regionalism in East Asia: How Does It Relate to the East Asian Economic Development Model?," Economics Working Papers wp02-10, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp02-10
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    Cited by:

    1. Fithra Faisal Hastiadi, 2012. "China-Japan-Korea (CJK)'s FTA Strategy towards ASEAN Countries: A Game Theoretical Approach," Working Papers in Economics and Business 201210, Faculty of Economics and Business, University of Indonesia, revised Oct 2012.
    2. Fithra Faisal Hastiadi, 2012. "The Determinants of China-Japan-Koreas Vertical Intra Industry Trade to ASEAN4 countries," Working Papers in Economics and Business 201205, Faculty of Economics and Business, University of Indonesia, revised May 2012.
    3. Hall, Chris & Harvie, Charles, 2003. "A Comparison of the Performance of SMEs in Korea and Taiwan: Policy Implications for Turbulent Times," Economics Working Papers wp03-05, School of Economics, University of Wollongong, NSW, Australia.
    4. Tran Van Hoa, 2007. "ASEAN3+India Trade Relations," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, vol. 1(4), pages 341-357, December.
    5. Tran Van Hoa, 2012. "ASEAN-India Economic, Trade and Integration Relations: Modelling the Challenges and Opportunities," Journal of Quantitative Economics, The Indian Econometric Society, vol. 10(1), pages 121-135, January.
    6. Tran Van Hoa, 2003. "New Asian Regionalism: Evidence of ASEAN+3 Free Trade Agreement From Extended Gravity Theory and New Modelling Approach," Economics Working Papers wp03-03, School of Economics, University of Wollongong, NSW, Australia.
    7. Shigehisa Kasahara, 2013. "The Asian Developmental State And The Flying Geese Paradigm," UNCTAD Discussion Papers 213, United Nations Conference on Trade and Development.
    8. Fithra Faisal Hastiadi, 2010. "Making East Asian Regionalism Works," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 13(1), pages 103-124, July.
    9. Fithra Faisal Hastiadi Author_Email:, 2011. "East Asian Regionalism: The Way Forward," 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding 2011-153, Conference Master Resources.
    10. Hyun-Hoon Lee & Peter J. Lloyd & Chung-Mo Koo, 2002. "New Regionalism in East Asia and its Relationship with the WTO and APEC," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 5(2), pages 87-103, September.
    11. Fithra Faisal Hastiadi, 2011. "East Asian Regionalism: The Need For Asean+3 Fta," Journal of Global Business and Economics, Global Research Agency, vol. 3(1), pages 31-56, July.
    12. Tran Van Hoa, 2004. "Australia-Thailand Free Trade Agreement: Challenges and Opportunities for Bilateral Trade Policy and Closer Economic Relations," Economics Working Papers wp04-12, School of Economics, University of Wollongong, NSW, Australia.

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    Keywords

    new regionalism; East Asia; East Asian economic development model;
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