East Asian Regional Economic Integration: A Post-Crisis Update
To the surprise of many analysts, the outbreak of the global financial crisis (GFC) in 2008 did not leave East Asian economies unscathed. The objective of the paper is to examine the implications of the GFC for the regional economic integration process in East Asia, taking into account both the de facto and the de jure dimensions.
To that end, it starts by examining how the region performed during the GFC, before turning to analyze the impact that the crisis has had on various cooperative initiatives in the region, as well as on the direction and intensity of intra-regional trade linkages, with a focus on the potentially changing role of China.
Also available in:
Regions and themes
ISBN / ISSN
Share
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
East Asian Regional Economic Integration: A Post-Crisis Update
Related centers and programs
Discover our other research centers and programsFind out more
Discover all our analysesStrengthening US-EU Cooperation on Technical Standards in an Era of Strategic Competition
Transatlantic ties have had a rough go in recent months. After an unprecedented degree of alignment on Russia in the first half of 2022, including the quick and efficient rollout of a series of groundbreaking sanctions packages, the United States and Europe stepped back into dispute territory with the fallout from measures taken by Washington, notably some key provisions of the pathbreaking Inflation Reduction Act (IRA) passed last summer.
European Union–Republic of Korea Cooperation on Economic Security: Opportunities, Limits and Challenges
This piece is a revised version of a paper presented at the conference on “New Convergences in EU-ROK Economic Security Relations”, organised in Rome on 30 January 2024 by the Istituto Affari Internazionali (IAI).
France Adapts to an Era of Strategic Competition With China
Power and Financial Interdependence
The link between financial self-reliance and geopolitical power has long been debated. The unbalanced Sino-American trade relationship has created asymmetric financial ties which generate potential sources of leverage for both parties and will not quickly disappear. Absent a clarifying major crisis, it will be difficult to definitively determine which party has greater leverage.