fbpx Conference on Economic Integration in Asia-Europe | Asian Development Bank

At the forefront of growth and development in Asia and the Pacific

Conference on Economic Integration in Asia-Europe

Event | 18 - 19 June 2019 Bank of Finland, Helsinki, Finland
Time of event

Day 1: 09:00–17:00
Day 2: 09:00–16:30

Background

Economic integration can be classified in five levels: free trade agreements which significantly reduce or abolish tariffs between member countries; customs unions that set common external tariffs; common markets allowing free movement of services and capital across borders but with separate domestic regulations; economic unions (single markets) that remove all tariffs, permit free labor movement, harmonize monetary and fiscal policies, and adopt a common currency; and political unions that are the most advanced form of integration characterized by a common government and reduced sovereignty.

Co-hosted by Bank of Finland and ADBI, this conference will examine the different levels of economic integration in Asian sub-regions and Europe and the impacts on member countries. Points of focus will include the loose economic cooperation based on free trade agreements that predominates in Asia and the creation of a common market in the Association of Southeast Asian Nations (ASEAN). The event will also evaluate the development and future of the European Union (EU) and euro area.

Objectives
  • To compare economic integration experiences in Asia and Europe and assess appropriate degrees of economic integration in these regions.
  • To consider the implications of different economic integration levels across a broad range of policy priorities such as financial regulation, trade and investment, fiscal unions, and energy markets.
Participants

40 policy makers, central bankers, academics, and think tank researchers.

Output

9 research papers to be considered for publication in Asian Economic Papers journal.

How to register

By invitation only

Partners
  • Bank of Finland, Helsinki (co-host)
  • Center for Sustainable Development (CSD), Columbia University, New York
  • Korea Institute for International Economic Policy (KIEP), Seoul
  • Jeffrey Cheah Institute on Southeast Asia (JCI), Sunway University, Kuala Lumpur
  • Economic Research Institute for ASEAN and East Asia (ERIA), Jakarta
  • Antai College of Economics and Management, Shanghai Jiao Tong University, Shanghai
  • Department of Economics, University of California, Davis