Economic Integration in Asia and Europe: Lessons and Policies

Asia and Europe have taken differing approaches to economic integration, with Asia choosing loose economic cooperation based on bilateral and regional economic agreements, such as on trade, investment, and financial integration, and Europe choosing to strengthen institutionalization. The Association of Southeast Asian Nations is the only regional grouping pursuing integration toward a common market in Asia, while Europe is otherwise integrated through the European Union and its single currency. Economic Integration in Asia and Europe highlights the important economic integration trends and processes in the two regions.

Covering wide-ranging perspectives on regional economic integration, this book provides extensive explanations on how integration has progressed globally and generated benefits for trade, economic growth, and regional development, drawing from the experiences, lessons learned, and best practices from Asia and Europe. The discussions are based on analytical approaches, regional comparisons, and case studies, with the goal of deepening economic integration in support of higher endogenous growth.

The book aims to derive policy implications and recommendations that readers can utilize as a reference for the design of policy frameworks and research on economic integration. It offers an essential resource for government officials, policy makers, and scholars and comprises 27 chapters in six main parts: perspectives and approaches, fiscal and monetary integration and safety nets, disintegration, regional initiatives and case studies, energy and the environment, and financial inclusion and legal approaches.