Economic Integration in East Asia: Trends, Prospects, and a Possible Roadmap

Publication | July 2006

This paper reviews trends and highlights the prospects for enhancing economic integration in East Asia. It also outlines a "multi-track, multi-speed" road map for regional integration.

This paper reviews trends in East Asian regionalism in the areas of trade and investment, money and finance, and infrastructure. It presents various measures of trade and financial integration. An important finding of the paper is that increasing trade and financial integration in the region is now starting to lead to a synchronization of business cycles in a selected group of countries, further enhancing the case for monetary integration among these countries. The paper also outlines a roadmap for East Asian integration.

Additional Details

Author
Type
Series
Subjects
  • Economics
  • Finance sector development
  • Regional cooperation and integration
Countries/Economies
  • China, People's Republic of
  • Hong Kong, China
  • Korea, Republic of
  • Mongolia
  • Taipei,China

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