Document Type
Journal Article
Publisher
Edith Cowan University
Faculty
Faculty of Business and Law
School
School of Accounting, Finance and Economics
RAS ID
12946
Abstract
Globalisation or regionalisation is arguably the most popular concept used to describe the rapid growth of intra-regional trade and capital flows as well as the political and social linkages associated with increasing economic integration in the East Asian region. However, it might be a surprise to note that regionalisation is relatively a recent event in East Asia. In comparison with the European experience, regional integration in East Asia has occurred in the absence of a formal institutional framework, and is market-driven in nature. Policies such as preferential trading arrangements have traditionally not played much of a role in the integration of the region. Since the early 1990s, especially since the outbreak of the 1997 East Asian financial crisis, there has been a shift from non-preferential to a preferential route to trade liberalisation, and the East Asian region began moving towards more formalised preferential agreements and regionalisation.
Access Rights
free_to_read
Comments
This is an Author's Accepted Manuscript of: De Grauwe, P., & Zhang, Z. (2011). Introduction Globalisation and Economic Integration in East Asia. International Journal of Business Studies , 19(1), 1-5. Available here