Asian Economic Integration in an Era of Global Uncertainty

• Main Author: Pacific Trade and Development Conference
• Other Authors: Armstrong, Shiro, Westland, Tom
• Format: Book
• Language: English
• Published: ANU Press
• Subjects: Trade > Asia Pacific; Development > Asia Pacific; Pacific; Bulwark; North Atlantic
• Online Access: http://hdl.handle.net/1885/142829; https://doi.org/10.22459/AEIEGU.01.2018; https://openresearch-repository.anu.edu.au/bitstream/1885/142829/2/9781760461751-b-thumb-asian_economic_0.jpg.jpg

The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country. Overview and issues / Shiro Armstrong and Tom Westland -- Asian economic integration: The state of play / Mari Pangestu and Shiro Armstrong -- The global setting for Asian economic integration / Pascal Lamy -- Decoupling Asia revisited / Cyn-Young Park -- Financial liberalisation and trade: An examination of moving up value chains in the Asia–Pacific region / Wendy Dobson and Tom Westland -- Evolution of production networks in the Asia–Pacific region: A vision in value-added and employment dimensions / Hubert Escaith, Satoshi Inomata and Sébastien Miroudot -- The ASEAN Economic Community and the East Asian agenda / Somkiat Tangkitvanich and Saowaruj Rattanakhamfu -- India’s Asian trade strategy / Dhiraj Nayyar -- East Asia’s transformation and regional architecture / Ponciano Intal, Jr -- Evaluation of regional economic integration in East Asia / Shen Minghui