Co-design for a New East Asia After the Crisis

1. Front Matter

   Pages II-X

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2. Introduction

   • Hitoshi Hirakawa

   Pages 1-8

3. Globalization and Regional Cooperation in East Asia

   • Hitoshi Hirakawa

   Pages 9-43

4. East Asia and the Reorientation of the World Economy: Building a Regional Institutional Infrastructure

   • Eisuke Sakakibara

   Pages 45-49

5. A Free Trade Agreement Policy for the Northeast Asian Countries and ASEAN: A View from People’s Republic of China

   • Angang Hu

   Pages 51-66

6. Asia’s Future: Strategic Economic Cooperation or Balkanization?

   • Walden Bello

   Pages 67-72

7. Economic Development and Regional Cooperation by People’s Republic of China in East Asia

   • Linfei Song

   Pages 73-88

8. Experience and Prospects of Financial Cooperation in ASEAN

   • Pasuk Phongpaichit, Chris Baker

   Pages 89-102

9. Towards a New Framework of Regional Integration in East Asia

   • Young-Ho Kim

   Pages 103-113

10. Back Matter

    Pages 115-123

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East Asia enjoyed a role as a growth center of the world economy from the 1960s until the currency and economic crisis of 1997. In 1993, the World Bank issued a report entitled "The East Asian Miracle: Economic Growth and Public Policy," in which the bank expressed its admiration for the region 's rapid economic develop­ ment. However, within only four years the region had fallen prey to the currency and economic crisis that spread outward from Thailand. In the midst of the crisis, many East Asian countries began at long last to cooperate with one another in order to cope with these unprecedented difficulties and to prevent another crisis. In fact, the East Asian region was an exception throughout the 1990s with re­ spect to regionalism. A surge of regionalism, which began in Europe in the second half ofthe 1980s, spread to North America and Latin America. However, the North­ east Asian region in particular, consisting of Japan, China (People's Republic of China), and Korea (Republic of Korea), did not participate in any kind of regional economic arrangements. Regional cooperation frameworks were limited to coun­ tries belonging to the Association of Southeast Asian Nations (ASEAN) and did not spread to the Northeast Asian region.

• ASEAN
• Asia
• Asia Regionalism
• China
• Co-Design
• East Asia
• Free Agreements
• Monetary Cooperation

• Graduate School of Economics, Nagoya University, Nagoya, Japan

  Hitoshi Hirakawa

• Yuhan College, Korea

  Young-Ho Kim

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