04393nam 2200685Ia 450 991081036580332120240410154004.00-8157-5216-40-8157-9637-4(CKB)2550000000103750(OCoLC)614577992(CaPaEBR)ebrary10063914(SSID)ssj0000737139(PQKBManifestationID)12330518(PQKBTitleCode)TC0000737139(PQKBWorkID)10782572(PQKB)11170008(SSID)ssj0000142574(PQKBManifestationID)11911864(PQKBTitleCode)TC0000142574(PQKBWorkID)10096899(PQKB)11329289(MiAaPQ)EBC3004432(OCoLC)1017610982(MdBmJHUP)muse61401(Au-PeEL)EBL3004432(CaPaEBR)ebr10063914(OCoLC)55942256(EXLCZ)99255000000010375020041018d2004 my 0engurcn|||||||||txtccrEast Asian economic regionalism /Edward J. Lincoln1st ed.New York Council on Foreign Relations ;Washington, D.C. Brookings Institution Pressc20041 online resource (301 p.) Bibliographic Level Mode of Issuance: Monograph9780815752164 0-8157-5217-2 Includes bibliographical references and index.Introduction -- Characteristics of the East Asian region -- Trade links -- Investment links -- Broad regional institutions -- The East Asian alternatives -- More exclusive trade alternatives -- East Asian monetary cooperation -- Regional leadership -- Conclusion and U.S. policy recommendations.A Brookings Institution Press and the Council on Foreign Relations publication Something new is happening across East Asia. A region notable for its lack of internal economic links is discussing regional cooperation on trade, investment, and exchange rates. Because of negotiations elsewhere around the globe on regional trade--such as those that led to the consolidation of the European Union, the formation of the North American Free Trade Area, and the rapid proliferation of bilateral free trade areas--the talk is not surprising. Nevertheless, East Asia's past inertia with regard to forming a regional partnership raises many questions about its emerging regionalism. Why has the region suddenly shifted from taking a global approach to economic issues to discussing a regional bloc? How fast and how far will the new regionalism progress? Will the region become a version of the European Union, or something far less? What is the probable impact on American economic and strategic interests--are the likely developments something that the U.S. government should encourage or discourage? Edward Lincoln takes up these questions, exploring what is happening to regional trade and investment flows and what sort of regional arrangements are the most sensible. Lincoln argues that an exclusive grouping is unlikely. Free trade negotiations have brought some economies in the region together, but they also have led to links with nations outside the region. Some regional governments most notably Japan, continue to have difficulty embracing the concept of free trade, even with favored regional partners. In the wake of the Asian financial crisis, governments also have looked at cooperating on exchange rates, but they have done little to move forward. The U.S. government must decide how to respond to these developments in East Asia. An exclusively Asian form ofregionalism could run counter to American economic interests, and the U.S. government has reacted negatively to some of these proposals in the past. Because trade and investment links between the co.RegionalismEast AsiaEast AsiaEconomic integrationEast AsiaForeign economic relationsEast AsiaCommercial policyRegionalism337.1/5Lincoln Edward J124442MiAaPQMiAaPQMiAaPQBOOK9910810365803321East Asian economic regionalism1108461UNINA