The influence of economics and politics on the structure of world trade and investment flows

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The Asia Pacific region, and the East Asia region in particular, have seen rapid growth and economic integration at an unprecedented speed and depth. The only other region with comparably deep links is Europe. Asia is characterized by market-driven integration and regionalization, whereas integration in Europe was institution led (Drysdale 1988; ADB 2008). In Europe, economic integration followed political cooperation. This contrasts starkly with East Asia where economic integration was the product of market forces, and occurred despite political tensions and often without the facilitation of formal diplomatic ties.
    Original languageEnglish
    Title of host publicationThe Politics and the Economics of Integration in Asia and the Pacific
    Editors Shiro Armstrong
    Place of PublicationUSA
    PublisherRoutledge, Taylor & Francis Group
    Pages65-91
    Edition1st
    ISBN (Print)9780415690423
    DOIs
    Publication statusPublished - 2011

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