Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Comments by Fredrik Sjöholm

Comments by Fredrik Sjöholm Comments Comments Fredrik Sjöholm: Northeast Asia has arguably been the most dynamic region in the world over the last half century: different countries in the region have constantly had the highest economic growth, and it accounts for a large and growing share of outward and inward foreign direct investments and for a substantial part of world trade. In view of this rapid development it is surprising that Northeast Asia stands out also in another respect: unlike in all other parts of the world there is no formal regional integration in Northeast Asia. There is, of course, substantial economic integration in the region, driven by multinational companies and with China as a key actor. However, there are no free trade agreements, no customs unions, and no coordinated monetary policy. The main reason for this lack of integration is lack of political commitment and will. Unlike Europe, which managed to integrate despite centuries of wars and conºicts, Northeast Asia has never been able to overcome the deep mistrust that has its main origin in the regional wars and turmoil of the ªrst half of the nineteenth century. The countries have converged economically and politically with the democratization of Taiwan and http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Asian Economic Papers MIT Press

Comments by Fredrik Sjöholm

Asian Economic Papers , Volume 8 (2) – Jun 1, 2009
Download PDF
3 pages

Loading next page...
 
/lp/mit-press/comments-by-fredrik-sj-holm-19Yv4LAKnz

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
MIT Press
Copyright
© 2009 The Earth Institute at Columbia University and the Massachusetts Institute of Technology
ISSN
1535-3516
eISSN
1536-0083
DOI
10.1162/asep.2009.8.2.140
Publisher site
See Article on Publisher Site

Abstract

Comments Comments Fredrik Sjöholm: Northeast Asia has arguably been the most dynamic region in the world over the last half century: different countries in the region have constantly had the highest economic growth, and it accounts for a large and growing share of outward and inward foreign direct investments and for a substantial part of world trade. In view of this rapid development it is surprising that Northeast Asia stands out also in another respect: unlike in all other parts of the world there is no formal regional integration in Northeast Asia. There is, of course, substantial economic integration in the region, driven by multinational companies and with China as a key actor. However, there are no free trade agreements, no customs unions, and no coordinated monetary policy. The main reason for this lack of integration is lack of political commitment and will. Unlike Europe, which managed to integrate despite centuries of wars and conºicts, Northeast Asia has never been able to overcome the deep mistrust that has its main origin in the regional wars and turmoil of the ªrst half of the nineteenth century. The countries have converged economically and politically with the democratization of Taiwan and

Journal

Asian Economic Papers – MIT Press

Published: Jun 1, 2009

There are no references for this article.