East Asian Regional Economic Integration: A Post-Crisis Update
To the surprise of many analysts, the outbreak of the global financial crisis (GFC) in 2008 did not leave East Asian economies unscathed. The objective of the paper is to examine the implications of the GFC for the regional economic integration process in East Asia, taking into account both the de facto and the de jure dimensions.
To that end, it starts by examining how the region performed during the GFC, before turning to analyze the impact that the crisis has had on various cooperative initiatives in the region, as well as on the direction and intensity of intra-regional trade linkages, with a focus on the potentially changing role of China.
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East Asian Regional Economic Integration: A Post-Crisis Update
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