Asia's New Institutional Architecture


Book Description

Can regional and interregional mechanisms better institutionalize the - creasing complexity of economic and security ties among states in Nor- east, Southeast, and South Asia? As the international state system und- goes dramatic changes in both security and trade relations in the wake of the Cold War’s end, the Asian financial crisis, and the attacks of Sept- ber 11, 2001, this question is now of critical importance to both academics and policymakers. Still, little research has been done to integrate the ana- sis of both regional security and economic dynamics within a broader c- text that will give us theoretically informed policy insights. Indeed, when we began our background research on the origin and e- lution of Asia’s institutional architecture in trade and security, we found that many scholars had focused on individual subregions, whether Nor- east, Southeast or South Asia. In some cases, scholars examined links - tween Northeast and Southeast Asia, and the literature often refers to these two subregions collectively as “Asia”, artificially bracketing South Asia. Of course, we are aware that as products of culture, economics, history, and politics, the boundaries of geographic regions change over time. Yet the rapid rise of India and its increasing links to East Asia (especially those formed in the early 1990s) suggest that it would be fruitful to examine both developments within each subregion as well as links across subregions.




New Global Economic Architecture


Book Description

Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroecon




Asia's Regional Architecture


Book Description

During the Cold War, the U.S. built a series of alliances with Asian nations to erect a bulwark against the spread of communism and provide security to the region. Despite pressure to end bilateral alliances in the post-Cold War world, they persist to this day, even as new multilateral institutions have sprung up around them. The resulting architecture may aggravate rivalries as the U.S., China, and others compete for influence. However, Andrew Yeo demonstrates how Asia's complex array of bilateral and multilateral agreements may ultimately bring greater stability and order to a region fraught with underlying tensions. Asia's Regional Architecture transcends traditional international relations models. It investigates change and continuity in Asia through the lens of historical institutionalism. Refuting claims regarding the demise of the liberal international order, Yeo reveals how overlapping institutions can promote regional governance and reduce uncertainty in a global context. In addition to considering established institutions such as the Association of Southeast Asian Nations and the Asia-Pacific Economic Cooperation, he discusses newer regional arrangements including the East Asia Summit, Trans-Pacific Partnership, and the Belt and Road Initiative. This book has important implications for how policymakers think about institutional design and regionalism in Asia and beyond.




Asia's New Multilateralism


Book Description

Traditionally, stability in Asia has relied on America's bilateral alliances with Japan, Australia, and the Republic of Korea. Yet in recent years, emergent and more active multilateral forums& mdash;such as the Six-Party Talks on North Korea and the East Asia Summit& mdash;have taken precedence, engendering both cooperation and competition while reflecting the local concerns of the region. Some are concerned that this process is moving toward less-inclusive, bloc-based "talking shops" and that the future direction and success of these arrangements, along with their implications for global and regional security and prosperity, remain unclear. The fifteen contributors to this volume, all leading scholars in the field, provide national perspectives on regional institutional architecture and their functional challenges. They illuminate areas of cooperation that will move the region toward substantive collaboration, convergence of norms, and strengthened domestic institutions. They also highlight the degree to which institution building in Asia& mdash;a region composed of liberal democracies, authoritarian regimes, and anachronistic dictatorships& mdash;has become an arena for competition among major powers and conflicting norms, and assess the future shape of Asian security architecture., reviewing a previous edition or volume




The Political Economy of Asian Regionalism


Book Description

This book contributes to the theoretical and empirical literature on Asian regionalism, with a focus on the innovations needed to reform the current institutional architecture in Asia. After reviewing the key issues and challenges related to the political economy of Asia’s economic cooperation and integration, the book discusses various aspects of regionalism from political and economic perspectives. It looks at the rationale for regional collective action and reviews the trend of economic integration with a focus on the implications of the global financial crisis. In addition to reviewing the key issues related to the development of regional institutions for integration, the book analyzes issues such as trade and finance and deals with the implications of regionalism in terms of the introduction of domestic reforms in Asian countries before discussing the possible formation of a region-wide economic community. The eight chapters of the book are based on respective papers initially prepared for the Asian Development Bank Institute Conference 2010.




Institutions of the Asia-Pacific


Book Description

The Asia-Pacific region is home to the world's largest economies and some of its most volatile strategic relationships. But for all its geopolitical importance, it has generally failed to develop the sorts of powerful and effective institutions that are found in Western Europe. This book explains why and considers the prospects for future institutional development in this pivotal region




The United States and Northeast Asia


Book Description

Since World War II, the United States has played a crucial role in shaping Northeast Asian politics and economics. However, as this authoritative book shows, the Cold War's demise, September 11, and America's major strategic realignments have unleashed seismic changes in the region. China's rise, Japan's quest for a normal state, and the North Korean nuclear quagmire are also potential flashpoints. Collective memories of past aggression as well as resurgent nationalism further complicate regional dynamics. But hopeful signs abound, as deepening economic interdependence, expanding social and cultural exchanges, and the proliferation of informal economic, social, and cultural networks have improved the chances for a peaceful evolution to a liberal and stable region. Contributions by: Vinod K. Aggarwal, Paul Bacon, Avery Goldstein, G. John Ikenberry, Takashi Inoguchi, Ki-Jung Kim, Myongsob Kim, Woosang Kim, Yongho Kim, Min Gyo Koo, Michael Mastanduno, Chung-in Moon, Katharine H. S. Moon, Seung-won Suh, and William C. Wohlforth




Island Disputes and Maritime Regime Building in East Asia


Book Description

islands has emotional content far beyond any material significance because giving way on the island issue to Japan would be considered as once again compromising the sovereignty over the whole Korean peninsula. For Japan, the Dokdo issue may lack the same degree of strategic and economic values and emotional appeal as the other two territorial disputes that Japan has had with Russia and the two Chinas – namely the Northern Territories/Southern Kurile Islands and the Senkaku Islands, respectively. Nevertheless, fishing resources and the maritime boundary issues became highly salient with the introduction of UNCLOS. Also, the legal, political, and economic issues surrounding Dokdo are all intertwined with Japan’s other territorial disputes to the extent that concessions of sovereignty on any of these island disputes could jeopardize claims or negotiations concerning the rest. South Korea and Japan have forged a deeper diplomatic and economic partn- ship over the past decade. A new spirit of partnership after the landmark joint declaration of 1998 culminated in the successful co-hosting of the World Cup 2002. At the end of 2003 the two neighbors began to negotiate an FTA to further strengthen their already close economic ties. South Korea’s decades-long embargo on Japanese cultural products has now been lifted, while a number of South Korean pop stars are currently sweeping across Japan, creating the so-called “Korean Wave” fever. A pragmatic calculation of national interests would thus suggest cooperative behavior.




China and East Asian Regionalism


Book Description

To convey the image of a responsible power willing to contribute to regional stability and cooperation, China has shifted from a single-minded preference for bilateralism to an active participation in East Asian regionalism in the recent decades. This development has inspired discussions over whether a rising China could play a leadership role in building an institutionalized architecture for regional cooperation in East Asia. Nevertheless, this has not happened as East Asian regional cooperation and relevant activities remain mostly ad hoc and informal, especially when compared to regions such as Europe. To what extent has China contributed or constrained the development of regionalism in East Asia? What are China’s desired roles and objectives in East Asian regional cooperation? What is the level of trust that other regional players have for China in regional cooperation? This book seeks answers to these questions by exploring China’s motivations and strategic calculations as well as its policy practices in East Asian economic and security cooperation. This book was published as a special issue of the Journal of Contemporary China.




East and South-East Asia


Book Description

The economic growth of East and South-East Asia in the context of the global financial crisis has strengthened the view that this region is emerging in the 21st century as the most economically vibrant region in the world. With some of the largest economies, and generally high economic growth rates compared to the rest of the world, it is unsurprising that East and South-East Asia has become the subject of global interest. East Asia’s rise inevitably focuses attention on the issue of China’s emergence as a regional and global power. Such a prospect challenges the current status quo, in which the region is dominated by the USA and its regional allies, and issues in Sino-US strategic relations have raised global awareness of the need to understand this pivotal region better. In addition, the Taiwan issue continues to evoke nationalist sentiments in China, and North Korea continues to threaten regional stability. Non-traditional (or alternative) security issues are also of major importance in the region, including natural disasters and epidemics, as well as challenges relating to human rights and governance, transnational crime, demographic issues, economics and trade and regionalism. This Handbook aims to offer an insight into these issues. The volume is divided into two main sections. The first, International Relations and Security Perspectives, will focus on the international relations of the region, paying special attention to the key state players. The chapter contributions will examine the security perspectives, and foreign and defence policies of these states, as well as key bilateral relationships. The second section will examine key Regional Non-traditional Security Issues, including globalization, transnational health challenges, population growth and the environment.