Abstract
The spectacular economic growth of Japan, the Asian newly industrializing economies (NIEs) and some members of ASEAN has been achieved through the expansion of trade, investment and other economic ties in the Asia-Pacific region. This expansion has taken place without a formal regional institutional framework comparable to that of either the EC or the OECD. Recently, however, there has been much speculation about these fast-growing countries — South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, Indonesia and the Philippines — forming a regional bloc centred on Japan in response to the EC and North American economic integration.1
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Notes
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Fukai, S. (1994). Prospects for an Asian Trade Bloc: Japan, the Association of South-east Asian Nations and the Asian Newly Industrializing Economies. In: Mason, T.D., Turay, A.M. (eds) Japan, NAFTA and Europe. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-23627-5_8
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