Regional Economic Governance and the Internationalization of Capital

  • Faris Al-Fadhat
Part of the Critical Studies of the Asia-Pacific book series (CSAP)


This chapter provides a theoretical framework for analyzing the social forces and political coalitions shaping the trajectories of regional economic integration projects, and how this is caused by the capitalist transformation. The key to the theoretical argument here is to explain the form and structure of regional economic integration as the consequence of the internationalization of capital. The framework developed in this chapter emphasizes that the internationalization process of capital accumulation does not mean that the state becomes less important in the regional economic project development. Rather, the state plays a substantial political and economic role in mediating the process of internationalization. It is worth emphasizing that the scale of capital expansion is located at the international level, but the process of accumulation is always bound to a specific space and governed within the territorial boundaries of the ‘national state’.


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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Faris Al-Fadhat
    • 1
  1. 1.Department of International RelationsUniversitas Muhammadiyah YogyakartaBantulIndonesia

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