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Globalization and Regional Cooperation in East Asia

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Co-design for a New East Asia After the Crisis

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Abstract

Since the 1990s, the acceleration of globalization has changed the structure of regional economies and is giving rise to a new world economic framework through intensifying the volatility of world financial flows. The region of East Asia enjoyed economic development as an international center of growth through the first half of the 1990s. However, in the second half of the decade, the region was hit by an economic crisis. Then, seeming to have returned to a growth track for a while, economic activity became sluggish. At present, East Asian countries are embarking to varying extents upon difficult structural reforms. Furthermore, there are additional complicating factors, such as the influence of the terrorist attacks of September 11, 2001, in the United States, and the admission of People’s Republic of China (China) to the World Trade Organization (WTO) in November of the same year. Thus, East Asia faces the problem of forming a new international economic and political order in the region.

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Authors
  1. Hitoshi Hirakawa
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Editors and Affiliations

  1. Graduate School of Economics, Nagoya University, Furo-cho, Chikusa-ku, Nagoya, 464-8601, Japan

    Hitoshi Hirakawa (Professor) (Professor)

  2. Yuhan College, Korea

    Young-Ho Kim (President) (President)

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© 2004 Economic Research Center, Graduate School of Economics, Nagoya University

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Hirakawa, H. (2004). Globalization and Regional Cooperation in East Asia. In: Hirakawa, H., Kim, YH. (eds) Co-design for a New East Asia After the Crisis. Springer, Tokyo. https://doi.org/10.1007/978-4-431-65910-5_2

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  • DOI: https://doi.org/10.1007/978-4-431-65910-5_2

  • Publisher Name: Springer, Tokyo

  • Print ISBN: 978-4-431-40126-1

  • Online ISBN: 978-4-431-65910-5

  • eBook Packages: Springer Book Archive

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