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Regional Developments in East Asia: International Political Economy Series

Eugene Powell

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Published in The Political Economy Of Pacific Russia: Regional Developments In East Asia (International Political Economy Series)

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The International Political Economy Series is a prestigious academic series that publishes original, peer-reviewed research on the international political economy of East Asia. The series is edited by a team of leading scholars in the field, and it has published over 60 books to date. The books in the series cover a wide range of topics, including trade, investment, finance, development, and security. They provide cutting-edge analysis of the most important issues facing East Asia in the 21st century.

The Political Economy of Pacific Russia: Regional Developments in East Asia (International Political Economy Series)

by Ryan S. Walters

4.3 out of 5

Language	:	English
File size	:	1133 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	285 pages

Recent Developments in East Asian Regionalism

In recent years, East Asia has emerged as one of the most dynamic and economically integrated regions in the world. The region is home to some of the world's largest and fastest-growing economies, and it is playing an increasingly important role in global trade, investment, and finance. This economic integration has been accompanied by a growing sense of regionalism, as countries in the region have sought to cooperate on a wide range of issues, including trade, investment, and security.

One of the most important recent developments in East Asian regionalism is the creation of the Regional Comprehensive Economic Partnership (RCEP). The RCEP is a free trade agreement between the 10 members of the Association of Southeast Asian Nations (ASEAN) and five other countries: China, Japan, South Korea, Australia, and New Zealand. The RCEP is the largest free trade agreement in the world, and it is expected to boost trade and investment in the region. The RCEP is also seen as a step towards the eventual creation of an East Asian Economic Community.

Another important development in East Asian regionalism is the growing cooperation between China and Japan. China and Japan are the two largest economies in East Asia, and they have a long history of economic and political competition. However, in recent years, the two countries have begun to cooperate more closely on a range of issues, including trade, investment, and security. This cooperation is seen as a positive development for regional stability and economic growth.

Challenges to East Asian Regionalism

Despite the progress that has been made in East Asian regionalism, there are still a number of challenges that the region faces. One of the biggest challenges is the ongoing tension between China and the United States. The United States is the dominant power in the Asia-Pacific region, and it has long been wary of China's growing economic and military power. This tension has been exacerbated by China's increasingly assertive foreign policy in recent years. The Trump administration has taken a particularly confrontational approach to China, imposing tariffs on Chinese goods and challenging China's claims in the South China Sea.

Another challenge to East Asian regionalism is the rise of nationalism in the region. In recent years, there has been a resurgence of nationalist sentiment in many East Asian countries. This nationalism has been fueled by a variety of factors, including the global economic crisis, the rise of social media, and the perceived decline of Western power. Nationalism can be a positive force, but it can also lead to tension and conflict between countries.

The Future of East Asian Regionalism

The future of East Asian regionalism is uncertain. The region faces a number of challenges, but it also has a number of opportunities for growth and cooperation. The outcome of the US-China rivalry will have a major impact on the future of the region. If the two countries can manage their rivalry peacefully, it will create a more stable and prosperous environment for East Asian regionalism. If, however, the rivalry escalates into conflict, it could have devastating consequences for the region.

The rise of nationalism is another factor that will shape the future of East Asian regionalism. Nationalism can be a positive force, but it can also lead to tension and conflict between countries. It is important that East Asian countries find ways to manage nationalism in a constructive way.

Despite the challenges, East Asian regionalism has the potential to be a major force for peace and prosperity in the region. The region has a long history of cooperation, and it has a number of mechanisms in place to promote regional dialogue and cooperation. If East Asian countries can overcome the challenges they face, they can build a more stable, prosperous, and just region for all.

The Political Economy of Pacific Russia: Regional Developments in East Asia (International Political Economy Series)

by Ryan S. Walters

4.3 out of 5