EAST ASIAN REGIONAL INTEGRATION: THE JOURNEY SINCE THE FAILURE OF THE EAEG

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Volume 5 Issue 1 2009

Author(s):

Farizal Razalli
Assistant Vice President, Khazanah Nasional Berhad.
farizal.razalli@khazanah.com.my

Abstract The failure of the East Asia Economic Group (EAEG) was more than a foreign policy failure for Malaysia. It shed light on the political realities in the region. The proposed EAEG excluded all the region's Western partners. Viewed as a bloc against the West and under strong pressure from Washington, all countries in the region, including Japan (supposed-to-be leader), unanimously disapproved of the idea. This paper seeks to understand the contemporary development of the regional integration process in East Asia. The following two main questions are posited- 1) can linkages be established between the idea of EAEG and the later developments of the East Asian regionalization process - ASEAN + 3? 2) Can the approach of exclusive regionalization work in today's East Asia? The analysis shows that the tendency toward exclusive regionalization is rather strong. The research, however, questions the plausibility of such an exclusive regionalization given the region's ever strong interdependence with extra-regional partners across political, economic, and security domains.
Keywords East Asia, EAEG, ASEAN, Regional Integration
Year 2009
Volume 5
Issue 1
Type Full Length Paper
Recognized by Higher Education Commission of Pakistan, HEC
Category "Y"
Journal Name IBT Journal of Business Studies
Publisher Name ILMA University
Jel Classification -
DOI http://dx.doi.org/10.46745/ilma.jbs.2009.05.01.04
ISSN no (E, Electronic) 2409-6520
ISSN no (P, Print) 2416-8393
Country Pakistan
City Karachi
Institution Type University
Journal Type Open Access
Manuscript Processing Blind Peer Reviewed
Format PDF
Paper Link http://ibtjbs.ilmauniversity.edu.pk/journal/jbs/5.1/4.%20East%20Asian%20Regional%20Integration-The%20Journey%20Since%20the%20Failure%20of%20the%20EAEG.pdf
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