Institutionalising Northeast Asia

"Globalization and China's growing economy have caused different economic growth rates, resulting in constant fluctuations in the balance of power among the nations of Northeast Asia. This publication explores regional institutionalism as a counterweight to the principle of sovereignty. It argues that cooperation through regional institution-building is the best way to deal with the growing intertwinement of global issues and developments and the needs and interests at the regional and national levels. A unified region could also answer the demand for supra-territorial policy responses to such issues as trade, finance, the environment, human rights, and human security"--Publisher's description.

Can regional mechanisms better institutionalize the increasing complexity of economic and security ties among the countries in Northeast Asia? As the international state system undergoes dramatic changes in both security and economic relations in the wake of the end of the Cold War, the Asian financial crisis, and the attack of 9/11, this question is now at the forefront of the minds of both academics and policymakers. Still, little research has been done to integrate the analysis of security and economic analysis of changes in the region within a broader context that will give us theoretically-informed policy insights. Against this backdrop, this book investigates the origins and evolution of Northeast Asia's new institutional architecture in trade, finance, and security from both a theoretical and empirical perspective.

"Interest in more comprehensive institutional arrangements for Northeast Asia have been given a fillip by the suggestions emerging from the Six Party Talks on North Korea's nuclear program. The following paper looks at regional interactions on energy and related policies. It asks whether the regional actors see conflicts emerging within the region in their individual attempts to solve their energy security concerns, or whether they envisage cooperative ways for resolving such problems. In the light of this, it asks whether there could be a functionalist basis arising from energy cooperation for a wider process of community-building in Northeast Asia. It concludes that within the region, multilateral institutional mechanisms face major political, economic and technical problems. On most energy issues, the regional economies are likely to continue to look mainly to links with institutions outside the region. There are areas in which regional cooperation would be beneficial, yet the opportunities available from such cooperation will face major obstacles in the absence of institutionalised cooperation processes in the broader economic and security fields."--Page [iv].

Comprising case studies of Japan, South Korea, and Taiwan, this edited volume explores the key characteristics of democratic governance in Northeast Asia. Each democracy is assessed on the extent to which it enables the flourishing of social capital; prioritizes the interests of all as characterized by freedom from fear and want; and empowers all to participate in the democratic process and governance. With particular focus on the experience of minorities, this volume contends that the acid test of democratic governance is not how well the government represents the interests of the elites, or even the majority, but rather how it cares for the needs of vulnerable groups in society.

This study offers a vital reappraisal of the trade relationship between north-east Asia and the Gulf. Writing from a non-western standpoint, Dargin and Lim make a compelling case for how these regions became economically integrated in the wake of the 1973 oil crisis.

Deepening regionalism in Asia demands new leadership. Strong elites who are committed to a supranational identity are a minimum requirement of successful regionalism. Regional leaders are increasingly seen as a new set of leaders in Europe. Currently, Asian regional leaders largely come from the diplomacy community, or trade and economic sectors. Yet further regionalization demands a new type of leadership from civil society and citizens. In this context it is important to cultivate new regional leadership through the development of regional citizenship. This book examines contested ideas of regionalism in Asia with a particular focus on two competing ideas of pan-Asianism and Pacificism. It also identifies a new trend and contestation, the fundamental shift from a civilization understanding of regionalism to a technocratic and functional understanding of regionalism in the form of regulatory regionalism. It also examines the other contested imaginations of regionalism in Asia including elitist versus participatory approaches to regionalism, and democracy-centric versus nationalism-centric approaches to regionalism.

At the outset, the subregions of East and North-East Asia are more dissimilar than similar, with different stages of development, economic structure and size, political systems and culture. Due to these differences and long standing historical and geopolitical tensions, institutionalized regionalization has not made much progress. Yet, there are increasing interactions and this publication looks into how greater cooperation and integration could offer solutions to not only the old problems of poverty and political instability facing the subregion but also the new challenges posed by economic growth such as emerging income gaps, environmental degradation, urbanization and congestion and various social issues.

The book is the first attempt to offer a holistic and integrated exploration of the political-economic framework underpinning economic regionalism. In doing so it provides a much-needed contribution to the literature on international political economy, international relations and Asian political economy in relation to economic regionalism. The existing literature provides broad generalizations and limited discussion on economic integration (i.e. free trade agreements, FTA) with most analyses of regionalism generally contained to the field of economics with a focus on the welfare implications of FTAs, both for participating countries and the world as a whole. Readers of this book can view economic regionalism from a variety of perspectives with input from Chinese, Japanese and Korean research institutes, business and industry groups, and government officials. Drawing on the considerable country experience and expertise of the authors, the book attempts to unravel the paradox of the market-driven economic globalization process (regionalism) and address a serious gap in the current literature relating to the political-economic characteristics and strategies of China, Japan and Korea in relation to economic regionalism.