The determinants of east Asian regionalism.

The determinants of east Asian regionalism.

Blog Article

East Asia 5x4x3 box has been experiencing an epic progress of regionalism over the last decade with China, Japan, and Korea (CJK) as the most prominent actors.Regionally speaking, East Asia has been nurtured by a market-driven expansion of trade and foreign direct investment (FDI) that leads the bottomup regionalism process.However, this paper argues that the bottom-up process alone is not enough since a more institutionalized approach is needed.

From a static panel data simulation, it is found that sound transportation infrastructure, good governance, competitive good news candy taxation policies, sizeable markets, good education, democracy and the trend towards industrialization are the main factors that serve as building blocks for East Asian regionalism.