Regionalism and East Asia: Which Ways Forward?

East Asia in a 'World of Regions'

East Asia has achieved one of the most profound economic transformations in recorded history. In 1960, the region accounted for only 4 percent of world gross domestic product, but by the 1990s, it had become one of three core economic regions -- along with Europe and North America -- that together dominated the global economy. East Asia has become the new workshop of the world, the location of fast-emerging markets, and a new financial power in the making. The region now accounts for slightly more than a quarter of world trade, production, new technology patents and gross domestic product, and is home to some of the world's largest banks and multinational enterprises. ...