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 […]
Regionalism and East Asia: Which Ways Forward?
