Paftad 40

This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as agricultural development, structural transformation and East Asian trade, alongside skills and human capital development policies of ASEAN. Contributors also provide detailed explanations on trade, poverty and Aid for Trade, institutional reforms, regulatory reform and measuring integration.

There is no bigger policy agenda in the East Asian region than connectivity. Costs of international connectivity are indeed falling, in the movement of goods, services, people and data, leading to greater flows, and to the reorganisation of business and the emergence of new forms of international transactions. There are second-round effects on productivity and growth, and on equity and inclusiveness. Participating in trade across borders involves significant set-up costs and, if these costs are lowered due to falling full costs of connectivity, more firms will participate, which is a driver of productivity growth and innovation at the firm level. Connectivity investments are linked to poverty reduction, since they reduce the costs of participating in markets. This volume includes chapters on the consequences of changes in both physical and digital connectivity for trade, for the location of economic activity, for forms of doing business, the growth of e-commerce in particular, and for the delivery of new services, especially in the financial sector. A study of China’s Belt and Road Initiative (BRI) is also included. These studies are preceded by an assessment of the connectivity performance in the Asia-Pacific region and followed by a discussion of impediments to investment in projects that contribute to productivity. The collection as a whole provides the basis for a series of recommendations for regional cooperation. The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968.

Japan and Asia Pacific Integration is a study of regional integration in the greater Pacific area during 1968-1996. It examines the political rationale of such international organisations as the Asia Pacific Economic Co-operation (APEC) forum, and the East Asian Economic Caucus (EAEC). There is a focus on Japanese conceptions of regionalism and integration, but the attitudes of other countries such as the United States, Australia, Malaysia and China are also explored.

The emergence of Asia-Pacific regionalism, as witnessed by the increasing influence of the Asia-Pacific Economic Cooperation forum and the annual ASEAN Post-Ministerial Conference, highlights one of the major trends in late twentieth-century geopolitics and international relations.

Are international and Asian regional institutions serving the development goals of Asian and Pacific Economies as well they should? The global economy, led by the Asia Pacific region, has undergone immense change and growth. Have the existing institutions and arrangements been able to keep pace with those changes in the global economy? International Institutions and Asian Development tackles these questions and is an essential book for the assessment of regional and international institutions, as well as policy prescriptions for reforming them to ensure they deliver on sustainable, peaceful growth and development in the region. Drawing from papers presented to the 32nd Pacific Trade and Development conference in Hanoi in 2007, the contributions by distinguished authors add to the understanding of the purpose, evolution, relevance and gaps in regional and global institutions and their arrangements. Shiro Armstrong is a Research Fellow at the Crawford School of Economics and Government at the Australian National University. Vo Tri Thanh is Director of the Department for International Economic Integration Studies of the Central Institute of Economic Management in Vietnam

Asia-Pacific in the New World Order critically explores the notion that a distinctive regional power bloc is developing linking countries bordering the Pacific, with East Asia at its core. This student-friendly volume sheds light on the complex interplay between global, regional and national forces which have transformed the Asia-Pacific area into one of the most vibrant and economically successful regions in the world. Historical narratives alongside geopolitical and geoeconomic perspectives are deployed to examine the shifting pattern of power relations and security structures across the region, set within a wider world context. Key issues addressed include: * what are the primary security problems of the region and how are they being resolved? * does the dynamic growth of the region, and particularly the rise of China, pose a challenge to existing structures of world order? The text has a strong interdisciplinary flavour drawing on analytical approaches from the international relations, political economy and political geography literature. Authors have been drawn from the Asia-Pacific region and the UK and all are established scholars in their specialist fields.

The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country.

Critically surveying the power of narratives in shaping the discourse on the post-Cold War Asia Pacific, See Seng Tan examines the purposes, practices, power relations, and protagonists behind policy networks such as the Council for Security Cooperation in the Asia Pacific and the Pacific Economic Cooperation Council. The author argues that, filled with economic, social, and political meaning, the policy and academic discourses regarding the Asia Pacific and its subregions authorize and provoke certain understandings while preventing counternarratives from emerging.

The Association of Southeast Asian Nations (ASEAN) is strategically significant because of its size, dynamism, and role in the Asian economic and security architectures. This paper examines how ASEAN seeks to strengthen these assets through "centrality" in intraregional and external policy decisions. It recommends a two-speed approach toward centrality in order to maximize regional incomes and benefit all member economies: first, selective engagement by ASEAN members in productive external partnerships and, second, vigorous policies to share gains across the region. This strategy has solid underpinnings in the Kemp-Wan theorem on trade agreements. It would warrant, for example, a Trans-Pacific Partnership (TPP) agreement with incomplete ASEAN membership, complemented with policies to extend gains across the region. The United States could support this framework by pursuing deep relations with some ASEAN members, while broadly assisting the region's development.