East Asian Regionalism B Christopher M. Dent

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1 East Asian Regionalism B Christopher M. Dent

2 VI Contents LIST OF TABLES AND FIGURES ABBREVIATIONS PREFACE xi xiv xviii 1 East Asia and regionalism: an introduction East Asia: an emerging region within the global system Regionalism: key concepts and definitions Studying regionalism: classic regionalism and new regionalism theories Regionalism in the international system Regionalism and globalisation Regional economic organisations and frameworks The security and geopolitical dimensions of East Asian regionalism International political economy theories and regionalism The usefulness of international political economy analysis Applying key IPE theories and concepts to the study of regionalism Conclusion 37 2 East Asia's regionalisation and new economic geography Introduction East Asia's regionalisation in historic context Recent trends in East Asia's regional trade The rise of international production networks in East Asia What are international production networks (IPNs)? East Asia in focus Types of IPN in East Asia Industry-specific perspectives East Asia's regionalisation: zonal-network dimensions 59

3 CONTENTS Industrial districts and agglomerated zonal development East Asia's world cities, regional infrastructure networks and regionalisation Growth polygon zones in East Asia East Asia's pan-regional development corridor Conclusion Summary overview IPE theoretical analysis 81 3 ASEAN and Southeast Asia Southeast Asia: an introduction The Association of Southeast Asian Nations (ASEAN) The ASEAN Free Trade Area (AFTA) The Initiative for ASEAN Integration (IAI) Towards an ASEAN Economic Community (AEC)? ASEAN and East Asian regionalism Conclusion Summary overview IPE theoretical analysis APEC and Asia-Pacific trans-regionalism East Asia and trans-regionalism in the Asia-Pacific The emergence and early development of APEC Constructing a Pacific economic community: early ideas and initiatives The emergence of APEC APEC raises its ambitions East Asia and APEC's economic liberalisation agenda during the 1990s * East Asia and the EPG reports The Individual Action Plan fhap) and Manila Action Plan (MARA) frameworks The Early Voluntary Sectoral Liberalisation (EVSL) debacle Continued inertia on APEC trade liberalisation The Free Trade Area of the Asia-Pacific (FTAAP) initiative East Asia, APEC and regional economic community-building Conclusion Summary overview IPE theoretical analysis ASEAN Plus Three and East Asia Summit: financial regionalism and beyond? Introduction Forming an East Asia regional grouping: precursory developments The ASEAN Plus Three (APT) framework 153 VII I

4 CONTEN Introduction Pre-APT developments in East Asian regional financial co-operation Early developments within the APT framework The Chiang Mai Initiative (CMI) The Asian Bond Markets Initiative (ABMI) The Asian Currency Unit (ACU) Other aspects of APT regional co-operation The East Asia Summit (EAS) framework Conclusion Summary overview IPE theoretical analysis Free Trade Agreements and East Asian regionalism Introduction The growth of FTA activity in East Asia East Asia's bilateral FTAs and economic integration The nature of Free Trade Agreements FTA integration in East Asia Towards an East Asia regional Free Trade Area or Agreement (EAFTA)? Introduction Bilateral FTAs help foster East Asian Regionalism: region-convergent perspectives Bilateral FTAs destabilise East Asian regionalism: region-divergent perspectives Conclusion Summary overview IPE theoretical analysis Key transnational issues in East Asia Introduction Haze in Southeast Asia: transboundary pollution in focus What is'haze'? Causes and costs ASEAN environmental co-operation and the haze issue Future challenges of governance, capacity-building and regional co-operation International migration in East Asia The growth of international migration within the region Causal factors Government policies on international migration International/regional co-operation and integration Energy security in East Asia Framing East Asia's energy security predicaments 250

5 CONTENTS Energy resources, production and consumption in East Asia Diversifying sources of energy supply Energy security conflicts: actual and future potential Regional co-operation on energy Conclusion Summary overview IPE theoretical analysis Regionalism in East Asia: a new framework of analysis Introduction East Asian regionalism: different forms of its 'coherence' Introduction Associative coherence Integrational coherence Organisational coherence Connections among the forms of coherence The extra-dimensional nature of East Asian regionalism Introduction Geo-spatial dimensions of regionalism Different extra-dimensional perspectives Final comments 293 REFERENCES 295 INDEX 313

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