Regional Peace through Economic Integration: The Applicability of the European Model in South Asia

Book Title: 
The Evolution of Regionalism in Asia: Economic and Security Issues
Author(s): 
Editor(s): 
Publication Year: 
2007
Publication Place: 
London
Publisher: 
Routledge
ISBN: 
0415446848
Pages: 
177-199
Abstract: 

This edited volume looks at regional integration processes in Asia. Whilst integration in the region, defined as Southeast and East Asia, is not a new process, it has gained momentum in recent years. Two developments have acted as catalysts for integration, first at the economic level the Asian crisis of 1997 has been the watershed for most countries in the region. Ever since, there have been continuing search processes for sovereignty-enhancing types of economic policies, and the region is one location where policy-makers look for new avenues to strengthen the position of their countries. The second major development is the continuing rise of China in the region. Today, China is not only the manufacturing powerhouse of the region, but it increasingly functions as a "benign hegemon" in Asia.