The book analyses modern tendencies in the development of regional
economic cooperation in East Asia which is considered by regional
countries as their response to growing challenges of globalization.
Trying to protect their national interests by collective efforts
they are promoting regional commercial, investment, and financial
cooperation as measures aimed at improving the efficiency of their
economies. These steps however are not regarded as a counterweight
to globalization but merely directed against most negative
manifestations of the latter and in fact are realized as one of the
forms of globalization at the regional level.
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