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Asian Economic & Financial Integration in Global Framework (Hardcover)
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Asian Economic & Financial Integration in Global Framework (Hardcover)
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Reflecting the diversity of economies and their histories, regional
integration follows markedly different patterns across the world.
In Asia, trade integration has progressed at a rapid pace, based on
the exploitation of intra-regional comparative advantages. This
book analyzes the nature of Asia's merging regionalism, which can
have a significant impact in an increasingly globalized world.
Regionalism can be a stabilizing factor when economic shocks arise,
whether regional-based or externally-imposed. The book examines
these global economic and monetary integration processes. What is
the status of Asian integration in monetary, financial, trade, and
production networks? These aspects are discussed and compared with
successful European economic and monetary integration. To give a
more extensive view to the readers, separate chapters have been
included on the North American Free Trade Agreement, Latin
America's Mercado Commum de Sur, and the African Economic and
Monetary Integration. The book will benefit students, researchers,
policy makers, and all others who want to understand and assess the
status, processes, and challenges of economic and monetary
integration.
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