An analysis of the feasibilities of East Asian economic integration, providing diverse positions on East Asian economic integration by ASEAN countries as well as the north-eastern countries of China, Japan, and Korea.

This book uniquely examines Korea’s foreign direct investment policy dynamics and importance of mutual synergy between multinational corporations and their host countries in a win-win framework.

Globalisation has had a major impact on manufacturing competitiveness and industrial development in transitional and developing economies. This up-to-date book critically examines the experience of a wide range of countries, focusing on the policy challenges they face in the new global economy. The rising demand for manufactured goods is causing increased pressure on developing and transitional countries to introduce policies aimed at enhancing productivity, mobilising resources, building capabilities and changing internal structures. Yet policymakers face difficult trade-offs between allocative efficiency and sustainable development. This book begins by looking at key policy issues in manufacturing including international best practices, policy convergence and policy benchmarking. The discussion then moves on to discuss the measurement of manufacturing competitiveness and the policies necessary for companies to compete successfully in the new global economy. The policy recommendations are underpinned through a wide range of case studies from different regions and countries. The book offers policymakers, scholars and researchers a unique perspective, and serves as a comprehensive guide for formulating policies vital for national industrial development and integration into the world economy. It will help those concerned with policy formulation in developing and transitional countries take informed decisions and better cope with the challenges and opportunities of the global economy.

Economic regionalism has become a worldwide phenomenon. Since the Asian financial crisis, East Asian countries are accelerating the ongoing market-driven economic integration as well as institutional economic integration. The question is whether East Asia can reach an East Asian FTA (EAFTA), which is the first step towards institutional economic integration.

East Asian Economic Regionalism attempts to analyze the feasibilities of economic integration in East Asia and to discuss emerging economic integration efforts in East Asia with special reference to an East Asian FTA. Although economic integration is desirable economically, positions and approaches of each regional economy toward East Asian economic integration may differ depending on the circumstances of the countries concerned. East Asian Economic Regionalism provides diverse positions on East Asian economic integration by ASEAN countries, as well as the Northeastern countries of China, Japan and Korea. The volume also provides economic assessment of EAFTA and evaluates East Asian economic integration. East Asian Economic Regionalism may be the first book on East Asian economic integration with positions toward economic integration of major players in the region.