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Increasing numbers of free trade and economic partnership agreements have been concluded among many countries in East Asia, and economic integration has progressed rapidly on both a de facto and de jure basis. However, as the authors of this book argue, integration may intensify regional inequalities in East Asia and so this process has attracted much attention of late. Will it actually succeed in achieving greater economic growth or will it in fact cause growing regional disparity? This book presents a clear picture of East Asian integration, focusing on various aspects including:the structure of intra-regional tradeindustrial location patterns - especially of multinational enterprisesthe formation of industrial agglomerationthe development of political and institutional frameworks for integration.Economic Integration in East Asia addresses these issues from the perspectives of both spatial and neoclassical economics. As the book highlights, if the regional disparities continue to grow, this may constitute a fatal obstacle to deepening integration and the growth potential of East Asia.With its focus firmly on recommendations for the future, this book will be of great interest to academics and researchers of development, Asian studies and economic geography as well as development specialists in government and international organizations involved in East Asian integration.
Edited by Masahisa Fujita, President, Research Institute of Economy, Trade and Industry, Professor, Konan University and Professor, Kyoto University, Japan, Satoru Kumagai, Research Fellow, Institute of Developing Economies, Japan External Trade Organization (JETRO) and Koji Nishikimi, Senior Research Fellow, Institute of Developing Economies, Japan External Trade Organization (JETRO)
Contents:Preface1. IntroductionMasahisa Fujita, Satoru Kumagai and Koji NishikimiPART I: BASIC VIEWPOINTS ON EAST ASIAN ECONOMIC INTEGRATION2. Regional Integration in East Asia: Perspectives of Spatial and Neoclassical EconomicsMasahisa Fujita and Nobuaki Hamaguchi3. Specialization and Agglomeration Forces of Economic IntegrationKoji NishikimiPART II: GENERAL VIEWS ON EAST ASIAN ECONOMIC INTEGRATION4. Industrial Clustering and MNE Management in East Asia: Recent Progress and Prospects for the Asian Triangle Akifumi Kuchiki5. Evolution of Institutions and Policies for Economic Integration in East Asia: History and ProspectsYoshihiro Otsuji and Kunihiko Shinoda6. Economic Integration in Asia: European PespectivesAnthony J. Venables, L. Alan Winters and Linda YuehPART III: CASE STUDIES OF EAST ASIAN ECONOMIC INTEGRATION7. Structure and Determinants of Intra-Regional Trade in East AsiaSatoru Kumagai8. Location Choices of Korean MNEs in East Asia: Escaping the NutcrackerHo Yeon Kim9. Location Choices of Japanese MNEs in East AsiaToshitaka Gokan10. Economic Opening and Industrial Agglomeration in ChinaZao Chen, Yu Jin and Ming Lu11. The Home Market Effect in ASEAN CountriesIkumo IsonoIndex