1. CHINA'S ROLE IN EAST ASIAN ECONOMIC INTEGRATION SINCE AFC – EVOLUTION AND PROSPECTS.
- Author
-
Pasierbiak, Pawel
- Subjects
ECONOMIC integration of developing countries ,ASIAN Debt Crisis, 1997-2001 ,REGIONALISM - Abstract
The Asian financial crisis of the late 1990s contributed to the intensification of regional economic integration in East Asia. However, the initial optimism resulting from the greater interest in integration among participants weakened over time. One of the most important countries with real and growing influence on partners in East Asia is China. Its rising economic position makes China’s perception of regional integration and its activity in that field crucial for the development of the process. These issues are covered in this study. The main purpose of the paper is to present and evaluate China’s role in the development of regional economic integration in East Asia in the period from the Asian financial crisis to the present. Two most important components of the regional economic integration will be analysed, namely regionalisation and regionalism. The main conclusion is that as a result of China's growing position as one of the leading economic centres of East Asia, its role in the development of East Asian economic integration has significantly increased. It can be observed in engagement in institutional frameworks, but above all, in the development of real economic ties in the region. Potentially, China can act as the most influential promoter of regional economic integration in East Asia. However, it depends on the significance of regional aspirations in a broader global strategy of China. It seems that currently global ambitions far outweigh the regional ones. Various research methods are used to achieve the goal of the study: method of critical analysis of literature, method of inference and method of statistical data analysis. [ABSTRACT FROM AUTHOR]
- Published
- 2019