Process of Regional Economic Integration in East Asia
|Keywords||East Asian regional Economic integration Free trade zone Security Dilemma Monetary and Financial Cooperation|
In the global economic integration and regionalization of the world economy under the background of the rapid development of the East Asian integration process has also been considerable progress. In the late 1990s occurred in the East Asian financial crisis, the beginning of the process of regional cooperation in East Asia significantly accelerated regional economic cooperation in East Asia began to move out of a small circle of ASEAN ASEAN 103 direction. East Asia Lancang - Mekong River, Tumen River and other sub-regional economic cooperation has also been strengthened, East Asian financial cooperation after the signing of the Chiang Mai Initiative to carry out further. In addition, the ASEAN free trade area between the building has also made substantial progress in the construction of a free trade area between Japan and South Korea are also in the process of being negotiated. OCA theory was first proposed by economist Robert Mundell (Robert. A. Mundell) made in 1961. Through the theory of optimum currency area criteria for several levels of monetary cooperation in East Asia, it was found in East Asia current financial and monetary cooperation is still in the lower level, do not have the conditions to achieve the single currency area. However, the region is still based on the existing conditions can continue to carry out financial and monetary cooperation in East Asia, ultimately to the establishment of joint floating exchange rate mechanism and the East Asian single currency area and efforts. However, compared to Europe and North America and other regions, the regional economic integration process in East Asia is still obvious much more slowly. The economic, political and social systems significantly different countries of the region territorial disputes and ethnic tensions, the U.S. presence in the region and the implementation of the policy, the trend of regional economic integration in East Asia have a negligible impact. These factors are intertwined, so that regional cooperation in East Asia is facing a difficult to crack the \Currently, East Asia is still in the primary structure of Lockean culture stage, for security cooperation in East Asia, the need to actively promote the collective identity, from a \In East Asia, economic and political development of such a significant difference, but also has a variety of disputes, regional economic integration should be developed, the need to establish a stable system of regional cooperation in East Asia. East Asian regional cooperation in the realization of the arrangements, the East Asian regional security cooperation is particularly important. Regional economic integration in East Asia has faced many obstacles among the most difficult to crack, are the most difficult to break through the barriers and security related. Only in the security field to establish closer cooperation, regional economic integration in East Asia in order to better carry out indefinitely. Construct a \EU's successful experience of regional integration in East Asia integration give a useful inspiration. To achieve regional economic integration in East Asia, we must take practical measures to try to achieve two major countries in the effective date reconciliation, and secondly to strengthen the East Asian regional economic integration mechanisms. East Asian regional economic cooperation to carry out, it is necessary to establish a state and nation beyond the above areas, and guide to deepen East Asian cooperation.