'Too often analyses of East Asia are written by outsiders. the great merit of this broad ranging and well-conceived collection is to showcase original perspectives from China, Korea and Japan. As such, it is a welcome addition to the existing literature.' - Mark Beeson, the University of Birmingham, UK

The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country.

Introduction -- ch. 1. China and East Asia production network -- ch. 2. The internationalisation of China's Renminbi -- ch. 3. The internationalisation of Chinese enterprises -- ch. 4. Cross-strait economic relations: Taiwan's perspective -- ch. 5. CEPA and Mainland-Hong Kong's economic relations --ch. 6. China-Asean economic relations remain resilient despite rising challenges -- ch. 7. Ever-bonding Sino-Korean economic relationship but questionable contribution to regional integration -- ch. 8. China and Japan: great economic integration without a bilateral free trade agreement -- ch. 9. The political economy of East Asia economic integration.

East Asian economic integration is on the rise. In the past decade, all of the region's powers have begun negotiating free trade agreements with their neighbors. They are also exploring broader regional options, such as the creation of an East Asian summit or free trade area. These developments have not always been welcomed by observers in other parts of the world. Some fear that they mark a turn away from integration into the global economy and herald the emergence of a closed, inward-looking bloc. In this timely and important book, Naoko Munakata offers an alternative perspective, based on her experience as an economic official and trade negotiator over the past 20 years. East Asian integration, she argues, is not driven by defensiveness or anti-Western sentiment. Instead, it reflects pragmatic calculations of economic interest, as well as a desire for mutual trust and a sense of community. Munakata makes her case by analyzing developments in the region since the mid-1980s, highlighting such important factors as the evolution of Asia-Pacific Economic Cooperation (APEC), the impact of the 1997-98 Asian financial crisis, and the rise of China. She also outlines possible future scenarios for the region and offers policy prescriptions for building on regionalism's achievements to date. Over the coming decades, the rise of China, its relationship with Japan, and the institutional arrangements that bind those countries to the United States and the countries of East and Southeast Asia will become critical factors in the global balance of power. Transforming East Asia is essential reading for anyone seeking to understand the roots of this transformation.

The common images of Korea view the peninsula as a long-standing battleground for outside powers and the Cold War's last divided state. But, Korea's location at the very center of Northeast Asia gives it a pivotal role in the economic integration of the region and the dynamic development of its more powerful neighbors. A great wave of economic expansion, driven first by the Japanese miracle and then by the ascent of China, has made South Korea - an economic powerhouse in its own right - the hub of the region once again, a natural corridor for railroads and energy pipelines linking Asiatic Russia to China and Japan. And, over the horizon, an opening of North Korea, with multilateral support, would add another major push toward regional integration. Illuminating the role of the Korean peninsula in three modern historical periods, the eminent international contributors to this volume offer a fresh and stimulating appraisal of Korea as the key to the coalescence of a broad, open Northeast Asian regionalism in the twenty-fifth century.

Northeast Asia, where the interests of three major nuclear powers and the world's two largest economies converge around the unstable pivot of the Korean peninsula, is a region rife with political-economic paradox. It ranks today among the most dangerous areas on earth, plagued by security problems of global importance, including nuclear and missile proliferation. Yet, despite its insecurity, the region has continued to be the most rapidly growing on earth for over five decades—and it is emerging as an identifiable economic, political, and strategic region in its own right. As the locus of both economic growth and political-military uncertainty in Asia has moved further to the Northeast, a need has developed for a book that focuses analytically on prospects for Northeast Asian cooperation within the context of both Asia and the Asia-Pacific regional relationship. This book does exactly that, while also offering a more general theory for Asian institution building.

This book looks back to 40 years ago for the whole history of China’s reform and opening-up and focuses on the role change of China in the relationship with outside world. In the first half part, the author explores China’s economic reform and opening-up policy from theoretical analysis and systematic interpretation. In the second part, the author aims to present how China’s international roles have changed in recent years and the Chinese appeal and purpose of participating in and improving global governance procedure. The author answers the question of why China has obtained miraculous achievements after its reform and opening-up from academic perspective and provides representative cases with profound but not obscure theoretical interpretation. It is a must-read for anyone who is interested in contemporary China’s economy and foreign affairs.