In the 80's the countries of Asia-Pacific had first experienced 'economic miracles'. Then after a short period of stagnation and retrenchment in the 90's, the economic prosperity is again in full swing from the beginning of the 21st century. The major driving force behind this is the rapidly growing economic and technical cooperation among countries (China, Japan, South Korea and Southeast Asian countries) in the region, attributable to liberalization of trade and Free Trade Agreements efforts which is expected to lead to the establishment of a common market like EU. This book is the most comprehensive compendium of expertise about the current economic exchanges and chances of a common market in the Asia-Pacific realm and their perspectives substantiated by case studies.

This book examines the growing interdependence between ASEAN and Korea and the political and economic realities governing the relationship. Leading experts from ASEAN and Korea discuss the emerging issues in areas of domestic and regional security environments, non-traditional security, regional trade arrangements, Korean relations with the new ASEAN member states, and the prospects of community-building with special reference to the roles of Korea and ASEAN. It also provides a serious and thought-provoking evaluation of future ASEAN-Korea relations in light of the growing trend towards East Asian regionalism.

At head of title: International Institutions and Global Governance Program.

As Asia grows and prospers, its economies are increasingly vital to each other -and to the world. Led by a team of ADB staff, scholars, and advisers to regional policy makers, this study highlights what is at stake the emerging Asian regionalism and lays out the ground for further discussion on how to move forward.

An exploration of the evolution of regionalism and regional economic relations in East Asia since the late 1990s. The book analyzes moves towards free trade agreements, cooperation in information technology, energy and environment, and agriculture, by highlighting preferences and actions of governmental and business actors.