서울국제포럼 The Seoul Forum for International Affairs(SFIA)

[경제•통상] [안충영 회원] Is There A Future For Economic Integration In East And Southeast Asia? (East-West Center 2018.10.18)

Date: 2018-10-18

Is There A Future For Economic Integration In East And Southeast Asia?

East-West Center Wire | 안충영 중앙대학교 국제대학원 석좌교수

입력 2018.10.18

 

HONOLULU (Oct. 10, 2018)—The rapid growth of many East and Southeast Asian economies has been fueled primarily by exports to the United States and other economies outside the region. Trade within the region has been secondary. Given the importance of bilateral trade agreements with countries in North America and Europe, multilateral agreements within the region were not a top priority.

That attitude changed after the 1997 Asian financial crisis. Concerned about their vulnerability to global financial shocks, East and Southeast Asian leaders met in Chiang Mai, Thailand, in 2000 to institutionalize a self-help mechanism based on bilateral currency swaps. After the 2008 global financial crisis, leaders “multilateralized” the Chiang Mai Initiative by adding a reserve pooling arrangement to increase the region’s bailout capacity when critically needed. Apart from setting up a regional self-help mechanism for times of financial crisis, the Chiang Mai Initiative ushered in a broader concept of intra-regional cooperation in Asia.

 

중략

 

기사 전문 출처: https://www.eastwestcenter.org/news-center/east-west-wire/there-future-economic-integration-in-east-and-southeast-asia

 

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