Description
Book SynopsisThe contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analyzing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject and offer new perspectives on the potential developmental effects of regional integration and the implications of regional integration for global economic governance. While highlighting and illustrating the potential benefits deriving from regional economic integration, the book also stresses the problems and challenges regional integration processes are usually confronted with.
This informative book will be of interest to academic researchers, students, policy makers and professional economists working on matters of regional economic cooperation and integration, international economics and development economics. While applying state of the art economic tools, it is written in a clear and accessible style, intended for a wide readership among professionals and general readers interested in these fields.
Contributors: R. Baumann, R.U. Das, P. Draper, T. Hartzenberg, Y. Huang, J. Kubny, R. Kumar, D. Malungisa, J. McKay, F. Molders, L. Muhlich, V. Nitsch, P. Nunnenkamp, J.A. Ocampo, E. Ogawa, M. Pomerleano, M. Qobo, J.J. Reade, J.J. Schott, U. Volz, R. Wolfinger, Y. Zhang
Trade ReviewIf you are interested in finding out more about regionalism's potential to reshape globalization and global governance, turn to this excellent and thoroughly researched volume. While the authors focus on international trade and finance, their stimulating analyses are of much broader relevance. They point to an emerging new phase of globalization made more open and participatory 'flatter' by enhanced regionalism.
Inge Kaul, Hertie School of Governance, Germany
It is the distinctive contribution of this book to explore the complex relationship between the reality of regionalisation and the objective of achieving global economic cooperation and integration.
- Michele Fratianni, University of Ancona, Italy
This book explores a central issue of the world economy today: the role of regional integration for economic development and global governance. The importance of this issue comes from the fact that the globalisation process that we have been experiencing in recent decades is also a process of open regionalism. [ - ] To what extent does this process contribute to development? The reader will find many interesting answers to this question in the book, [which] is an outstanding contribution to this debate. I welcome its publication and look forward to its influence on global debates on the relations between regional integration, development and global governance. --- From the foreword by Jose Antonio Ocampo, Columbia University, US
Table of ContentsContents: Foreword José Antonio Ocampo Introduction Ulrich Volz PART I: INTEGRATION EXPERIENCES IN DIFFERENT REGIONS 1. SAARC: Changing Realities, Opportunities and Challenges Rajiv Kumar 2. East Asian Economic Integration and its Impact on the Chinese Economy Yanghua Huang and Yongsheng Zhang 3. Regional Integration in Southern Africa: Key Issues and Challenges Trudi Hartzenberg and Davie Malungisa 4. Integration in Latin America – Trends and Challenges Renato Baumann PART II: REGIONAL INTEGRATION AND THE MULTILATERAL TRADING SYSTEM 5. The Future of the Multilateral Trading System in a Multi-polar World Jeffrey J. Schott 6. Rabbits Caught in the Headlights? Africa and the ‘Multilateralizing Regionalism’ Paradigm Peter Draper and Mzukisi Qobo PART III: REGIONAL TRADE AND FOREIGN DIRECT INVESTMENT 7. Regional Trade-FDI-Poverty Alleviation Linkages – Some Analytical and Empirical Explorations Ram Upendra Das 8. Regional Integration and FDI in Emerging Markets Julia Kubny, Florian Mölders and Peter Nunnenkamp PART IV: REGIONAL FINANCIAL INTEGRATION 9. Developing Regional Financial Markets – the Case of East Asia Michael Pomerleano 10. Regional Financing Arrangements and the IMF Julie McKay, Ulrich Volz and Regine Wölfinger PART V: TOPICS IN MONETARY INTEGRATION 11. Monetary Integration and Trade: What do we Know? Volker Nitsch 12. When You Got Nothing, You Got Nothing to Lose – Regional Monetary Integration and Policy Independence J. James Reade and Ulrich Volz 13. South–South Regional Monetary Cooperation: Potential Gains for Developing Countries and Emerging Markets Laurissa Mühlich 14. Currency Baskets for East Asia Eiji Ogawa Index
