Economic Integration in East Asia and Europe: Lessons from a Comparative Analysis

The Singapore Economic Review (SER), 2010

Posted: 6 Jun 2010

See all articles by Giovanni Capannelli

Giovanni Capannelli

Asian Development Bank - Office of Regional Economic Integration

Carlo Filippini

Bocconi University - Department of Economics

Date Written: March 1, 2010

Abstract

This paper compares the economic integration processes of the European Union and the East Asian nations and comments on the possible reciprocal lessons, if any, that can be drawn to smooth the future paths of the two groups. The most relevant lessons on the EU side rely on strong institutionalization, structural policies, and the monetary union. Lessons from East Asia can be found in regional production networks, trade patterns, and the recent developments in financial cooperation. Both entities are presently facing difficult challenges to progress and growth.

Keywords: East Asia, European Union, regional integration, economic cooperation

Suggested Citation

Capannelli, Giovanni and Filippini, Carlo, Economic Integration in East Asia and Europe: Lessons from a Comparative Analysis (March 1, 2010). The Singapore Economic Review (SER), 2010, Available at SSRN: https://ssrn.com/abstract=1620271

Giovanni Capannelli (Contact Author)

Asian Development Bank - Office of Regional Economic Integration

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Carlo Filippini

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

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