This paper aims to overview stats and to characterize economic re-gionalism in East Asia. It was since 1997 when the asian financial crisis occurred that economic regionalism, in particular here institution-driven regionalism has been flowering in Eas...
This paper aims to overview stats and to characterize economic re-gionalism in East Asia. It was since 1997 when the asian financial crisis occurred that economic regionalism, in particular here institution-driven regionalism has been flowering in East Asia. The characteristics of RTA in East Asia are as follows: the number of plural RTAs is larger than that of bilateral RTAs; 2) inter-regional RTAs prevail intra-regional RTAs. Nevertheless the economic regionalism in East Asia is distinctive from economic regionalization, which has been converged to intra-region of East Asia. This phenomenon reveals that the RTAs in East Asia promotes the size of intra-trade in East Asia. In addition, this paper shows that the primary targets of RTA in East Asia are Europe, Oceania, South America. However, the number of RTAs involved East Asian countries is not related to the weight of trade of East Asian countries toward those regions. In this paper, it is found that some distinctions take place between economic regionalism and economic regionalization in East Asia.