Asia's New Institutional Architecture: Evolving Structures for Managing Trade, Financial, and Security Relations / Edition 1

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This book investigates the origins and evolution of Asia's new institutional architecture in trade, finance, and security from both a theoretical and empirical perspective. The traditional institutional equilibrium in Asia has come under heavy strain in the "post triple shocks period" - the post-Cold War, the post-financial crisis of 1997-98, and the post-9-11 attacks. The new dynamics of rivalry and cooperation among states at both the intraregional and transregional levels is now shaping a new institutional architecture. Political and business leaders from Northeast and Southeast Asia interact with each other more frequently. South Asia's participation in the rest of Asia in recent years is truly impressive. As we show, the future institutional trajectory of Asia is still open, but we believe that the book provides a timely examination of key shifts in the region. In doing so, our hope is to provide policymakers and analysts with an institutional road map for the future.
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Editorial Reviews

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From the reviews:

“It presents a historical overview of the economic and security arrangements relevant for … geopolitical and geoeconomic events. … The book is intended to be read … by political scientists/commentators, security experts, and economists. It probably does a good job of enthusing the political scientists and security experts … . In summary, this is an important book … . will definitely appeal to political commentators and those looking for historical details on the evolution of institutions in Asia.” (Devesh Roy, American Journal of Agricultural Economics, Vol. 93 (1), January, 2011)

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Product Details

  • ISBN-13: 9783540723882
  • Publisher: Springer Berlin Heidelberg
  • Publication date: 12/10/2007
  • Series: Political Economy of the Asia Pacific Series
  • Edition description: 2008
  • Edition number: 1
  • Pages: 322
  • Product dimensions: 6.62 (w) x 9.36 (h) x 0.92 (d)

Table of Contents

Preface     v
Contributors     xiii
Abbreviations     xv
Asia's New Institutional Architecture: Evolving Structures for Managing Trade, Financial, and Security Relations   Vinod K. Aggarwal   Min Gyo Koo     1
Introduction     1
Traditional and Emerging Institutional Balances in Asia     3
Modes of Economic and Security Governance in Asia     7
Analyzing Asia's Institutional Architecture     14
Overview of the Book     25
Conclusion     30
Asia's New Economic Institutions   John Ravenhill     35
Introduction     35
Turning Points: Overcoming the Cold War Divide     36
Turning Points: The Financial Crises of 1997-98     38
The 9/11 Attacks and Asian Economic Institutions     47
The Rise of China     48
Extending the Region to South Asia     52
Making Sense of Asia's New Institutional Architecture     54
Building Asian Security Institutions Under the Triple Shocks: Competitive, Complementary or Juxtaposed?   Keiichi Tsunekawa     59
Changing Threats and Changing Institutions     59
Asian Security Institutions in the Cold War Era     62
Asian SecurityInstitutions in the Post-"Triple Shocks" Period     65
The Future of Asia's Institutional Architecture for Security     83
Regional Arrangements for Trade in Northeast Asia: Cooperation and Competition between China and Japan   Mie Oba     89
Introduction     89
Northeast Asia's Cold War Institutional Equilibrium in Trade     90
Negotiating New Trade Arrangements in the Post-"Triple Shocks" Period     92
Conclusion     114
Security Institutions in Northeast Asia: Multilateral Responses to Structural Changes   Min Ye     121
Introduction     121
An Overview of Northeast Asian Security     122
The Cold War Legacy: The Korean War and the San Francisco System     124
The Post-"Triple Shocks" Period: Regional Shocks and Northeast Asian Security Institutions     129
Future Scenarios for Northeast Asian Security     145
Conclusion     148
Southeast Asia's New Institutional Architecture for Cooperation in Trade and Finance   Helen E.S. Nesadurai     151
Introduction     151
Southeast Asia and Regional Economic Cooperation in the 1970s and 1980s     155
New Regional Cooperation Schemes in the 1990s: APEC, AFTA and APT     158
Implications of Southeast Asia's New Institutional Arrangements     173
Conclusion     176
Southeast Asia's New Security Institutions   Ralf Emmers     181
Introduction     181
The Cold War Institutional Equilibrium in Security     183
New Security Arrangements in the Post-"Triple Shocks" Period     190
Future Scenarios for Southeast Asian Security     205
Conclusions and Implications     209
India's Shifting Trade Policy: South Asia and Beyond   Vinod K. Aggarwal   Rahul Mukherji     215
Introduction     215
The Cold War Security and Economic Environment     216
The Evolution of India's External Economic Policies in the Post-Cold War Era     222
The Future of India's Trade Policy: Scenarios     249
Conclusion     252
The Evolution of Post-Cold War Regional Security Institutions in South Asia   Eswaran Sridharan     259
Introduction     259
The Cold War Security Architecture in South Asia     264
Negotiating New Security Arrangements in the Post-"Triple Shocks" Period     267
Scenario Analysis for Regional Security Arrangements in South Asia     282
Conclusions and Implications     284
The Past, Present, and Future of Asia's Institutional Architecture   Vinod K. Aggarwal   Min Gyo Koo     289
Introduction     289
Evaluating an Institutional Bargaining Game Approach to Explaining Asian Institutional Change     291
The Evolution of Economic and Security Institutions in Asia     294
Subregional Developments     296
The Nexus between Trade and Security     302
The Future of Asia's New Institutional Architecture     304
Index     309
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