Asian economic integration: The state of play

Abstract

Economic integration in asia has progressed over the last 30 years through the formation of greater trade and investment linkages, which have been driven by market-led integration, underpinned by international commitments. a strategy of economic development based on export orientation and integration into regional and global value chains ({\{}GVCs{\}}) has served the countries in the region well. for most of the period during which the asian economies experienced rapid growth, they faced a global economy that was growing and open to trade and was, therefore, conducive to their growth. east asia experienced higher economic growth and growth in trade and