외환위기 이후 동아시아 지역주의: 한,중,일 3국을 중심으로
East Asian Regionalism after the Crisis of 1997-8: focusing on South Korea, China and Japan
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Abstract
This paper reports on theoretically grounded empirical research aimed at shedding light on Northeast Asian countries’ (South Korea, China and Japan) approach to East Asian regionalism. It questions the viability of institutionalised regional collaboration in East Asia. The East Asian crisis of 1997-8 was a turning point for the burgeoning campaign of institutionalized regional arrangements. This may be seen as a calculated response to the complex process of regional institutionalisation from the East Asian Economic Caucus (EAEC) to the Association South East Asian Nations (ASEAN)+3 occurred in parallel with not only the formation of monetary regionalism through Japan’s policy initiatives such as the Asian Monetary Fund (AMF) proposal and the New Miyazawa Initiative (NMI), but also the emergence of trade regionalism through East Asian countries’ involvements in a number of bilateral and multilateral Free Trade Areas (FTAs) negotiations. These forms of regional arrangements are seen as instruments to further intensify the formation of ‘institution-led’ regional institutionalisation in the context of the ASEAN + 3 process.
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