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Sequencing regionalism: Theory, European practice, and lessons for Asia

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  • Baldwin, Richard
Abstract
Feedback mechanisms are the key to sequencing when it comes to regional integration. Feedback mechanisms can mean that today?s policy or institution alters the political economy landscape in a way that makes it politically optimal for future governments to take further steps towards integration ? even when these steps are not politically optimal from today?s perspective. After outlining the theory, the paper uses feedback mechanisms to organise Europe?s postwar integration narrative, and then draws lessons for today?s integration of East Asia. The paper suggests that the spontaneous cooperation that created Factory Asia has not been codified. One starting point for Asian regional institutions would be to institutionalise the spontaneous cooperation that already exists on trade, services, and investment. New, creative thinking is needed on the sort of soft-law commitments and new modes of cooperation that would make this work with limited sovereignty pooling.

Suggested Citation

  • Baldwin, Richard, 2010. "Sequencing regionalism: Theory, European practice, and lessons for Asia," CEPR Discussion Papers 7852, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:7852
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    1. repec:wsr:wpaper:y:2015:i:157 is not listed on IDEAS
    2. Iulia Monica Oehler-Şincai, 2014. "The Roles Played By China And Japan In The Asian Integration Process," Romanian Economic Business Review, Romanian-American University, vol. 9(3), pages 131-148, September.
    3. Iulia Monica Oehler-Sincai, 2017. "The Actual Balance of Power in Asia-Pacific: Determinants, Characteristics and New Trends," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(3), pages 62-72, September.

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    More about this item

    Keywords

    Bequest; Capital accumulation; Inheritance; Wealth; : sequencing regionalism; Lessons of european integration; East asian integration; Regionalism;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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