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Evolving Asian Power Balances and Alternate Conceptions for Building Regional Institutions

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  • Evolving Asian Power Balances and Alternate Conceptions for Building Regional Institutions
  • Asian Development Bank (ADB)


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Title Evolving Asian Power Balances and Alternate Conceptions for Building Regional Institutions
Similar Titles
Material Type Reports
Publisher

Asian Development Bank (ADB)

Date 2010
Series Title; No Regional Economic Integration Working Papers
Language English
File Type Link
Subject Economy < Others

Abstract

The paper aims to examine economic interdependence and balancing power politics, and their mixed implications for regional institution building in East Asia based on the concept of common security. By pointing out the gap between the violent conflict prediction and the stability and prosperity reality following the end of the Cold War, the paper gives analysis to the factors affecting the security relations in the region, including (i) the role of the US, (ii) the rise of the PRC, (iii) ASEAN's efforts at regional cooperation, the (iv) the PRC-Japan rivalry. The author concludes that economic interdependence and regional cooperation in Asia have constrained a power struggle from spiraling out of control, while open regionalism has become a reasonable approach to regional institution building. Finally, the paper makes policy recommendations with respect to principles and steps in moving to a new regional security order.