Essay About Communication Of This Material And Asian Regional Economic Integration

Asia Regional Economic Integration
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Asian Regional Economic Integration: Fact or Fiction?ЎЇ
Presented at the Centre for Strategic and International Studies on 23 June
2005, Washington, DC, viewed on 20/02/2007,
Reading 2 of 5 (Essential) Texts on current pages 7-30 (not original book pages)
Williamson, Peter J 2004, ÐŽ®Consolidating the Asian Playing FieldЎЇ, in Winning in
Asia Strategies for Competing in the New Millennium, Harvard Business
School Press, Boston, pp. 191-218.
Reading 3 of 5 (Essential) Texts on current pages 31-70 (not original book pages)
Munakata, Naoko 2002, ÐŽ®Whither East Asian Economic Integration?ЎЇ, RIETI
Discussion Paper, RIETI, viewed on 20/02/2007.
Reading 4 of 5 (Optional) Texts on current pages 70-103 (not original book pages)
Williamson, Peter J, 2004, ÐŽ®Creating a New Breed of Asian MultinationalsЎЇ, in
Winning in Asia: Strategies for Competing in the New Millennium, Harvard
Business School Press, Boston, pp. 157-189.
Reading 5 of 5 (Optional) Texts on current pages 104-125 (not original book pages)
Hamlin, Michael Alan 2000, ÐŽ®Guanxi, Mergers and Acquisitions, and the New
Asian CorporationЎЇ, in The New Asian Corporation: Managing for the Future in
Post-Crisis, Jossey-Bass, San Francisco, pp. 103-124.
Texts begin from here
Reading 1 of 5(Optional)Texts on current pages 1-6 (not original book pages)
Kuroda, Haruhiko, ÐŽ®Asian Regional Economic Integration: Fact or Fiction?ЎЇ
Presented at the Centre for Strategic and International Studies on 23 June
2005, Washington, DC, viewed on 20/02/2007,
Weekly Readings
Week 6
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“Asian Regional Economic Integration: Fact or Fiction?”
Keynote Speech by
Haruhiko Kuroda
President
Asian Development Bank
At the Center for Strategic and International Studies
23 June 2005 Washington, DC
I. Introduction
Let me first thank Mr. Katz for his kind introduction, and the Center for
Strategic and International Studies (CSIS) for providing this opportunity.
It is a great pleasure for me to speak to you today about Asias economic
integration. As a key partner in Asias development, the Asian Development Bank
(ADB) has been involved with regional cooperation and economic integration
initiatives for many years.
ADBs vision is an Asia and Pacific free of poverty. To pursue this vision, we
provide finance and advice to borrowing member countries – development
solutions to help them achieve their goals.
Regional cooperation and integration is part of that solution. Only by working
together can Asian countries achieve sustained, rapid growth to reduce the still
overwhelming number of people living in poverty. And only by working together
can we create a future of shared prosperity, stability and peace.
So, let me turn to the question: is Asian economic integration fact or fiction?
II. Asia and the Pacific: Status of Integration I will start with a few facts.
Fact number one: Intraregional trade is flourishing.
This is especially true of East Asia, where intra-regional trade has
grown from less than 35% of all trade in 1980 to 54% in 2003.1 This
is a lower proportion than in the EU, but significantly higher than
the NAFTA region, where intra-regional trade represents 46% of all
trade.
Fact number two: Intraregional investment is significant.
As you know, foreign investment in the region, or FDI, picked up
rapidly in the early 1980s. As large multinational firms diversified
across Asia, new regional production networks and new channels
for intraregional investment were created.
In the period covering 1990 to 2002, for example, Japan was the
largest developed country investor in the ASEAN countries
(excluding