Case Study (Economic Cooperation in East Asia)




Summer Semester; Thu.; Time slot #6


East Asia has in recent years experienced a significant rise in global influence due in large part to its rapid economic growth and expansion of international trade. While regional production networks have steadily expanded, development of regional financial markets has lagged behind. The Asian crisis in 1997 prompted regional economic cooperation in ASEAN+3 in the areas of bond markets and bilateral swaps of foreign exchange reserves. As we move forward, economic surveillance and transparency will be of critical importance in the transition from the current bilateral swap arraignment to a multilateral monetary cooperation. Economic reform in the Mekong region will be a necessity if economic integration within ASEAN, the platform from which any extensive regional cooperation must be based, is to continue. This case study will examine East Asian economic integration in light of production, financial markets, and macroeconomic interdependence. We will discuss the future of Free Trade Agreements, financial and monetary cooperation, and macroeconomic surveillance.

The course will be conducted in English, and active participation will be encouraged. Fluency in English is not required. The course aims to prepare students for future positions, in both the public and private sectors, where an international perspective is required. Students will form several groups depending on their interests and collectively write a final paper in English.

Guest speakers will be invited to introduce recent developments and prospects for economic cooperation in East Asia.

Course materials

Emerging Asian Regionalism(Asian Development Bank, 2009)


Grading will be based on class participation (50%) and a report (50%). Active class participation will be highly evaluated, but fluency in English will NOT be necessary.

Other resources