Jump to ContentJump to Main Navigation
Prospects for Monetary Cooperation and Integration in East Asia$
Users without a subscription are not able to see the full content.

Ulrich Volz

Print publication date: 2010

Print ISBN-13: 9780262013994

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013994.001.0001

Show Summary Details
Page of

PRINTED FROM MIT PRESS SCHOLARSHIP ONLINE (www.mitpress.universitypressscholarship.com). (c) Copyright The MIT Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in MITSO for personal use (for details see www.mitpress.universitypressscholarship.com/page/privacy-policy).date: 20 November 2018

The Rise of China

The Rise of China

Chapter:
(p.41) 4 The Rise of China
Source:
Prospects for Monetary Cooperation and Integration in East Asia
Author(s):

Ulrich Volz

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013994.003.0004

This chapter discusses how the rise of China fueled East Asia’s interest in regional monetary cooperation and integration. China’s rise nurtured the notion in Southeast Asia that ASEAN countries need to restructure and integrate their economies in order to stay competitive and remain an important growth pole in the global economy. Aside from pushing AFTA, ASEAN leaders also declared the goal of establishing an ASEAN Economic Community (AEC) by 2020, during 2003 ASEAN Summit in Bali. The AEC is envisaged as a single market and production base with free flow of goods, services, investments, capital, and skilled labor. Even the possibility of creating a single currency for the AEC has been raised. The rationale for the AEC is that an integrated ASEAN market with a combined population of more than 550 million should keep the region competitive vis-à-vis China—and the other rising giant, India.

Keywords:   ASEAN, Southeast Asian countries, regional monetary cooperation, regional integration, AFTA, ASEAN Economic Community

MIT Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.