From Fragmentation to Coherence: A Way Forward for East Asia

Forthcoming in Mercurio & Lim (eds), International Economic Law after the Crisis: A Tale of Fragmented Disciplines, Cambridge University Press, 2015, 107-133

UNSW Law Research Paper No. 2015-17

31 Pages Posted: 4 May 2015

See all articles by Ross P. Buckley

Ross P. Buckley

University of New South Wales (UNSW) - Faculty of Law

Date Written: May 3, 2015

Abstract

East Asia’s voice in global and economic governance is fragmented and thus relatively ineffective. The region is under-represented, by any measure, on the International Monetary Fund, the Bank for International Settlements and the Financial Standards Board. Only in the G-20 does the region have fair representation, but its impact is limited because it speaks with a fragmented voice. There are large areas of agreement among regional nations on core economic and governance issues which the region could work together to promote. This article explores in general what keeps the region’s three largest economies apart on so many issues and, in particular, explores the huge price China is paying in soft power terms for its belligerence over territorial claims in the South China and East China Seas.

Keywords: economic governance, IMF, G20, East Asia, China

Suggested Citation

Buckley, Ross P., From Fragmentation to Coherence: A Way Forward for East Asia (May 3, 2015). Forthcoming in Mercurio & Lim (eds), International Economic Law after the Crisis: A Tale of Fragmented Disciplines, Cambridge University Press, 2015, 107-133; UNSW Law Research Paper No. 2015-17. Available at SSRN: https://ssrn.com/abstract=2601927

Ross P. Buckley (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia

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