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
31 Pages Posted: 4 May 2015
Date Written: May 3, 2015
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: Suggested Citation