Abstract
The density of regionalized economic activity is significantly high in both East Asia1 and Europe. This so-called ‘regionalization’ derives from various transnational business and infrastructural linkages that have deepened in both regions over time. Intra-regional trade and investment flows in both Europe and East Asia have not only increased, but also have become more systemically integrated, mainly through the expansion of international production and distribution networks. These networks represent an important micro-level foundation to regional integration in East Asia and Europe on which state-led projects of regionalism, such as the Single European Market, and the Association of Southeast Asian Nations (ASEAN) Free Trade Area have been built. Conversely, these projects have further spurred the development of international production networks (IPNs), thus suggesting a symbiotic relationship.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
