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.

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