Institutional Design of Regional Integration: Balancing Delegation and Representation
Hix, Simon | November 2010
Abstract
Regional economic integration involves the removal of barriers and the establishment of common rules. Common rules can be facilitated by delegating policy initiative to an independent executive agency. Several Asian governments oppose any such delegation. However, the lesson from the European Union is that a supranational agency can be tightly controlled if it is carefully designed. The paper assesses the prerequisites for such a design in Asia: specifically whether national preferences have converged, and whether an equitable system of representation can be established. Several institutional scenarios for an “Asian economic union” are considered.
Citation
Hix, Simon. 2010. Institutional Design of Regional Integration: Balancing Delegation and Representation. © Asian Development Bank. http://hdl.handle.net/11540/1389.Keywords
Development Economics
Regional Economic Development
Economic Impact
Asian Development Bank
Development
Economic Boom
Regional Economic Integration
Good Governance
Governance Approach
Economic planning
Economic structure
Growth policy
Trade relations
Trade policy
Trade policy
Economic development
Economies in transition
International economy
Border integration
Economic integration
Gross domestic product
Trade policy
Institutional Framework
Public Administration
Business Ethics
Regional economics
Economic forecasting
Economic development projects
Success in business
Business
Free trade
Business
Economics
Communication in economic development
Restraint of trade
International economic integration
Trade blocs
East-West trade
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http://hdl.handle.net/11540/1389Metadata
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