Sequencing Regionalism: Theory, European Practice, and Lessons for Asia
Baldwin, Richard E. | June 2011
Abstract
Feedback mechanisms are the key to sequencing when it comes to regional integration;
can mean that today’s policy or institution alters the political-economy landscape in a
way that makes it politically optimal for future governments to take further steps toward
integration—even when these steps are not politically optimal from today’s perspective.
After outlining the theory, the paper uses feedback mechanisms to organize Europe’s
postwar integration narrative, and then draws lessons for today’s integration of East
Asia. The paper suggests that the spontaneous cooperation that created “Factory Asia”
has not been codified. One starting point for Asian regional institutions would be to
institutionalize the spontaneous cooperation that already exists on trade, services, and
investment. New, creative thinking is needed on the sort of soft-law commitments and
new modes of cooperation that would make this work with limited sovereignty pooling.
Citation
Baldwin, Richard E.. 2011. Sequencing Regionalism: Theory, European Practice, and Lessons for Asia. © Asian Development Bank. http://hdl.handle.net/11540/2025. License: CC BY 3.0 IGO.Keywords
Regionalism
Regional Economy
Regional Trading Arrangements
Regional Trade Integration
Regional Economic Integration
Regional Cooperation
Interregional Cooperation
Trade Disputes
Trade Barriers
Economic integration
Regional Development Bank
Preferential tariffs
International negotiation
Protectionist measures
Access to markets
Economic agreements
International trade law
Regional integration
Trade relations
Regional disparities
Interregionalism
Regional economic disparities
Regional economic blocs
Industrial arbitration
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