Economic and regional integration in Asia

Abstract

The main trends of the economic integration in Asia are considered in the article. The reaction to the slowdown of the globalization was expressed in the regional integration, which driving forces are gradually changing. Previously the regional trade integration, carried out by bilateral trade agreements, had been developing most of all. Since the middle of 1990s the closely related investment integration began to expand, supported by production value chains, as well as financial integration, implemented by the regional network of banking and security transactions.

Keywords

• economic integration
• trade agreements
• intraregional trade
• chains value added production
• direct investment
• banking.