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ID 32453
file
creator
Siau Jia Jia
NDC
Political science
abstract
The interest in East Asian regionalism is growing among the regional elites and researchers but this is not a new idea as it arose from the 1997 financial crisis. In fact, the idea of East Asia regional grouping has been promoted by Malaysia Prime Minister Mahathir Mohamad in December 1990. The initial idea was to overcome the pressure from protectionism threats from the European Union and NAFTA. Nonetheless, Mahathir's brainchild of the East Asia Economic Caucus (EAEC) did not receive a pleasant response and it was being treated as an 'insane proposal'. The proposal received a negative feedback and remained suspect by the respondents. Mahathir restated that US could not be part of the EAEC as it cannot be a member of the European Community. His insistence on exclusive membership had given his fellow neighbours a hard time compromising on the issue.

Even though his idea was considered to have failed to persuade regional parties, it was a learning event before the creation of the Asean+3 Summit. The occurrence of the financial crisis showed the weakness of the regional communication and financial system in East Asia. As a result, elites agreed on the formation of the Asean+3 Summit. Since then it has become a regular consultation summit and has improved the regional cooperation issue.
journal title
Journal of International Development and Cooperation
volume
Volume 18
issue
Issue 1
start page
69
end page
81
date of issued
2011-12-01
publisher
広島大学大学院国際協力研究科
issn
1341-0903
ncid
SelfDOI
language
eng
nii type
Departmental Bulletin Paper
HU type
Departmental Bulletin Papers
DCMI type
text
format
application/pdf
text version
publisher
department
Graduate School for International Development and Cooperation
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