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Two Dialectics Between Polity and Economy: European and Asian Integration Processes Compared

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Evolving Diversity and Interdependence of Capitalisms

Part of the book series: Evolutionary Economics and Social Complexity Science ((EESCS,volume 11))

Abstract

The world has become so heterogeneous and contradictory, and simultaneously most nation–states appear too small to exert any influence upon the redesign of international institutions. Thus regional integration is a third way, explored in Europe and Asia. RÕgulation theory analyses their conditions of viability: does regional integration contribute to the long-run viability of a domestic economic growth regime, and is it legitimized by a stable political coalition? Since polity and economy interact according to ever-changing patterns, European and Asian integrations display different trajectories: a constant institutional deepening during decades and then the Eurozone major crisis versus a more pragmatic, business led and resilient trajectory in Asia. Contemporary regional integrations face four obstacles: the heterogeneity of development, the dissymmetry of geopolitical power among member states, the dominance of international finance over governments, an unbalanced approach between polity and economy. This chapter proposes one synthetic criterion concerning the dividing line between the success and failure of a regional integration project: everything is up to the compatibility of various national accumulation regimes with the rules of the game that result from intergovernmental bargaining.

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Authors and Affiliations

  1. Institut des Amériques, Vanves, France

    Robert Boyer

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  1. Robert Boyer
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Correspondence to Robert Boyer .

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Editors and Affiliations

  1. Institut des Amériques, Vanves, France

    Robert Boyer

  2. Yokohama National University, Yokohama, Japan

    Hiroyasu Uemura

  3. Nagoya University, Nagoya, Japan

    Toshio Yamada

  4. Peking University, Beijing, China

    Lei Song

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Boyer, R. (2018). Two Dialectics Between Polity and Economy: European and Asian Integration Processes Compared. In: Boyer, R., Uemura, H., Yamada, T., Song, L. (eds) Evolving Diversity and Interdependence of Capitalisms. Evolutionary Economics and Social Complexity Science, vol 11. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55001-3_2

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