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Comparing and Contrasting Economic Integration in the Asia-Pacific Region and Europe

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Europe and Asia

Part of the book series: Palgrave Studies in European Union Politics ((PSEUP))

Abstract

The main objective of this chapter is to assess, using a number of statistical tools, the intensity of economic integration in a comparative framework by focusing on the European Union and the Asia-Pacific region, which, for the purposes of this chapter, comprises the Association of Southeast Asian Nations (ASEAN) Plus Three (China, Japan, South Korea), and, in addition, Australia and New Zealand. The rationale for integrating Australia and New Zealand in the analysis stems from the fact that, from an economic viewpoint, these two countries are embedded in their own region. For example, according to figures released by the Australia Bureau of Statistics, more than two-fifths of Australia’s merchandise trade is with North Asian countries (in particular Japan, China and South Korea). This pattern of trade is in line with the predictions of gravity models, that highlight the significance of proximity in explaining economic flows (such as trade flows) between any two countries.2

The author wishes to acknowledge the help of Mr Utai Uprasen, Research Assistant (EAC), for sourcing the statistical material used in this study.

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Authors
  1. Bernadette Andreosso-O’Callaghan
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Editor information

Editors and Affiliations

  1. University of Melbourne, Australia

    Philomena Murray (Associate Professor in Political Science) (Associate Professor in Political Science)

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© 2008 Bernadette Andreosso-O’Callaghan

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Andreosso-O’Callaghan, B. (2008). Comparing and Contrasting Economic Integration in the Asia-Pacific Region and Europe. In: Murray, P. (eds) Europe and Asia. Palgrave Studies in European Union Politics. Palgrave Macmillan, London. https://doi.org/10.1057/9780230583160_4

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