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East
Asia Summit's Birthing Pains Dr. Eric Teo Chu Cheow (Council Secretary, Singapore Institute of International Affairs) The Strait Times, Singapore |
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Asian
Currency is Inevitable The Shanghai Daily, China The author is Dean of the Business School at East China University of Politics & Law |
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Time
to Institutionalise East Asian Cooperation C.P.F. Luhulima The Jakarta Post, Indonesia |
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Asia's
Answer to the IMF Alan Boyd The Asia Times |
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India
Looks Beyond Successful `Look East' Policy Endy M. Bayuni The Jakarta Post, Indonesia |
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China
and India to Extend Cooperation Executive Intelligence Review Ramtanu Maitra |
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Major
Step in Region's Financial Development The Standard, China |
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India
and Japan Should Deepen Strategic Engagement Mukul Asher (Professor, Lee The Financial Express, India |
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Will
Asia Come Together? Ramkishen Rajan (Visiting Associate Professor, Lee Business Times, Singapore |
Asian
Currency is Inevitable
The Shanghai Daily
February 25, 2005
Quick integration of East Asia's economies will provide a shot in the arm for the inevitable birth of a unified Asian currency. It took Europe about 40 years to produce the euro, but I believe full integration of East Asia's economies will occur in the next eight to 10 years - though the road to an Asian currency may be longer. I am optimistic for the following reasons. First, fast integration of 3 East Asia's economies. The complimentary nature of the region's economies allows the efficient allocation of capital, labor and natural resources.
Click here to read further: http://edu.sina.com.cn/en/2005-02-25/31037.html
East
Asia Summit's Birthing Pains
Dr. Eric
Teo Chu Cheow
The Strait Times, Singapore
February 22, 2004
At Last October's meeting of ASEAN heads of government in Vientiane, Laos, it was announced that an East Asian Summit will be launched by Malaysia (as host of the next ASEAN Summit) towards the end of this year. Many political observers in the region proclaimed the birth of a 'new Asia' - breaking new ground in Asian integration and community building.
Of equal interest today is the firm intent of India to join any East Asian grouping. As one senior Indian academic told me at an India-inspired High Level Conference on Asian Integration, held in Tokyo last November, New Delhi is determined not to 'miss the first train' of Asian integration.
Saddled with a troubled neighbourhood (terrorism, Kashmir, a royal coup d'etat in Nepal, growing Islamic militancy in Bangladesh, among other problems), India wants to avoid at all costs becoming a 'second-class member' of Asia. So India is seeking to be incorporated into the EAS' inner core - at whatever price.
Click here to read further: http://www.siiaonline.org/et_st220206
Asia's
Answer to the IMF
Alan Boyd
The Asia Times
February 19, 2005
When Haruhiko Kuroda was
named in November as the new chief of Asia's most influential development
agency, central bankers knew it would not be long before the career technocrat
shifted the agenda back to the delicate issue of monetary union. And the
timing could not be any better, given the dollar's free fall, concern
over the sick US trade and fiscal accounts and the risks these entail
for the region's blossoming free trade agreements.
In follow-up interviews, Kuroda has spoken of his mission to promote economic
stability through intraregional cooperation in trade and exchange systems
and of the advantages of achieving a single Asian currency. A weighty
tome on foreign exchange stabilization published on Friday quotes the
British-trained economist as specifically calling for the establishment
of an Asian Monetary Fund (AMF) that could take on the role of reforming
financial systems in much the same manner as the International Monetary
Fund (IMF).
Click here to read further: http://www.atimes.com/atimes/Asian_Economy/GB19Dk01.html
Time to Institutionalise East Asian Cooperation
C.P.F. Luhulima
The Jakarta Post
February 18, 2005
We should not interpret East Asia as a geographic concept but rather as a functional one. The dynamics of the economic, political and security interdependence in the region are constantly changing the extent of East Asia. The participation of India, Australia and New Zealand in various types of cooperative endeavors in East Asia could be considered as part of the functional concept of East Asia.
Click here to read further: www.jakartapost.com (Please go to The Jakarta Post Archives to access the article. The access to archive is on a registration basis, but is free.)
India Looks Beyond Successful `Look East' Policy
Endy M. Bayuni
The Jakarta Post
February 15, 2005
Looking beyond, a more confident India is already pushing the idea of a long term vision of a broader Asian economic community, involving initially ASEAN countries, India, China, Japan and South Korea.
Again both prime ministers Manmohan Singh and his predecessor Atal Bihari Vajpayee, in spite of coming from ideologically different political parties, have been selling the idea of an Asian community at the ASEAN summits.
There is a good reason why ASEAN and the rest of Asia should pay heed to India.
Click here to read further: www.jakartapost.com ( Please go to The Jakarta Post Archives to access the article. The access to archive is on a registration basis, but is free.)
China
and India Aim to Extend Cooperation
Ramtanu Maitra
Executive Intelligence Review
February 18, 2005
"The India-China two-way trade is now US$1 billion a month, compared to US$1 billion a year a decade ago. This twelve-fold increase in the last decade only goes to prove that though we are competitors in many respects, we are also complementary and supplementary to each other," an official statement said, quoting Kamal Nath. He also pointed out that if one takes ASEAN, China, Japan, Korea, and India together, the size of such an integrated market is that of the European Union in terms of income, and bigger than the North American Free Trade Agreement (NAFTA) in terms of trade.
Click here to read further: http://www.larouchepub.com/other/2005/3207china_india.html
Major
Step in Region's Financial Development
The Standard, China
February 12, 2005
Tight or loose dollar pegs have provided a convenient way to maintain competitiveness, especially on an intraregional basis. But emerging Asian policymakers show little interest in deeper monetary integration with the United States. With the exception of Hong Kong's currency board system, no emerging Asian country runs its domestic monetary policy directly off US policy
Emerging Asian economies have an interest in developing deeper regional cooperation through creating regional swap arrangements and two regional bond funds. So far, these efforts have been more symbolic than substantive. It would make sense for policymakers to extend this principle of cooperation to regional exchange rate policy.
Click here to read further: http://www.thestandard.com.hk/stdn/std/Markets/GB12Ag01.html
India
and Japan Should Deepen Strategic Engagement
Mukul Asher
The Financial Express, India
February 12, 2005
At this juncture, there is a strong case for India and Japan to broaden and deepen economic and political engagement to enhance strategic depth and leverage. The two countries had envisaged “global partnership” in 2000, and it is time to give greater substance to it. That India is the single largest recipient of Overseas Development Assistance is a strong signal from Japan, but it needs to be complemented by more robust economic and political relations.
Click here to read further: http://www.financialexpress.com/fe_full_story.php?content_id=82345
(Please note: If this link expires, please visit FE Archives at http://www.financialexpress.com/archive.html. FE maintains all its articles in its archives date wise.)
Ramkishen S Rajan
The Business Times, Singapore
February 1, 2005
While
Asian economic regionalism' has been a topic of long-standing debate in
academic and policy arenas, there has been a particular heightening of
interest in the subject over the last few years. This is due to a number
of reasons.
The
first is the contagious effects of the Asian economic crisis of 1997-98,
along with the perceived inadequate responses to the crisis by multilateral
agencies and extra-regional economic powers like the
The second is some notable external developments in regionalism, including hesitant moves to create a Free Trade Area of the Americas (FTAA), and, more importantly, the enlargement of the EU and the successful launch of the euro.
Click here to read further: http://business-times.asia1.com.sg/viewsopinions/0,4571,1107201540,00.html?
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