East Asian Regionalism at a Crossroads

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This paper deals with two questions. One is how the competing logics ofthe balance of power vs. comparative advantage will determine the course ofEast Asian regionalism. This discussion suggests that the new regional securityagenda accompanying China’s recent policy choices, combined with fresh USattention to the region, have the potential to change the course of regionalismfrom an East Asian focus to a trans-pacific focus. The other question is howthe Euro crisis may affect the course of East Asian regionalism. It is suggestedthat the Euro crisis contains many negative lessons that, unlike the newAsian security agenda, will tend to reinforce the current model of East Asianregionalism.

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