The political economy of economic regionalism in Northeast Asia: A unique and dynamic pattern

Since the mid-1980s there has been a gradual but steady rise of economic regionalism in Northeast Asia. However, the economic regionalism in Northeast Asia reveals its own dynamics and is presented in a form that is different from those in Western Europe and North America. Characterized by a 'flying geese pattern' that has been developing in the region over time, the regionalism is soft and open; that is, it is uninstitutionalized and less discriminatory against other economies. This ongoing regionalism in Northeast Asia will inevitably bring profound political and economic implications for the region and beyond.