Economic and monetary integration in East Asia

Ahmad, Nursilah and Duasa, Jarita (2019) Economic and monetary integration in East Asia. In: International Seminar on Islam and Science (SAIS) 2019, 31st October 2019, Nilai,. Negeri Sembilan.

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Abstract

Economic integration (or union) refers to economic linkages or interdependence between countries. The flow of trade, capital, labor and technology across countries are evidence of economic linkages. The reduction or elimination of trade barriers among nations will eventually bring together the commodity market, financial market and labor market of the economies involved. However, the dissimilarity of the level of economic development and monetary system is commonly said to be the main obstacle to the adoption of policies to support economic and monetary integration. On the other hand, the similarity of past macroeconomic policies, stage of economic development and financial systems would increase the suitability of countries to be integrated. This paper examines the latest trend in the economic and monetary integration in selected East Asia countries and look for possible convergence pattern. There are evidence supporting positive impact of forming an economic and monetary integration in these economies.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	3479/49765
Uncontrolled Keywords:	Economic integration, monetary integration, East Asia
Subjects:	H Social Sciences > HB Economic Theory > HB71 Economics as a science H Social Sciences > HC Economic History and Conditions > HC94 By region or country
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Prof. Dr. Jarita Duasa
Date Deposited:	16 Dec 2019 16:15
Last Modified:	16 Dec 2019 16:15
URI:	http://irep.iium.edu.my/id/eprint/49765

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