There are currently a lot of elements which have and will have significant impacts on the East Asia, such as globalization, weakness of capitalism with sudden financial and economic crisis anywhere and the decline of middle class, rise of China, US pivot towards Asia, economic and financial difficulties in the EU and USA and the territorial disputes/non traditional security issues in the region. Also, current global governance in the forms of the UN, the BWIs, WTO and G20/G8 don't seem to work well for the world. In this rapidly changing world without appropriate global and regional governance, the East Asia region is covered with multilayered and duplicate sets of regional cooperation mechanisms: ASEAN, ASEAN+1, ASEAN +3/CMIM, EAS, ARF, 6 Party-talk, ADMM+, EAFTA/CEPEA/TPP/China-Japan-ROK FTA, APEC, ACD, G2/C2. How to consolidate the existinf regional mechanisms and possibly create a well-functioning regional governance to cope with the challenges and obstacles in the East Asia as the economic powerhouse of the globe remains to be the most important task for all countries in the region and beyond.
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Mr. Cha Youngcheol, Senior Fellow, IFANS
- Thursday, 27 September 2012
- 12.15 p.m. - 1.30 p.m.
Seminar Room 3-4
Level 3, Manasseh Meyer
Lee Kuan Yew School of Public Policy
469C Bukit Timah Road