Globalisation and regionalisation are two dynamic transformative processes in the contemporary world. In the past few decades they have been major driving forces in the dramatic transformation of East Asia.
The rise of China in the 21st century as a regional, and potentially a global, economic power is the defining feature of regionalisation in East Asia. Rising China’s integration into the regional and global economy in an orderly win-win manner presents challenges as well as opportunities for the ongoing transformation of the region.
Author: Yongjin Zhang