China & World Economy / 92–107, Vol. 20, No. 4, 2012
Emergence of ASEAN, China and India and the Regional Architecture
Yunling Zhang, Minghui Shen*
Abstract
The rise of ASEAN, China and India as economic powers is of great significance to regional as well as global economic development. Although their ascendance in the global economy will continue, they will have to go to great pains to meet the new challenges. Considering ASEAN, China and India as a group, due to their differences in economic development levels, economic structures and policy concern priorities, it is difficult for them to formulate a unified position on a range of global issues. ASEAN, China and India must foster an open, transparent and efficient regional as well as global environment. They need to cooperate in designing the architecture to ensure regional as well as global freer trade and investment and more stable finance, and to play more active roles in future global governance and rulemaking.
Key words: ASEAN, China and India, economic rise, new challenges, free trade agreement, international system
JEL codes: F13, F15, F55