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2017 | OriginalPaper | Chapter

4. Economic Development and Crises

Authors : Evgeny Vinokurov, Alexander Libman

Published in: Re-Evaluating Regional Organizations

Publisher: Springer International Publishing

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Abstract

The chapter investigates how the economic factors influence the path of development of regional organizations and their objectives. In particular, it focuses on two variables. First, the chapter investigates the differences in the objectives of regional organizations depending on the level of economic development of their members and the distinction that exists between poor and rich countries from this point of view. Second, the chapter discusses how short-term economic dynamics (especially economic crises) can shape the development of the regional organization. The second crucial factor we identify is the economic development of member countries. The analysis, in particular, highlights how regional organizations type can be – both intentionally and unintentionally – transformed by economic crises.

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previous chapter Historical Factors
next chapter Power Asymmetries
Footnotes
1
Gray 2014a.
 
2
Börzel and Risse 2009.
 
3
Shams 2005.
 
4
Vinokurov and Libman 2012. On the idea of donor-driven regionalism in Central Asia see Matveeva 2007.
 
5
Powell and Stringham 2009; Büthe and Matti 2011.
 
6
On the role of regional production networks in East Asia, see Peng 2000, 2002.
 
7
Meagher 1997.
 
8
Knetter and Prusa 2003; Bagwell and Staiger 2003; Henn and McDonald 2011; Bown and Crowley 2013; Georgiados and Graeb 2013.
 
9
Handley 1981.
 
10
Everett 2009.
 
11
Vinokurov and Libman 2014.
 
12
Mundell 1961.
 
Literature
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Büthe, T., & Mattli, W. (2011) The New Global Rulers. The Privatization of Regulation in the World Economy. Princeton: Princeton University Press.
Everett, S.J. (2009) What Can Be Learned from Crisis-Era Protectionism? An Initial Assessment. Business and Politics 11(3): 1–28.
Georgiados, G., & Graeb, J. (2013). Growth, Competitiveness and Trade Protectionism during the Great Recession. Unpublished Manuscript, European Central Bank.
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Meagher, K. (1997) Informal Integration or Economic Subversion? Parallel Trade in West Africa. In Lavergne, R (ed.) Regional Integration and Cooperation in West Africa: A Multidimensional Perspective. Ottawa: Africa World Press, IDRC.
Mundell, R.A (1961) A Theory of Optimal Currency Areas. American Economic Review 51(4): 657–665
Peng, D. (2000) The Changing Nature of East Asia as an Economic Region. Pacific Affairs 73(2): 171–191.CrossRef
Peng, D. (2002) Invisible Linkages: A Regional Perspective of East Asian Political Economy. International Studies Quarterly 46(3): 423–447.CrossRef
Powell, B., & Stringham, E.P. (2009) Public Choice and the Economic Analysis of Anarchy: A Survey. Public Choice 140(3–4): 503–538.CrossRef
Shams, R. (2005). The Drive to Economic Integration in Africa. HWWA Working Paper No. 316.
Vinokurov, E., & Libman, A. (2012) Eurasian Integration: Challenges of Transcontinental Regionalism. Basingstoke: Palgrave MacMillan.CrossRef
Matveeva, A. (2007) The Regionalist Project in Central Asia: Unwilling Playmates. LSE Crisis States Working Paper No. 2.
Metadata
Title
Economic Development and Crises
Authors
Evgeny Vinokurov
Alexander Libman
Copyright Year
2017
Book
Re-Evaluating Regional Organizations

Print ISBN: 978-3-319-53054-3

Electronic ISBN: 978-3-319-53055-0

Copyright Year: 2017

DOI
https://doi.org/10.1007/978-3-319-53055-0_4