Financial Instability. Is Regionalism The Answer?

      Аннотация: Economic and financial globalization has favoured strong economies raising critical questions about the governance of the international political and economic system. Since World War II, states around the world have signed over one hundred regional agreements. In more recent times, the speed of globalization fostered by the technological compression of time and space has accelerated the rise of regionalism. This book examines how financial crises affect power relations. Is Economic Regionalism the answer to the risks of Financial Instability? Does Financial Instability cause economically vulnerable countries to seek mechanisms to protect their economic power and build a shield in the form of regional economic and monetary integration and so attempt a systemic change? Do financial crises lead to deepening regional integration? The EU and ASEAN are perfect examples.

Ключевые слова: economics, Trade, power, Political Science, Realism, financial integration, International Relations, Globalization, European Union, World Trade Organization, politics, foreign direct investment, European Integration, Monetary Union, Economic Integration, Capitalism, Regionalism, economic community, Political Change, FDI, financial, Southeast Asia, EU, WTO, NAFTA, Financial Crisis, treaty, East Asia, political theory, ASEAN, European Commission, ECB, FED, Crisis, economic theory, Instability, Interdependence, international organizations, Multilateralism, ITO, Foreign Exchange, European Central Bank, Federal Reserve Bank, financial instability, NATIONAL INTEREST, Currency Crisis, Asian Financial Crisis, Regional Organizations, Central Bank, AFC, Intraregional Trade, complex interdependence, Free Trade Area, UNCTAD, global capitalism, Economic Cooperation, financial globalization, international institution, international regime, European regionalism, economic indicator, Inward FDI, Outward FDI, intraregional export, devaluation, currency devaluation, merchandise export, trade growth, output growth, stock market capitalization, AFTA, AMF, monetary fund, preferential tariff, monetary system, International Trade Organization, United Nations Conference on Trade and Development, EEC