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ASEAN-China Relations: Realities and Prospects

By: Saw Swee-Hock; Sheng Lijun et al. | Book details

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ASEAN+3: The Roles of
ASEAN and China
Eric Teo Chu CheowEast Asia is in the throes of an important socio-economic evolutionary process, after three waves of monumental transformation since the late 1980s. Each wave of change and transformation moulded East Asia incrementally and helped forge an East Asian economic model, which is becoming discernable today. In turn, the emergence of this "new" model is dictating East Asia's challenges and opportunities, as new socio-economic and political trends emerge and as East Asian regionalism take off.In this regional context, ASEAN and China are playing important roles in shaping ASEAN+3 in socio-economic development, regional peace and cooperation, and the cultural affirmation of an Asian identity. This chapter focuses on three aspects.
1. The East Asian socio-economic transformation in three waves (liberalization/globalization, the 1997–98 Asian financial crisis and the Severe Acute Respiratory Syndrome or SARS epidemic) has prompted China and ASEAN to develop an East Asian model of socio-economic development;
2. The fundamental geopolitics is based on a shifting ASEAN-China relationship, thanks to China's pragmatism and ASEAN's changed threat perception of China;

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