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Asian open regionalism and strengthening regional institutions

Comment on Amitendu Palit “Should Asia begin to look within?” 24/04/2010, http://www.eastasiaforum.org/2010/04/24/should-asia-begin-to-look-within/

To me, it is not a question of should or not, it is natural and optimal.

It is only a rational response to changed world economic situations but not a change to open regionalism per se.

With policies of open to every opportunity, Asian countries will of course also look at intra regional trade to enhance mutual growth and prosperity.

Further, the Greece debt problems and its implications also mean a need to further strengthen regional institutions to complement other international organisations such as the IMF, because the latter may not necessarily be able to work best to suit all regional needs for one reason or another, as history has demonstrated.

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