Economic integration in asia: Quo vadis Malaysia?

Abstract

Neo-liberal globalization has accelerated the space of economic integration in Asia,particularlybetweentherisingsuperpowersofChinaandIndiaandotherAsiannations. In this connection, this paper examines the degree of economic integration between Malaysia and the rapidly developing economies of China and India on the one hand and the United States and Japan on the other. This study shows that Malaysia is more integrated with China and India than with the United States and Japan. It is not that global integration is becoming less significant in Malaysia but that regional integration is becoming more deterministic. © 2010 Korea International Economic Association.