Deepening regionalism in Europe and ASEAN - the role of economic constitution

Murray, Philomena and Orcalli, Gabriele, (2012). Deepening regionalism in Europe and ASEAN - the role of economic constitution. Journal of Asia Pacific Economy, 17(3), 426-445

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  • Sub-type Journal article
    Author Murray, Philomena
    Orcalli, Gabriele
    Title Deepening regionalism in Europe and ASEAN - the role of economic constitution
    Appearing in Journal of Asia Pacific Economy
    Volume 17
    Issue No. 3
    Publication Date 2012-08
    Publisher Routledge
    Start page 426
    End page 445
    Language En
    Abstract The article examines the creation of an internal market in Europe and Southeast Asia from the perspective of constitutional economics. It assesses whether the success or failure of a regional integration process depends on the quality of the economic constitution that is chosen by participating countries, that is, on the set of rules and institutions, which bind the actions and transactions of operators within a jurisdiction and towards the operators of other jurisdictions. The article commences with an overview of the analytical instruments of constitutional economics in order to evaluate the success of a regional agreement on the basis of the ‘quality’ of its economic constitution. It then examines internal market creation in the EU and the Association of Southeast Asian Nation (ASEAN). The article concludes that it is the commitment to the implementation of a social contract that determines the successful establishment of a single market.
    Keyword Constitutional economics
    Regionalism
    Integration
    Europe
    ASEAN
    Single market
    JEL F13
    B52
    Copyright Holder Taylor & Francis
    Copyright Year 2012
    Copyright type All rights reserved
    ISSN 14699648
    DOI 10.1080/13547860.2012.694698
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    Created: Fri, 18 Apr 2014, 14:59:16 JST