chapter
Introduction: Advancing the regional commons in the New East Asia
BySIRIPORN WAJJWALKU, KONG CHONG HO AND OSAMU YOSHIDA
Pages 7

East Asia is the region of great dynamism and regionalisation process is quite advanced. Apart from the Asia-Pacific Economic Cooperation (APEC), countries in East Asia have been involved in a number of regional cooperation schemes such as the Association of Southeast Asian Nations (ASEAN), ASEAN Plus Three (APT) and East Asian Summit (EAS). A significant moment in regionalisation occurred during the economic crisis of

1997 that led to the creation of APT, together with a long-time attempt of exploring and experimenting a regional cooperation pattern, contributing to the evolvement of APT. With the limitations of ASEAN mechanism focusing on consensus and non-intervention, and the slow progress of APEC, APT became the answer for the regional architecture (Stubbs, 2002). Although the speed and scope of cooperation has not been fast and comprehensive, the ultimate goal of creating an East Asian Community is still far away and obstacles are waiting (Md Damiri, 2011), APT’s past successful activities such as Chiang Mai Initiative, East Asia Emergence Rice Reserve, etc., prove that this arrangement can accomplish its mission and its future is still promising. In fact, it is witnessed that the longer APT cooperation continues, the broader and deeper the areas of cooperation become.1