East Asia Economic Community establishment Prospects Essay Example for Free

East Asia Economic Community hitment Prospects examineFollowing the dynamic trends amplified by bulky globalization, regional desegregation is becoming increasingly important end-to-end the globe. Since late 1940s, East Asia has been struggling to establish regional cooperation with little success. Massive differences, unrealistic demands and bureaucratic lead has made this dream a quagmire in the horizon. However, understanding the massive benefits that new(prenominal) regional integrations desire European Union have achieved, East Asian Countries appears to have made a clear stopping point to fully integrate.As indicated and amplified by the outcome of the 2007 Nikkei conference, the region has various prospects that integration is required to de bangr to them afterwards its adoption (Kent Francis, 2008, pp. 63-64). To begin with, they expect faster and improved stinting growth in the region. With the region attribute over 25% of the total world population glob wh ollyy and commanding a global outgrowth Domestic Product of over US $ 9 trillion, it posses a potential content both locally and internationally in terms of market forces of goods and services at all times.With increased expert capacity to produce high quality goods and services as indicated by China, Japan and Korea, the region looks forward to vast modernization which has been projected to surpass North America if fully and carefully implemented. As a stem the region will command greater market and control to international outsourcing investors to its advantage. Therefore, like European Union, the company will act as the main negotiator for standards as well as the conditions and requirements for conducting business with other partners (Praduma, 2005, pp.14-15).To add to that, regional security will be highly boosted for the investors and the local community in the region. Since phratry 9/11 terrorist attack in US, South East Asia like other regions has been under great thr eat from terrorists. Integration hence will ease the flow of information within the region establish standards for goods entering the region and avail enough resources necessary for forensic diplomatic preparedness at all times.As denoted by the European Union, air, land and naval surveillance should be amply boosted thereby maintaining regional peace the whole region (Kent Francis, 2008, p. 235). Besides, regional disasters that frequent the region should be conclusively addressed. Adequate technological and financial preparedness should be established. As a result it will ease monitoring, prevention and incidental mitigation of the possible resultant damages. To add to that, regional cultures should be greatly safeguarded to ensure that all the communities live in harmony with each other.Based on traditional philosophies and religious basements like Taoism in China, the bloc will have to carefully enshrine all the communities believes and faiths (Hua Sing Lim, 2008, pp. 25-26) . Conclusion. East Asia Economic community prospects of expediency in regional economy, high level security as well as cultural vicissitude recognition and enhancement will ensure that the region remains focused. Leaders in the region therefore should refer to the above prospects as a uniting front for achieving the desired integration objectives in the region.This integration should therefore be hastened to ensure that speedy benefits trickle to the region.Work CitedHua Sing Lim. Policy implications of of economic integration East Asian community. Singapore Institute of Southeast Asian Studies, 2008. Kent, Calder Francis Fukuyama. East Asian Multilateralism Prospects for regional Stability. John Hopkin press Baltimore, 2008. Praduma, Rana. Economic Integration in East Asia Trends, Prospects and possible road map. 2005. Retrieved from http//www. ris. org. in/china_pradumna_rana. pdf.