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BA-International Business-Asia

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BA-International Business-Asia

Asian integration has progressed through various interventions to form greater investment

and trade linkages underpinned by international commitments driven by market-led integrations.

For instance, strategic approaches to economic development concerning their export orientation

mandate and integration into global value chains and regional chains have resulted in Asian

economies conducive to rapid global economic growth. Additionally, integration proved

valuable, enabling states to overcome divisions and eliminating barriers through mutual

agreement between nations, sustaining improved productivity and achieving utmost economic

interdependence (Sapkota et al., 2018). Besides, to ensure policies supportive of integration, the

argument for the Asian market requires implementation of initiatives supported through high

commitment levels between states to manage integration due to Asian market diversity and

constraints each country has (Sapkota et al., 2018). For East Asia, their primary driver attributes

from trade, making it essential for evolved integration enabled through adaptive policies leading

to greater macroeconomic benefits.

Consequently, the integration creates overall institutional support necessary for regional

and national levels for systematic monitoring and evaluation techniques to understand the

essence of better-informed policy guided to defining integration of allied policies. The

integration aspect is a crucial aspect that the World Bank Group promotes to client countries by

promoting common institutional and physical infrastructural attributes through regional

integration (Sapkota et al., 2018). Such attributes allow states to overcome costly divisions in

incorporating service, goods, and factors markets created by inefficient policies between

countries for their economic development. It has created cooperation with different levels of

shared sovereignty and policy commitment giving priorities to states to gain substantial
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economic, political, and social reforms. However, risks attributed for utmost conformance,

certain risks need comprehensive comprehensions, such as countries having diverse priorities

and differences resulting from economic geography, connectivity gaps, and sovereignty in

particular spaces. Therefore, with inclusivity, Asian and other states globally will notably ensure

an inclusive, social, environmental, and governance risk evaluated and monitored effectively to

enhance integration support.

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Reference

Sapkota, J. B., Acharya, C. P., Minowa, M., & Neupane, P. (2018). Trade integration in Asia:

Trends and determinants. Journal of International Studies, 11(3).