Economic and Financial Cooperation in East Aisa: Evolvement and Prospect

The tiptop ambit of regional economic and financial cooperation just is complete economic integration,which has became the historic tide in the present world. From the foundation of ASEAN in 1961, the progress of regional economic and financial cooperation in East Asia is always very little. The Asia finance crisis in 1997 makes every nation to recognize profoundly that in order to resist risks, all of nations should strengthen cooperation until realizing economic integration. This paper describes the progress of regional economic cooperation in east Asia, forecasts the prospects of economic integration, and expects the new era of financial integration in East Asia.