Three countries in East Asia—China, Japan, and South Korea—constitute one of the most dynamic economic regions in the world, but it is a region where formal regional machinery such as the European Union or NAFTA is yet to be established. The region may not be ready for such machinery yet, as some have argued, but there are many good reasons why the three East Asian countries should start now on a regional information infrastructure, a regional energy community, and a regional institution for financing infrastructure investment—are presented in this volume.

Three countries in East Asia—China, Japan, and South Korea—constitute one of the most dynamic economic regions in the world, but it is a region where formal regional machinery such as the European Union or NAFTA is yet to be established. The region may not be ready for such machinery yet, as some have argued, but there are many good reasons why the three East Asian countries should start now on a regional information infrastructure, a regional energy community, and a regional institution for financing infrastructure investment—are presented in this volume.