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What are some examples of increasing economic ties among Asian countries,…

- - - - development-oriented regional economic integration mechanism; China helps to fund infrastructure-building in Asia's developing economies; **increasing intra-Asian connectivity will complement free trade agreements like CPTPP and RCEP
      - Allows for Asian developing countries, specifically least developed ones to take part in regional economic integration, having connectivity centered on infrastructure as precondition for meeting Asian countries' development needs
      - providing regional public goods for the region i.e.
        
        providing a final consumption market for region's economic growth
        
        concept of Asian community of shared future to improve shared development in Asia
        
        connectivity helps reduce impediments to regional economic growth
    - - PREMISE: US-China relations have affected balance of power within Asia, causing Asian countries to be wary of their security...
        
        -- BRI allows for countries to be more pro-China in their security and economic alliances, not as dependent on Western countries and/or swayed by Western influence
        -- BRI = China breaking out of being surrounded by its adversaries i.e. US/West, by carrots of infrastructure and economic development
      - Through BRI, will utilize new concept of Asian security to guide and improve the construction of an Asian security system
        
        focusing on sustainable security in region → elimination of non-economic contradictions among Asian countries (i.e. resolving disagreements that are not related to money among Asian countries), helping reduce obstacles to Asian regional economic integration, making regional economic integration easier
  - - - having ASEAN, ASEAN + 3 (Japan, China + SK), ASEAN + 6 (Australia + New Zealand) part of singular FTA, increases economic ties among Asian countries like never before
        
        encouragement of trade in goods and services and investment across East Asia → thus contributing to the continued economic development of the region as a whole
        
        facilitate establishment of production networks or supply chains in ASEAN and East Asia
        
        narrow economic gaps b/w advanced and developing countries within region
      - *First FTA comprising China, Japan + SK, three major economies in NE Asia
        
        being world largest FTA (15 countries part of it), comprise 1/3 of world pop. + 30% of global GDP
    - - RCEP being an ASEAN-led FTA, ensuring ASEAN centrality in East Asia is maintained; ASEAN centrality tackling security arrangements, economic cooperation amongst 15 nations listed can further help resolve such security tensions
  - - - AIIB represents a case of potential ‘leadership transition’ in Asian sphere**
      - Balance of power b/w US + China; having a Chinese-led bank tilting balance potentially in China's favor, can be positive or negative
        
        still in the unknown because tilt hasn't yet occurred, but possibility of it occurring shows how AIIB affects security tensions
        
        will states turn away from US and side with China in terms of economic matters, which in turn help with security aspects, or will they keep US as hegemony in region...
    - - DEFINITION: infrastructure development in developing Asia; members not limited to Asia tho...
      - offering public goods through the AIIB i.e. infrastructure development, cross-border connectivity, overall economic growth
      - *even though it's an institution, it still falls under increasing economic ties among Asian countries, seeing various Asian countries are members e.g. China, Korea, and Hong Kong in the East, Vietnam, Singapore, Indonesia in SE, India in the South
        
        accurate description of increasing economic ties will most likely be seen in the future, but can't deny it's actual presence in Asian IR today