Pub. date: 2007 | Online Pub. Date: September 15, 2007 | DOI: 10.4135/9781412952613 | Print ISBN: 9781412905794 | Online ISBN: 9781412952613| Publisher:SAGE Publications, Inc.About this encyclopedia
East Asian Economic Grouping
Alice D. Ba
Proposed in 1990 by Malaysia's former Prime Minister Mahathir bin Mohamed, the East Asian Economic Group (EAEG) represented the idea of an exclusivist East Asian regionalism. As conceived by Mahathir, the EAEG would be Japan-led and would serve as a muchneeded counter to emerging regional blocs in Europe and North America. The proposed group included the ten Southeast Asian states, China, and Korea, in addition to Japan, but notably excluded both the United States and Australia. The creation of the European Union (EU) under the 1992 Maastricht Treaty and the signing of the 1992 North American Free Trade Agreement (NAFTA) were important factors behind Mahathir's ...