The Asian style of regional integration may be seen as a “quasi-common economy” that eschews a formal linkup in political
or monetary terms, but manages to generate similar results by strong physical integration and distributed chains of production and service delivery. This note proposes the Asian quasi-common economy as a benchmark for South America’s regional
integration efforts because it is a better fit than the politically driven, broad-based, European style integrative process.
- Asia and South America: A Quasi-Common Economy Approach, Otaviano Canuto and Manu Sharma, Economic Premise No. 65, September 2011.