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East Asian countries - currently the most dynamic region of the global economy - have recently pursued trade liberalization through the adoption of various forms of bilateral and plurilateral Free Trade Agreements (FTAs). The book explores the key issues and possible outcomes arising from this departure from the region's traditional multilateral approach to trade liberalization. Implications of this new approach for the region as a whole, and key participating individual economies and blocs of economies, are emphasized. New East Asian Regionalism includes up-to-date analysis of the most recent developments in FTAs between countries in East Asia, as well as those involving countries from outside the region. Furthermore, the book includes invaluable projections on economic and welfare outcomes of regional trade agreements, using the very latest empirical techniques, and data. The book also considers the implications arising from closer financial integration in the region. This book will be warmly welcomed by scholars of regional science, international economics and business, as well as Asian studies. Policymakers at both the national government and international organization level will also find this book of great interest.