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The Asia-Europe Meeting: Contributing to a New Global Governance Architecture

The Asia-Europe Meeting: Contributing to a New Global Governance Architecture: The Eighth ASEM Summit in Brussels (2010)

Sebastian Bersick
Paul van der Velde
Copyright Date: 2011
Pages: 264
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  • Book Info
    The Asia-Europe Meeting: Contributing to a New Global Governance Architecture
    Book Description:

    The Asia-Europe Meeting (ASEM) process was designed in 1996 to bring Asia and Europe closer together. The Asia-Europe Meeting: Contributing to a New Global Governance Architecture focuses on the discussions and results of the eighth ASEM Summit that took place in October 2010 in Brussels. It gives a multifaceted picture of Asia-Europe convergences and disparities and helps to understand how these are dealt with through interregional political dialogue. Renowned academics and observers of Asia-Europe relations provide analysis and essential insights into the advantages and limitations of contemporary ASEM affairs, their most pertinent issues, and the role of ASEM as a constituent of the developing new global governance architecture. In addition, the book offers a unique insider's perspective of the preparations and negotiations of the Brussels events. The Annex of the book furthermore includes ASEM related primary sources not available in any publicly accessible record. This title is available in the OAPEN Library -

    eISBN: 978-90-485-1474-8
    Subjects: Political Science

Table of Contents

  1. Front Matter
    (pp. 1-4)
  2. Table of Contents
    (pp. 5-6)
  3. List of Tables and Figures
    (pp. 7-8)
  4. Abbreviations
    (pp. 9-12)
  5. Foreword
    (pp. 13-14)
    Steven Vanackere

    The Asia-Europe Meeting (ASEM) process was designed in 1996 to bring Asia and Europe closer together. In this, it has been most successful. With remarkable regularity, every two years, heads of state and government from the two regions have met, shared their views on world developments and cultivated their relationship.

    This book is a testimony of the eighth summit of Asian and European leaders. It was held on 4-5 October 2010 in Brussels, in the Royal Palace, by the gracious courtesy of His Majesty King Albert II. It was, by all accounts, a good summit. European and Asian leaders engaged...

  6. 1 The Asia-Europe Meeting: Contributing to a New Global Governance Architecture
    (pp. 15-22)
    Sebastian Bersick and Paul van der Velde

    The Asia-Europe Meeting (ASEM) held its first summit in 1996 in Thailand’s capital Bangkok. ASEM is an inter-regional process of cooperation and dialogue consisting of 48 members, namely the ten member states of the Association of Southeast Asian Nations (ASEAN), the 27 European Union (EU) member states, Australia, China, India, Japan, Mongolia, New Zealand, Pakistan, Russia and South Korea. In addition to these 46 countries, the European Commission and the ASEAN Secretariat also participate in their own right. The ASEM process, which has so far been loosely organised, addresses political and economic issues as well as security, education and culture....


    • 2 ASEM 8 Summit Texts – The Negotiation History
      (pp. 25-44)
      Bertrand de Crombrugghe

      Perhaps the most remarkable feature about ASEM is the punctual manner in which Asian and European leaders have met at the summit level. They have gathered with the regularity of a Swiss clock, every two years since 1996. There were neither institutional constraints nor compelling agenda requirements forcing them to do so. Nor can it be said that these meetings were always self-evident and easygoing. Quite the contrary in fact. What this demonstrates, then, is that leaders from Asia and Europe are keen to periodically confront their perceptions of world developments and to review the state of Asia-Europe relations. The...

    • 3 ASEM 8: The Narrative
      (pp. 45-56)
      Paul Lambert

      ASEM summits do not stand on their own. Though the meeting of the heads of state and government at the Royal Palace in Brussels in early October 2010 was the main event, ASEM 8 also provided the stage for three further constituent parts of the ASEM ‘family’. An ASEM parliamentary forum (the Asia-Europe Parliamentary Partnership, ASEP), an ASEM People’s Forum (AEPF) and an ASEM Business Forum (AEBF) were held in parallel to the gathering of the leaders. In addition, the Asia-Europe Foundation (ASEF) – ASEM’s only permanent institution – organised a Connecting Civil Societies Conference including an editors’ round table...

    • 4 ASEM Working Methods Reform: An Identity Issue
      (pp. 57-70)
      Tom Vandenkendelaere

      Since 1996, ASEM has constituted a unique framework for dialogue and cooperation between Europe and Asia. Biennial summits of heads of state and government, annual ministerial meetings and even more frequent meetings at the level of senior officials provide a regular setting for political dialogue.¹ ASEM’s strength is its composition: 27 European Union (EU) member states, 16 Asian partners (of which 10 are members of ASEAN), three members of the so-called third temporary category (Australia, New Zealand and the Russian Federation), the European Commission (EC) and the ASEAN Secretariat.

      Despite occasional ups and downs, the framework has remained remarkably ‘open...

    • 5 Perception and ASEM Visibility in the European Media
      (pp. 71-84)
      Sebastian Bersick and Sebastian Bersick

      Asia-Europe relations are in need of better communication. Why is this so? As the European Union (EU) struggles with the political and economic dangers of the ongoing financial and economic crisis, the importance of the Asian region for EU policymaking is becoming ever more evident. The crisis only highlights the undergoing power shift from ‘the West’ to ‘the East’ and the continuing need for the EU to react to the structural changes that have taken place in the international political economy following the end of the Cold War. At the same time, the successful economic development of emerging countries like...


    • 6 IMF: The Road from Rescue to Reform
      (pp. 87-96)
      J. Thomas Lindblad

      The times are changing for the International Monetary Fund (IMF). In earlier days, when an IMF programme met with failure, the IMF simply blamed the ineptitude of the host government and got away with it (Sachs 2005: 74). That is no longer possible. Today, the IMF also has to account for its own actions and possible shortcomings. During the last decade or so, circumstances have compelled the world renowned institution to venture on the path of reform. Corresponding initiatives are fully endorsed by ASEM, as expressed notably at the ASEM 8 summit in Brussels on 4 and 5 October 2010...

    • 7 In Search of a New Global Financial Architecture: China, the G20 and ASEM
      (pp. 97-108)
      Jörn-Carsten Gottwald

      The economic crisis that hit the world of globalised finance in 2008 is profoundly changing the architecture of global governance. The United States and the European Union (EU) are facing enormous challenges in stabilising their financial markets. Asian economies faced the loss of their most important export markets. Global economic cooperation and regulation are at the top of the agenda of international relations. At ASEM 8 in Brussels in October 2010, ASEM leaders addressed the issue of global economic governance, publishing the Brussels Declaration on More Effective Global Governance. Europe, Asia and particularly the People’s Republic of China (PRC) managed...

    • 8 Banking Regulations at a Crossroads
      (pp. 109-124)
      Bram de Roos

      In the declaration following the eighth Asia-Europe Meeting (ASEM), the heads of state and government of Asia and Europe announced their resolve to strengthen the resilience and the transparency of the financial system and reform the financial sector. Indeed, the seriousness of the financial crisis calls for no less. The factors that contributed to a situation where the global financial system was dependent on ever-increasing housing prices in the US are now subject to new legislative initiatives in countries around the world. The careless credit issuance and complex securitised products that have caught so many investors’ attention are now the...


    • 9 Asia and Europe: Meeting Future Energy Security Challenges
      (pp. 127-142)
      Christopher M. Dent

      Energy security is a major global challenge of the 21stcentury, as it is also inextricably linked to other key challenges facing humanity: global poverty and climate change. Asia and Europe are being brought closer together in interdependent energy relationships and moreover share a broadening range of energy security challenges and predicaments. This chapter examines how these relationships have developed on the interregional scale, paying particular attention to the Asia-Europe Meeting (ASEM) process.

      As the birthplace of both the Industrial Revolution and many important developments in energy infrastructure and technologies, Europe has played a key role in shaping the world’s...

    • 10 Enhancing Maritime Security Governance: European and Asian Naval Missions against Somali Piracy
      (pp. 143-156)
      Susanne Kamerling and Frans-Paul van der Putten

      At the eighth Asia-Europe Meeting (ASEM), the chair’s statement identified piracy at sea as one of the global focus issues of the ASEM partners. The statement mentions in particular piracy off the coast of Somalia as a current threat to the freedom and security of the seas. The Gulf of Aden and the Western Indian Ocean – the waters where Somali piracy occurs – are major thoroughfares of maritime trade between Europe and Asia. Since 2008, a large number of countries have contributed to naval missions against Somali piracy. The great majority of these countries are either European or Asian.¹...


    • 11 Bridging Asia and Europe? Australia and New Zealand Membership in ASEM
      (pp. 159-170)
      David Capie

      One of the most significant developments at the ASEM 8 summit in Brussels in October 2010 was the admission of three new members: Australia, New Zealand and the Russian Federation. Their participation marked not only a ‘third wave’ of expansion for the already unwieldy grouping, but also the inclusion of three new members whose identities were arguably not easily aligned with either Europe or Asia.

      This chapter explores how Australia and New Zealand came to join ASEM, the different ambitions and interests that propelled their applications, and the goals they are likely to pursue as new members. Drawing on interviews...

    • 12 ASEM’s Future Enlargement: The Way Forward
      (pp. 171-186)
      Bertrand de Crombrugghe

      One of the specific achievements of the eighth ASEM summit held in Brussels on 4-5 October 2010 was that it admitted the Russian Federation, Australia and New Zealand as new members. It was not the fact that ASEM enlarged that was so peculiar. New members had joined ASEM before. At ASEM 5 in Hanoi in October 2004, ten new European Union (EU) member states who had joined the EU earlier that year were admitted together with three Association of Southeast Asian Nations (ASEAN) member states who were part of ASEAN since 1997 (Myanmar and Laos PDR) and 1999 (Cambodia). Two...

  11. Annex 1 CHAIR’S STATEMENT of the Eighth Asia-Europe Meeting
    (pp. 187-211)
  12. Annex 2 Brussels Declaration on More Effective Global Economic Governance Towards more effective global economic governance
    (pp. 212-215)
  13. Annex 3 Hanoi Declaration on Closer ASEM Economic Partnership
    (pp. 216-220)
  14. Annex 4 Non-Paper
    (pp. 221-224)
  15. Annex 5 Concept Paper
    (pp. 225-229)
  16. Annex 6 ASEM 8. Revised Annotated Agenda
    (pp. 230-239)
  17. Annex 7 Improving the working methods of an enlarged ASEM (Discussion paper)
    (pp. 240-244)
  18. Contributors
    (pp. 245-248)
  19. Bibliography
    (pp. 249-260)
  20. Back Matter
    (pp. 261-264)