There are many conceptual definitions of "economic integration" and the one chosen for this paper is that economic integration occurs when nationalistic concerns of an economy are set aside to integrate the economy more fully into the world economy.
Such a definition implies and confirms that the world has become so global that individual nations can no longer be allowed to maintain independent economic activities without consideration of the impact of those activities on other nations. This attitude was well expressed by Thai Deputy Foreign Minister Sukhumbhand Paribatra at a recent meeting of the annual East Asia Economic Summit: "East Asia and Southeast Asia must reject the temptation to seek individual salvation, because none of us can ..."
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