Coming to Terms: The Economic Impact of the East Asian Financial Crisis on the European Union

Author(s):  
Christopher M. Dent
Author(s):  
Frank Schimmelfennig ◽  
Thomas Winzen ◽  
Tobias Lenz ◽  
Jofre Rocabert ◽  
Loriana Crasnic ◽  
...  

This chapter analyses the reasons why governments rejected a formal recognition of the ASEAN Interparliamentary Organization/Assembly for a long time, but finally established an official affiliation during the Charter-making process in 2008/10. Until today, ASEAN provides a comparatively unfavourable context for parliamentarization because the organization has little authority and the membership is largely non-democratic. Yet, when the Asian financial crisis hit the region in 1997/98, a demand for re-legitimation emerged, which was supplied as a result of the combination of a subsequent change in the purpose of the organization, which created affinities with other ‘parliamentarized’ organizations and diffusion from the European Union.


Author(s):  
N. Arbatova

The focal point of the article is the future of the European Union that has been challenged by the deepest systemic crisis in its history. The world economic and financial crisis became merely a catalyst for those problems that had existed earlier and had not been addressed properly by the EU leadership. The author argues that the EU crisis can be overcome only by new common efforts of its member-states and new integrationist projects.


Author(s):  
Frank Schimmelfennig ◽  
Thomas Winzen ◽  
Tobias Lenz ◽  
Jofre Rocabert ◽  
Loriana Crasnic ◽  
...  

This chapter examines the evolution of the parliamentary dimension in Mercosur, from its modest beginnings with the Joint Parliamentary Commission to the establishment of the consultative Mercosur Parliament (Parlasur) in 2005. The context for the establishment and empowerment of an international parliamentary institution was favourable in Mercosur. Specifically, the chapter argues that the organization’s initial parliamentarization reflects the combination of international diffusion from the EU and the democratization of member states, while the transition to Parlasur is best explained by a combination of diffusion from the European Union and the financial crisis in the region that occurred around the turn of the century.


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