||After the financial crisis in the year of 2008, East Asia is the region with most rapid growth with regard to international business, which makes the region the focus of global economic development. In the past decades, Taiwan, as one of the important trade partners to the Philippines, its trade surplus to the Philippines ranks only second to Mainland China, which makes the economic and trade relations between Taiwan and the Philippines too significant to ignore.|
This dissertation asks: how does economic interdependence and balance of power shape Taiwan-the Philippines economic and trade relations under East Asian regional trade and economic architecture? First, this study analyzes the development of East Asian regional trade and economic architecture by examining the institutional environment of the regional economic and trade, the governance mechanisms of regional economic and trade, and institutional arrangements of regional economic and trade.
Second, the Philippines is one of the member countries of ASEAN groupings which are regarded as the central part of the East Asian regional trade and economic architecture. Therefore, analyzing the development of Taiwan-the Philippines economic and trade cooperation benefits Taiwan’s strategy-making of its participation in the architecture.
The study refers to both economic and political implications according to the research results, which include: first, economic interdependence and the balance of power together exert impact on the depth and width of regional economic and trade cooperation in East Asia. With the rising of China in diplomatic, economic as well as military aspects, China has been aggressively participate in the process of East Asian regional trade and economic architecture. Second, Taiwan has been influenced by China’s foreign policy which slower the development of FTA between Taiwan and the Philippines. Taiwan has been constrained by balance of power system in East Asia which prevents Taiwan from participating East Asian regional trade and economic architecture. In other words, the separation of politics and economy among the cooperation between Taiwan and the Philippines contrasts with the interplay of politics and economy inside the East Asian regional trade and economic architecture. Third, Taiwan and the Philippines share many successful experiences of economic interdependence, and meanwhile, because of the Cross-strait relations, Taiwan has unique role in East Asian international politics. Based on the abovementioned reasons, Taiwan should cautiously proceeds the cooperative relations with the Philippines.