East Asian Economic Integration

East Asian Economic Integration

Law, Trade and Finance

Asian Commercial, Financial and Economic Law and Policy series

Edited by Ross P. Buckley, Richard Weixing Hu and Douglas W. Arner

This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia.

Chapter 3: Endemic Institutional Fragility in the Face of Dynamic Economic Integration in Asia: The Case of Transboundary Pollution in Hong Kong

Miron Mushkat and Roda Mushkat

Subjects: asian studies, asian economics, asian law, economics and finance, asian economics, international economics, law - academic, asian law, international economic law, trade law

Extract

* Miron Mushkat and Roda Mushkat INTRODUCTION Environmental degradation poses a serious challenge in Asia, albeit not in a uniform fashion because of divergences in socio-economic conditions and variations in policy responses. The problem typically has domestic origins and manifests itself on the home front. However, it often possesses an international dimension due to cross-border spillovers and the difficulties stemming from coordination in circumstances characterized by conflicting preferences and fragmented authority. The absence of effective regional institutions and, selectively, the proliferation of semiautonomous sub-national power centres aggravate the ecological strains emanating from that source.1 * Roda Mushkat wishes to thank the Kadoorie Institute for its research support, but the authors of this chapter are solely responsible for the views expressed herein. 1 For example see Ian Townsend-Gault, David Vander Zwaag and Robert Adamson, ‘Transboundary Ocean and Atmospheric Pollution in Southeast Asia’ in Amitav Acharya and Richard Stubbs (eds), New Challenges for ASEAN: Energy Policy Issues (Vancouver: University of British Columbia Press, 1995); San-Gon Lee, ‘Transboundary Pollution in the Yellow Sea’ in H. Edward English and David Runnals (eds), Environment and Development in the Pacific: Problems and Policy Options (Melbourne: Addison-Wesley Longman in association with the Australia–Japan Research Centre, the Australian National University, 1997), 117–30; Ben Boer, Ross Ramsey and Donald Rothwell, International Environmental Law in the Asia Pacific: Problems and Policy Options (London: Kluwer Law International, 1998), 52; Peter Eaton and Miroslav Radojevic (eds), 49 M2628 - BUCKLEY TEXT.indd 49 24/05/2011 15:39 50 East Asian economic integration The predicament...

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