This edited volume comprises papers contributed by regional experts. The papers explore the possibility of creating an Asian economic community given the existing bilateral and plurilateral preferential trading arrangements in Asia. Starting with an exposition of the concept of an economic community in Asia, the book evaluates the economic rationale of such a formation in the region. While presenting the alternative view from India and China, the book also explores issues of deeper economic integration like services and investment initiatives and their possible implications for regional economic integration in Asia.