The book analyses modern tendencies in the development of regional economic cooperation in East Asia which is considered by regional countries as their response to growing challenges of globalization. Trying to protect their national interests by collective efforts they are promoting regional commercial, investment, and financial cooperation as measures aimed at improving the efficiency of their economies. These steps however are not regarded as a counterweight to globalization but merely directed against most negative manifestations of the latter and in fact are realized as one of the forms of globalization at the regional level.