South Korea’s Role in the Chang Mai Initiative and Regional Economic Integration
In 2010, a group of Asian countries made major strides toward economic integration with the launch of the Chang Mai Initiative Multilateralization. This currency swap arrangement has had a major impact on economic cooperation and stability for the member countries.
This week, guest host Kyle Ferrier, KEI's director of academic affairs and research, sits down with Dr. Kaewkamol (Karen) Pitakdumrongkit. Dr. Pitakdumrongkit, who is an assistant professor at S. Rajaratnam School of International Studies in Singapore, examines the initiative from its origins to recent changes, and explores the role South Korea played as a mediator in the creation of this landmark agreement.