This study has examined the culture commonality of Northeast Asian countries based on Confucian values, and their relations to institutional economic integration. This study demonstrates that Confucian values inherent in the Northeast Asian countries have served as the cultural ethos for the rapid economic growth of this region since the 1960s and will be able to form the foundation of Northeast Asian values in the future. This paper re-appreciates these cultural values as a necessary condition for regional integration to catalyze the stagnated discussions about economic integration and extends its inter-weaving connection role for intra-regional transaction among China, Japan and Korea.

The world trade order is undergoing transformation into a tripartite trading system owing to the growing regionalism in East Asia. East Asia has become progressively integrated as a trading bloc through intensified intra-regional trade. A powerful engine for this integration is concentrated FDI flows, which have contributed to the international production networking. The NIEs and the ethnic Chinese network have assumed a leading role in intra-regional trade integration. For further regional integration, it is necessary to depict an institutional integration scheme in line with the growing sense of new East Asian regionalism. However, it has to embrace not only East Asian identity but also open regionalism and inter-regionalism in considering the emerging global triad system.

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