Asia has been successful in expanding its domestic economies, integrating them, and linking them to the global economy. Market-led integration backed by national efforts and regional cooperation has greatly benefited the region and helped it to sustain high growth. But why, despite a dense network of arrangements and institutions, does Asia remain “institution-lite”—marked by few formal or explicit commitments from member countries in terms of agenda for cooperation? Two distinguished economists will present on the Asian Development Bank’s new flagship study “Institutions for Asian Regionalism: Enhancing Cooperation and Integration in Asia and the Pacific.” Eichengreen and Madhur will lay out a framework to strengthen the region’s institutional architecture to achieve the goal of an Asian Economic Community.