Asia may not be able to form neither a currency area nor an economic union in the near future. However, it may be feasible for Asia to integrate product and capital markets within the region. Asia ought to include the U.S, Canada, and Australia under the name of Asia-Pacific body. As far as the product and the short-term capital market integration is concerned, Asia may as well attempt to integrate with Europe. Later on, it can deepen the degree of integration. To raise production efficiency and promote export performance for the region as a whole, Asia needs to adopt the flying-geese strategy.