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Author : Anonim
Publisher : Unknown
Page : 232 pages
File Size : 52,7 Mb
Release : 2006
Category : Balance of payments
ISBN : 8932210888
Author : Masahiro Kawai,Mario B. Lamberte,Yung Chul Park
Publisher : OUP Oxford
Page : 343 pages
File Size : 46,9 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9780191636738
This book aims to identify and analyze the impact of the 2007-09 global financial crisis on Asian economies and to assess the short-term and longer-term policy responses to the crisis in terms of their effectiveness and sustainability. It draws lessons on how best to avoid and/or mitigate future crises and to identify structural policy recommendations that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in coming years, and thereby create a basis for sustainable and inclusive long-term growth. Organized into four parts, it offers an accessible explanation of the causes, consequences, and contagion mechanisms of the crisis. Part 1 provides an overview of the major issues and presents policy recommendations. Part 2 reviews the crisis in the US and its transmission to Europe. Part 3 focuses on the impact on Asia. And Part 4 concludes lessons of the crisis for Asian countries. The volume highlights that Asian economies have already recovered strongly from the global financial crisis, reflecting their aggressive moves to ease monetary and fiscal policy as well as the underlying fundamental strength of their economies. However, the biggest challenge lies ahead. It asserts that, given that it is unlikely that the US and Europe will be engines of global growth, Asian economies should contribute to global economic adjustment by creating their own growth engines.
Author : Daigee Shaw,Bih Jane Liu
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 50,9 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9780857931702
This insightful book explores the economic conditions and policy response of four major East Asian economies in the wake of the 2008 global economic crisis. Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response over the past few years, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only offers an assessment of the impacts of the crisis, and identifies specific country measures that can be undertaken to stabilize the situation, but also looks at the crisis from three important economic perspectives: that of a healthy fiscal system, international trade, and the energy market. This insightful research monograph will be gratefully received by academics in economics and development studies as well as public policy think tanks. Government economic planning agencies in emerging countries, as well as international economic organizations and institutions such as World Bank and United Nations will also find plenty of key insights and important information in this path-breaking book.
Author : T. J. Pempel,Keiichi Tsunekawa
Publisher : Cornell University Press
Page : 280 pages
File Size : 40,8 Mb
Release : 2015-05-06
Category : Political Science
ISBN : 9780801455018
Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008–9 and the Asian financial crisis of 1997–98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since. The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.
Author : Jan Nederveen Pieterse,Jongtae Kim
Publisher : Routledge
Page : 230 pages
File Size : 46,5 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780415807036
East Asia is widely regarded as the main "winner" in contemporary globalization, unscathed by the economic crisis of 2008, with its leading new industrializing nations and emerging economies. While twentieth century globalization was mainly led by the West, the twenty-first century is ushering in different dynamics. The re-emergence of Asia involves alternative visions of the world and different perspectives on globalization. This volume seeks to address these dimensions, turning to local reflexivities, notably in South Korea and China, to explore the key debates in sociology and political economy within East Asia rather than from an outside view.
Author : Takuji Kinkyo,Yoichi Matsubayashi,Shigeyuki Hamori
Publisher : World Scientific
Page : 236 pages
File Size : 52,5 Mb
Release : 2012-12-19
Category : Business & Economics
ISBN : 9789814412865
In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997–98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia's reliance on export-led growth has been called into question. The region's transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances — the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia. Contents:Decoupling — A Re-Examination (Hiroshi Tsubouchi and Hideaki Matsuoka)Business Cycle Synchronization and Production Fragmentation in East Asia (Fumihide Takeuchi)Financial Market Linkage in East Asian Countries (Kyosuke Shiotani and Yoichi Matsubayashi)The Impact of East Asian FTAS on the Structure of Demand (Hikari Ban)Inflation Targeting in South Korea, Indonesia, the Philippines and Thailand: The Impact on Business Cycle Synchronization Between Each Country and the World (Takeshi Inoue, Yuki Toyoshima and Shigeyuki Hamori)Globalization and Economic Growth in East Asia (Fengbao Yin and Shigeyuki Hamori)Can South–South Trade Be a Driving Force for Future Economic Growth? (Shigesaburo Kabe)An Empirical Analysis of the Determinants of Household Saving (Consumption) in China: A Panel Analysis of Provincial Data, 1995–2010 (Guifu Chen)Financing Infrastructure Construction in China (Long Ke)Is the Renminbi Appreciating Fast Enough? (Takuji Kinkyo) Readership: Researchers and the general public who are interested in the future development of South East Asia. Keywords:Rebalancing Demand;East Asia;Business Cycles Synchronization;Free Trade Agreements;Inflation Targeting;Financial Market Development;China's Household Saving Rates;PFI-Based Infrastructure DevelopmentKey Features:The topic, i.e., Rebalancing Demand in East Asia is a hot issue key to understanding the future development of East AsiaThis volume provides a comprehensive overview with respect to the topic of Rebalancing Demand in East AsiaThis book reviews the current situation of each topic, so that readers can easily understand the materialThis book also empirically analyzes each topic and proposes some policy implications to understand the future development of this region
Author : Andrew D. Mason,Sudhir Shetty
Publisher : World Bank Publications
Page : 194 pages
File Size : 40,5 Mb
Release : 2019-01-11
Category : Business & Economics
ISBN : 9781464813719
East Asia has been a paragon of global development success. The dramatic transformation of the region over the past half century—with a succession of countries having progressed from low-income to middle-income and even to high-income status—has been built on what has come to be known as the “East Asian development model.†? A combination of policies that fostered outward-oriented, labor-intensive growth while strengthening basic human capital and providing sound economic governance has been instrumental in moving hundreds of millions of people out of poverty and into economic security. Yet East Asia’s economic resurgence remains incomplete. More than 90 percent of its people now live in 10 middle-income countries, many of which can realistically aspire to high-income status in the next generation or two. But these countries are still much less affluent and productive than their high-income counterparts. Even as the region’s middle-income countries attempt to move up to high-income status, they confront a rapidly changing global and regional economic environment. Slowing growth in global trade and shifts in its patterns, rapid technological change, and evolving country circumstances all present challenges to sustaining productivity growth, fostering inclusion, and enhancing state effectiveness. A Resurgent East Asia: Navigating a Changing World is about how policy makers across developing East Asia will need to adapt their development model to effectively address these challenges in the coming decade and sustain the region’s remarkable development performance. “The world is changing. How do East Asia’s developing economies navigate this change? This is a commendable book on this topic—a must-read for policy makers, academia, and students who are interested in East Asia.†? — Chatib Basri, Former Minister of Finance, Government of Indonesia “A Resurgent East Asia is a vital publication for the most successful region as it looks to the future and the expectations of its citizens. This study helps to identify the new areas of risk and to suggest ways to ameliorate them. In so doing, it is an invaluable resource for governments. Based on first-rate analysis, it is a must-read for policy makers and everyone interested in East Asia’s development prospects!†? — Danny Leipziger, Managing Director, The Growth Dialogue, and Professor of International Business, George Washington University “This report delivers a careful and rigorous analysis of the strengths of East Asia’s ‘growth with equity’ development strategy. While noting the model’s success in lifting millions out of poverty, the report also warns of the looming challenge of maintaining growth with inclusion, and it highlights the need for countries to improve their social protection systems and ensure that opportunities are fair and available to all. A must-read for policy makers and development practitioners alike.†? — Ana Revenga, Senior Fellow, Brookings Institution
Author : Marc Uzan
Publisher : Routledge
Page : 149 pages
File Size : 50,8 Mb
Release : 2008-10-27
Category : Business & Economics
ISBN : 9781135975043
This book is the result of a workshop on the effects of globalization on Asian and European countries, organized by Marc Uzan and the Austrian Ministry of Finance in April 2006. Bringing together key academics, policy makers and private market participants, these chapters cover the current debate of global imbalances and the way to resolve the disequilibrium in the international monetary system and understand the need for international cooperation among the different monetary areas of the world. Various important points come out of the book; firstly there is an emphasis on the difficulties for Europeans and Asians to find common positions vis-à-vis global imbalances due to different exchange rate regimes throughout Asia preventing similar responses. The role of the US dollar as a world currency is also discussed, as well as EU regional monetary cooperation and an analysis of the Euro. The implementation of economic policy to redress global imbalances is also considered, as is the emergence of China on the world stage and its industrial development projects. These questions and the way the international financial community will resolve them, will have a huge impact in the functioning of the international monetary system. The current unwinding of the global imbalances that we are facing with the global market disruptions since August 2007, demonstrate that a new geography of international finance is emerging between Europe and Asia. The book addresses also the way that a dialog in the field in monetary arena needs to be structured between Europe and Asia.
Author : Jayati Ghosh
Publisher : Orient Blackswan
Page : 156 pages
File Size : 53,8 Mb
Release : 2001
Category : East Asia
ISBN : 8125018980
To What Extent Does The East Asian Experience Provide Us With A Viable Model Of Economic Development? This Tract Seeks To Answer This Through A Careful Analysis Of The Long-Term Development Of The East Asian Economies And Their Recent Crisis. The Tract Shows The Contradictory Implications Of The Process Of Industrialisation And The Problems Of Unregulated Finance Which Makes Liberalised Economies Extra Sensitive To The Slightest Ripple In Investor Sentiments. To Understand The Specificities Of The East Asian Experience, The Tract Looks Carefully At The Histories Of Crises In Other Parts Of The World, And Provides A Powerful Critique Of The Imf Response To Them.
Author : Ming Wan
Publisher : Edward Elgar Publishing
Page : 557 pages
File Size : 49,6 Mb
Release : 2020-09-03
Category : Political Science
ISBN : 9781800370593
Offering a coherent overview of the historical and institutional context of enduring patterns in East Asian political economy, this updated and expanded second edition textbook explores the dramatic regional and international transformations that this key region has faced since the 2008 financial crisis.
Author : Ariane Hillig
Publisher : diplom.de
Page : 87 pages
File Size : 41,8 Mb
Release : 2014-10-01
Category : Business & Economics
ISBN : 9783954897384
In the past ten years, huge economic imbalances among US-Asia as well as eurozone countries have built up which have led to numerous crisis situations. Thus, the goal of this book is to find out if economic imbalances are sustainable or if they need to be rebalanced? What role do distinct national policies play? The author is going to compare the imbalances of US-China with the intra-euro imbalances of Germany, Spain and Italy. Firstly, the historical development of the economic imbalances is presented in order to point out the unprecedented height of the mentioned imbalances. Furthermore, the author is analyzing the causes of imbalances by presenting the development of the competitiveness, the saving-/investment rates, the financial markets as well as the different national policies. It is shown that distinct national policies were the underlying causes for the development of such high economic imbalances. After having seen the historical development as well as the causes, the author describes the possible costs and benefits of having imbalances as well as the implications of the global financial crisis and the current European crisis. Due to the increasing globalization, the financial crisis spread fast and led to huge losses and decreasing investor’s trust in European countries. This resulted in the European crisis which subsequently could also endanger the global economy. Because of the huge crisis’ impact, traditional and alternative balancing channels are also compared. Despite supporting measures such as restrictive fiscal policies and financial assistance, Europe is still suffering from an economic downturn whereas the US returned to a slow economic recovery. At the end, the author concludes that global imbalances need to be rebalanced in order not to avoid reaching an unsustainable level. The occurring as well as rebalancing of economic imbalances highly depends on distinct national policies. Unless the international coordination and cooperation increases, economic imbalances will continue to occur and will lead to economic crises when reaching an unsustainable level.
Author : Christopher Lingle
Publisher : Routledge
Page : 220 pages
File Size : 49,5 Mb
Release : 2019-03-25
Category : Business & Economics
ISBN : 9780429781414
First published in 1997, this volume reflects an attempt to put order in the place of what appears to be chaos amidst East Asia’s rapid dash toward economic development. With experiences of Turkey during and after martial law, Italy during the Red Brigade, England during the ‘Winter of Discontent’, post-Franco Spain’s stumbling embrace of democracy, Poland in the beginning of the solidarity movement, South Africa in the crumbling of apartheid, China during the early student protests and Europe when the Iron Curtain was lifted, Christopher Lingle applies these ideas to modern developments in East Asia, providing an intriguing, counter-intuitive, refreshing take on its economies.
Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 46,6 Mb
Release : 2024-07-02
Category : Electronic
ISBN : 9789814475822
Author : SHAO Binhong
Publisher : BRILL
Page : 349 pages
File Size : 40,7 Mb
Release : 2013-06-20
Category : Business & Economics
ISBN : 9789004255845
What is China's rightful place on the world stage? Will the world remain unipolar as signs of American decline appear to be mounting? How can China maintain a harmonious relationship with its neighbors? What does China intend to do with the new power and influence that appears to be at its disposal? In light of emergent post-2008 economic realities, how should China adjust its foreign economic relations? This volume, the first of its kind, gathers a collection of translations of influential essays, talks, and papers on Chinese foreign policy, national security, and foreign economic relations written by Chinese elites. Many papers have also served as propositions for policy prescriptions to China's leaders, the vast majority of which have to date only been available in Chinese.
Author : Jehoon Park,T. J. Pempel,Geng Xiao
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 45,5 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9781781003916
This book takes account of the global financial crisis from Asian perspectives, considering Asian responses to the crisis via two key arenas – regionalism in Asia and the G20. The expert contributors – both Asian and Western – illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of 'middle' powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development. Written with a uniquely multidisciplinary approach, this book will prove a fascinating read for a wide-ranging audience encompassing academics, students, researchers and policymakers in a number of fields including Asian studies, economics, public policy and regional studies.