Download or read book Two Crises Different Outcomes written by T. J. Pempel and published by Cornell University Press. This book was released on 2015-05-06 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Financial Liberalization and the Asian Crisis written by H. Chang and published by Springer. This book was released on 2001-06-11 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.

Download or read book Politics and Markets in the Wake of the Asian Crisis written by Mark Beeson and published by Routledge. This book was released on 2003-09-02 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a challenging volume by distinguished, leading scholars of East Asian political economy; it provides a distinct alternative to simplistic accounts of the Asian crisis which generally swing between an emphasis on convergence imposed by global economic forces, and the resurrection of the special patterns of East Asian economic governance. The authors argue that global forces and domestic structures are engendering new forms of economic and political regulation in East Asia. While these signal the death knell of the developmental state, this in itself does not presuppose a convergence towards a standard model of global capitalism. The arguments in this book will contribute significantly to the construction of a new research agenda for comparative political economy at the dawn of a new century. Politics and Markets in the Wake of the Asian Crisis covers a range of East Asian countries including the People's Republic of China, South Korea, Indonesia, Thailand and Malaysia. All the studies are linked together by a common endeavour to explore the dynamic interaction between global economic forces and domestic structures. The book is at the cutting edge of the study of East Asian political economy, and is distinguished by the attention it pays to the regional and international context of the crisis. It also contains theoretically sophisticated analyses of organisations such as APEC and the IMF.

Download or read book Saving The Sun written by Gillian Tett and published by Random House. This book was released on 2011-12-31 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a decade, Japan's dismal economy - which has bounced from deflationary collapse to fitful recovery and back to collapse - has been the biggest obstacle to economic growth. Why has the world's second largest economy been unable to save itself? Why has a country, whose financial might in the 1980s was the most feared force on the globe, become the sick man of the world economy? Saving the Sun answers these questions and more in the riveting and remarkable story of Long Term Credit Bank, one of the world's most respected financial institutions, and its attempts to transform itself into a Western-style bank and reconcile the cultural gulf that still exists between Japan and the international banking community.'Smart and engaging-it's a riveting tale with important insights into Japan's culture and its sclerotic system.' BusinessWeek'Saving the Sun is not simply about the fate of one Japanese bank. It is about the clash of two visions of finance-and how hard it is to reconcile them.' The Wall Street Journal Europe

Download or read book Developmental States written by Linda Low and published by Nova Publishers. This book was released on 2004 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the Asian crisis triggered or precipitated the meltdown, a second, objective is to explore the reasons and factors for the breakdown or redundancy of developmental states, distinguishing between domestic transformative capacity and external global factors as identified. A third objective is to cull experiences and lessons beyond East Asia. With many transition economies in Central and Eastern Europe beside China and Indochinese states, the theory and practice of developmental states may be a useful bridge. These are by no means exhaustive and comprehensive aims, questions and issues. For individual developmental states covered in this volume, country-specific lessons may also be drawn for them to be reconfigured to stay relevant. The most important consideration for this volume is to value-add to the literature, both the theory and principles of the Asian developmental state as well as empirical observations observed elsewhere. This volume comprises 13 chapters in two parts.

Download or read book Catch up Industrialization written by Akira Suehiro and published by NUS Press. This book was released on 2008 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Catch-Up Industrialization is an innovative examination of how the political ideology of 'developmentalism' has driven East Asian economic growth. The author considers innovative production and management techniques, the patterns of industrial relations, and the way education shapes the workforce, using this information to assess late 20th century East Asian economic development based on economic liberalization and the rapid diffusion of information technology.The term 'catch-up' links developing and developed countries, and defines the socioeconomic mindset common to high-growth societies of Asia. The author's argument differs from neoclassical approaches emphasizing the workings of the market, statist ones emphasizing policy rather than private initiatives, business studies lacking macroeconomic and global perspectives, work by development economists based on agriculture, and World BankIMF studies that lack socio-cultural and historical understanding.

Download or read book The Political Economy of East Asia written by Ming Wan and published by SAGE. This book was released on 2007-10-17 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: For students of international political economy, it is hard to ignore the growth, dynamism, and global impact of East Asia. Japan and China are two of the largest economies in the world, in a region now accounting for almost 30 percent more trade than the United States, Canada, and Mexico combined. What explains this increasing wealth and burgeoning power? In his new text, Ming Wan illustrates the diverse ways that the domestic politics and policies of countries within East Asia affect the region’s production, trade, exchange rates, and development, and are in turn affected by global market forces and international institutions. Unlike most other texts on East Asian political economy that are essentially comparisons of major individual countries, Wan effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia’s role in the world economy. The text first takes a comparative look at the region’s economic systems and institutions to explore their evolution—a rich and complex story that looks beyond the response to Western pressures. Later chapters are organized around close examination of production, trade, finance, and monetary relations. While featuring extended discussion of China, Japan, South Korea, and Taiwan, Wan is inclusive in his analysis, with coverage including Myanmar, Thailand, Laos, Vietnam, Cambodia, Malaysia, Singapore, Indonesia, Brunei, and the Philippines. The text is richly illustrated with more than fifty tables, figures, and maps that present the latest economic and political data to help students better visualize trends and demographics. Each chapter ends with extensive lists of suggested readings.

Download or read book The Crisis in Southeast Asia written by Richard Robison and published by Emirates Center for Strategic Studies and Research. This book was released on 1999-07-13 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia's dramatic economic and financial meltdown tends to confirm the view that we are witnessing an end to the phase of "Asian capitalism" and moving into a global era of free markets. Among neo-classical economists and within IMF circles, it is generally believed that because the crisis was caused by excessive governmental intervention in market mechanisms, recovery necessitates structural changes to end these market-distorting practices. Critics of this position argue that fundamentally sound economic systems were unraveled as a consequence of hasty and imprudent deregulation of financial systems. Hence, the solution lies in proper regulation of capital markets. In this lecture, Robison proposes that the origins and outcomes of the crisis are best understood in terms of its impact on existing coalitions of power and interest and their capacity to define the rules that govern economic activity and bring about significant structural changes.

Download or read book Global Political Economy written by Theodore H. Cohn and published by Routledge. This book was released on 2016-05-05 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praised for its authoritative coverage, Global Political Economy places the study of international political economy (IPE) in its broadest theoretical contextnow updated to cover the continuing global economic crisis and regional relationships and impacts. This text not only helps students understand the fundamentals of how the global economy works but also encourages them to use theory to more fully grasp the connections between key issue areas like trade and development. Written by a leading IPE scholar, this text equally emphasizes theory and practice to provide a framework for analyzing current events and long-term developments in the global economy. New to the Seventh Edition Focuses on the ongoing global economic crisis and the continuing European sovereign debt crisis, along with other regional economic issues, including their implications for relationships in the global economy. Offers fuller and updated discussions of critical perspectives like feminism and environmentalism, and includes new material differentiating among the terms neomercantilism, realism, mercantilism, and economic nationalism. Updated, author-written Test Bank is provided to professors as an e-Resource on the book’s Webpage.

Download or read book Understanding East Asia s Economic miracles written by Zhiqun Zhu and published by . This book was released on 2009 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been no miracle, says Zhu at least in the sense of divine intervention. He attributes the rapid economic growth in East Asia to decades of hard work by people in the region, though admittedly aided somewhat by favorable international and domestic conditions, sound government policies, and a few far-sighted leaders. He begins by profiling countries in the order they emerged into the world spotlight: Japan, South Korea, China and Taiwan. Then he compares their economies, concludes with a comprehensive explanation for the overall phenomenon and its internal variations.

Download or read book The Transformation of Southeast Asian Economies written by Teofilo C. Daquila and published by Nova Publishers. This book was released on 2007 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the growth, development and crisis experiences of the Southeast Asian economies, in particular, Indonesia, Malaysia, the Philippines, Singapore and Thailand -- also known as ASEAN-5. The proposition is developed that the robust economic performance of the Southeast Asian economies during the past four decades has been attributed to the various factors, developments and independent national policies which have been pursued by the individual member countries rather than to any regional economic framework. The book covers eleven topics which is suitable for a one-semester course on the economics of Southeast Asia. Also, it has a narrower area coverage as it focuses only on the five economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The sectoral treatment of the crisis impact and the analytical treatment of policy responses to the crisis differentiate this book from other publications on the same topic. Finally, the book provides an analysis of national developments, policies and factors which have contributed to the economic transformation of the respective Southeast Asian economies.

Download or read book How Asia Works written by Joe Studwell and published by Open Road + Grove/Atlantic. This book was released on 2013-07-02 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A good read for anyone who wants to understand what actually determines whether a developing economy will succeed.” —Bill Gates, “Top 5 Books of the Year” An Economist Best Book of the Year from a reporter who has spent two decades in the region, and who the Financial Times said “should be named chief myth-buster for Asian business.” In How Asia Works, Joe Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished. Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick-start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill. “Provocative . . . How Asia Works is a striking and enlightening book . . . A lively mix of scholarship, reporting and polemic.” —The Economist

Download or read book ASEAN Business in Crisis written by Mhinder Bhopal and published by Routledge. This book was released on 2013-01-11 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of the Asia crisis has contributed to the debate about the need for regulation of global markets. This book outlines the events leading up to and during the Financial Crisis of 1997 and assesses the responses of the financial contagion.

Download or read book The Economies of Southeast Asia written by Teofilo C. Daquila and published by Nova Publishers. This book was released on 2005 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the growth, development and crisis experiences of the Southeast Asian economies, in particular, Indonesia, Malaysia, the Philippines, Singapore and Thailand - also known as ASEAN-5. The proposition is developed that the robust economic performance of the Southeast Asian economies during the past four decades has been attributed to the various factors, developments and independent national policies which have been pursued by the individual member countries rather than to any regional economic framework. The book covers eleven topics which is suitable for a one-semester course on the economics of Southeast Asia. Also, it has a narrower area coverage as it focuses only on the five economies, namely, Indonesia, Malaysia, the Philippines, Singapore, and Thailand. The sectoral treatment of the crisis impact and the analytical treatment of policy responses to the crisis differentiate this book from other publications on the same topic. Finally, this book provides an analysis of national developments, policies and factors which have contributed to the economic transformation of the respective Southeast Asian economies.

Download or read book Globalization and Economic Nationalism in Asia written by Anthony P. D'Costa and published by OUP Oxford. This book was released on 2012-06-14 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection documents the different ways in which Asian governments have been pursuing economic nationalism even as they have been integrating with the world economy. The book challenges the popular view that with globalization, either the role of the state becomes redundant or that states are unable to purposefully intervene in the economy. The book argues that since most states pursue national interests, which largely include economic development, they work with national business and often intervene on their behalf to create internationally competitive industries. States are thus viewed as integral to capitalist development, and economic nationalism is neither theoretically nor empirically redundant. Contributors from Asia and elsewhere present wide-ranging arguments and evidence to counter the view that with globalization economic nationalism is passé. Instead, they demonstrate that states in Asia are active in shaping trade, investment, technological, industrial, and financial outcomes. Using interdisciplinary social science approaches that are also historically sensitive, this book critically assesses why and how states in select Asian countries continue to intervene in the economy in both familiar and novel ways. Countries covered include India, China, South Korea, Singapore, Japan, and the East Asian region as a whole. Together they illustrate why these states practice economic nationalism even as they enthusiastically embrace the generalized process of globalization through domestic reforms and liberalization.

Download or read book Movements of Movements written by Jai Sen and published by PM Press. This book was released on 2018-09-01 with total page 1014 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our world today is not only a world in crisis but also a world in profound movement, with increasingly large numbers of people joining or forming movements: local, national, transnational, and global. The dazzling diversity of ideas and experiences recorded in this collection capture something of the fluidity within campaigns for a more equitable planet. This book, taking internationalism seriously without tired dogmas, provides a bracing window into some of the central ideas to have emerged from within grassroots struggles from 2006 to 2010. The essays here cross borders to look at the politics of caste, class, gender, religion, and indigeneity, and move from the local to the global. What Makes Us Move?, the first of two volumes, provides a background and foundation for understanding the extraordinary range of uprisings around the world: Tahrir Square in Egypt, Occupy in North America, the indignados in Spain, Gezi Park in Turkey, and many others. It draws on the rich reflection that took place following the huge wave of creative direct actions that had preceded it, from the 1990s through to the early 2000s, including the Zapatistas in Mexico, the Battle of Seattle in the United States, and the accompanying formations such as Peoples’ Global Action and the World Social Forum. Edited by Jai Sen, who has long occupied a central position in an international network of intellectuals and activists, this book will be useful to all who work for egalitarian social change—be they in universities, parties, trade unions, social movements, or religious organisations. Contributors include Taiaiake Alfred, Tariq Ali, Daniel Bensaid, Hee-Yeon Cho, Ashok Choudhary, Lee Cormie, Jeff Corntassel, Laurence Cox, Guillermo Delgado-P, Andre Drainville, David Featherstone, Christopher Gunderson, Emilie Hayes, Francois Houtart, Fouad Kalouche, Alex Khasnabish, Xochitl Leyva Solano, Roma Malik, David McNally, Roel Meijer, Eric Mielants, Peter North, Shailja Patel, Emir Sader, Andrea Smith, Anand Teltumbde, James Toth, Virginia Vargas, and Peter Waterman.

Download or read book Law and Development in East and South East Asia written by Christoph Antons and published by Routledge. This book was released on 2005-10-05 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 1980s and 1990s Asian 'developmental states' attracted much attention in political science and economics literature, but the role of law in the economic development was neglected. It was only after the Asian crisis of 1997 that many analysts began to focus on a lack of regulation and transparency as a major factor triggering the crisis. The crucial questions now are how successful the current reforms will be, and which features of the Asian approach to commercial law will be resistant to reform pressures. This book examines the prospects for commercial law reform in Asia, giving particular attention to Japan and Singapore, as frequently cited role models for Asian developmentalism, and also examining development related business laws in countries such as China, Korea, Indonesia, Malaysia, Vietnam and the Philippines.