China, East Asia and the Global Economy

China, East Asia and the Global Economy PDF

Author: Takeshi Hamashita

Publisher: Routledge

Published: 2013-05-13

Total Pages: 224

ISBN-13: 1134040296

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Takeshi Hamashita, arguably Asia's premier historian of the longue durée, has been instrumental in opening a new field of inquiry in Chinese, East Asian and world historical research. Engaging modernization, Marxist and world system approaches, his wide-ranging redefinition of the evolving relationships between the East Asia regional system and the world economy from the sixteenth century to the present has sent ripples throughout Asian and international scholarship. His research has led him to reconceptualize the position of China first in the context of an East Asian regional order and subsequently within the framework of a wider Euro-American-Asian trade and financial order that was long gestating within, and indeed contributing to the shape of, the world market. This book presents a selection of essays from Takeshi Hamashita's oeuvre on Asian trade to introduce this important historian's work to the English speaking reader. It examines the many critical issues surrounding China and East Asia's incorporation to the world economy, including: Maritime perspectives on China, Asia and the world economy Intra-Asian trade Chinese state finance and the tributary trade system Banking and finance Maritime customs.

Asia Rising

Asia Rising PDF

Author: Hal Hill

Publisher: Edward Elgar Publishing

Published: 2013-01-01

Total Pages: 449

ISBN-13: 1781007985

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'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.

China, East Asia and the Global Economy

China, East Asia and the Global Economy PDF

Author: Takeshi Hamashita

Publisher: Routledge

Published: 2013-05-13

Total Pages: 237

ISBN-13: 1134040288

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Takeshi Hamashita, arguably Asia's premier historian of the longue durée, has been instrumental in opening a new field of inquiry in Chinese, East Asian and world historical research. Engaging modernization, Marxist and world system approaches, his wide-ranging redefinition of the evolving relationships between the East Asia regional system and the world economy from the sixteenth century to the present has sent ripples throughout Asian and international scholarship. His research has led him to reconceptualize the position of China first in the context of an East Asian regional order and subsequently within the framework of a wider Euro-American-Asian trade and financial order that was long gestating within, and indeed contributing to the shape of, the world market. This book presents a selection of essays from Takeshi Hamashita's oeuvre on Asian trade to introduce this important historian's work to the English speaking reader. It examines the many critical issues surrounding China and East Asia's incorporation to the world economy, including: Maritime perspectives on China, Asia and the world economy Intra-Asian trade Chinese state finance and the tributary trade system Banking and finance Maritime customs.

Asia and China in the Global Economy

Asia and China in the Global Economy PDF

Author: Yin-Wong Cheung

Publisher: World Scientific

Published: 2011

Total Pages: 443

ISBN-13: 9814335274

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The volume represents a collection of papers that examine important topical themes related to the rise of China and Asia in the global economy. It offers many useful insights on several issues that are hotly debated in the international community, especially in the aftermath of the recent global financial crisis. The contributors are renowned experts from academic institutions, central banks, and international organizations. Their analyses and points of view offer valuable insights for researchers and policymakers who are interested in the recent developments in China, Asia, and the global economy. Specifically, the thirteen chapters contained in the volume address four broad themes. The first theme is on open macroeconomics and transmission mechanisms that highlight the interactions between countries in the globalization era. The second theme covers the contentious issue of renminbi valuation, which has significant implications for the debate on global imbalances. The third theme covers currency internationalization and financial markets in Asia. In particular, two chapters discuss renminbi internationalization and yen internationalization, while the other two papers examine yen carry trade and the Asian credit card market. The fourth theme is external demand and fiscal stimulus in Asian countries.

China, Asia, and the New World Economy

China, Asia, and the New World Economy PDF

Author: Barry Eichengreen

Publisher: OUP Oxford

Published: 2008-02-21

Total Pages: 428

ISBN-13: 0191647659

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The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20 per cent in 1950, Asia's share of global GDP has now risen to 33 per cent and will exceed 40 per cent within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system dominated by the WTO. This collection of original essays written by leading economists explores the likely impact of the rapid growth in the East Asian economies, and in particular China, on the world economy in the coming decades and the consequent challenges for the development of trade, macroeconomic, and environmental policy.

Global China

Global China PDF

Author: Tarun Chhabra

Publisher: Brookings Institution Press

Published: 2021-06-22

Total Pages: 430

ISBN-13: 0815739176

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The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.

China and the Global Economy

China and the Global Economy PDF

Author: Peter Nolan

Publisher: Palgrave MacMillan

Published: 2001-05-10

Total Pages: 264

ISBN-13:

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This text tells the story of China's emergence as a major economic power and the impact this will have on world business. It is an executive summary of the opportunities for business in one of the largest markets in the world.

Japan, China, and the Growth of the Asian International Economy, 1850-1949

Japan, China, and the Growth of the Asian International Economy, 1850-1949 PDF

Author: Kaoru Sugihara

Publisher: OUP Oxford

Published: 2005-03-24

Total Pages: 312

ISBN-13: 0191522007

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Modern Asian economic history has often been written in terms of Western impact and Asia's response to it. This volume argues that the growth of intra-regional trade, migration, and capital and money flows was a crucial factor that determined the course of East Asian economic development. Twelve chapters are organized around three main themes. First, economic interactions between Japan and China were important in shaping the pattern of regional industrialization. Neither Japan nor China imported technology and organizations, and attempted to "catch up" with the West alone. Japan's industrialization took place, taking advantage of the Chinese merchant networks in Asia, while the Chinese competition was a critical factor in the Japanese technological and organizational "upgrading" in the interwar period. Second, the pattern of China's integration into the international economy was shaped by the growth of intra-Asian trade, migration, and capital flows and remittances. While the Western impact was largely confined to the littoral region of China, intra-Asian trade was more directly connected with China's internal market. Both the fall of the imperial monetary system and the rise of economic nationalism in the early twentieth century reflected increasing contacts with the Asian international economy. Third, a study of intra-Asian trade and migration helps us understand the nature of colonialism and the international climate of imperialism. In spite of the adverse political environment, East Asian merchant and migration networks exploited economic opportunities, taking advantage of colonial institutional arrangements and even political conflicts. They made a contribution to national and regional economic development in the politically more favourable environment after the Second World War, by providing the valuable expertise and entrepreneurship they had accumulated prewar. The character of the international order of Asia, governed by Western powers, especially Britain, but shared also by Japan for most of the period, was "imperialism of free trade", although it eventually collapsed by the late 1930s.

East Asia and the Global Economy

East Asia and the Global Economy PDF

Author: Stephen G. Bunker

Publisher: JHU Press

Published: 2007-07-16

Total Pages: 263

ISBN-13: 080189588X

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After World War II, Japan reinvented itself as a shipbuilding powerhouse and began its rapid ascent in the global economy. Its expansion strategy integrated raw material procurement, the redesign of global transportation infrastructure, and domestic industrialization. In this authoritative and engaging study, Stephen G. Bunker and Paul S. Ciccantell identify the key factors in Japan’s economic growth and the effects this growth had on the reorganization of significant sectors of the global economy. Bunker and Ciccantell discuss what drove Japan’s economic expansion, how Japan globalized the work economy to support it, and why this spectacular growth came to a dramatic halt in the 1990s. Drawing on studies of ore mining, steel making, corporate sector reorganization, and port/rail development, they provide valuable insight into technical processes as well as specific patterns of corporate investment. East Asia and the Global Economy introduces a theory of “new historical materialism” that explains the success of Japan and other world industrial powers. Here, the authors assert that the pattern of Japan’s ascent is essential for understanding China’s recent path of economic growth and dominance and anticipating what the future may hold.

China's Transition to a Global Economy

China's Transition to a Global Economy PDF

Author: Michael Webber

Publisher: Springer

Published: 2002-12-13

Total Pages: 274

ISBN-13: 1403918600

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How has China approached the global economy? Webber, Wang and Zhu attempt to answer this question through analysis of the concepts of globalization, transition and regionalization. China's approach has been experimental, stressing the liberalization of trade and investment flows and the development of a market economy. By these indexes globalization in China has been gradual and uneven. Integrating Western social science and Chinese research, this book assesses the nature and effect of globalization in China and its implications.