Economic Liberalization and Integration in East Asia

Economic Liberalization and Integration in East Asia PDF

Author: Yŏng-chʻŏl Pak

Publisher: Oxford University Press, USA

Published: 2006

Total Pages: 295

ISBN-13: 0199276773

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In this book Park argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia.

Economic Liberalization and Integration in East Asia

Economic Liberalization and Integration in East Asia PDF

Author: Yung Chul Park

Publisher: OUP Oxford

Published: 2005-12-15

Total Pages: 296

ISBN-13: 0191534927

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Several years before the 1997-98 Asian financial crisis, most East Asian economies with the exception of China had engaged in the liberal reform prescriptions of the Washington Consensus. The Asian financial crisis added impetus to the transformation process as the crisis countries accepted the Washington Consensus as part of their commitment to the IMF policy conditionality. In this book the author argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia. In doing so, he covers the accomplishments and failures of the East Asian development model and the reform agenda for a new East Asian paradigm for post-crisis development.

Financial Deregulation and Integration in East Asia

Financial Deregulation and Integration in East Asia PDF

Author: Takatoshi Ito

Publisher: University of Chicago Press

Published: 2007-12-01

Total Pages: 416

ISBN-13: 0226386953

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The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.

East Asian Economic Integration

East Asian Economic Integration PDF

Author: Ross P. Buckley

Publisher: Edward Elgar Publishing

Published: 2011-01-01

Total Pages: 349

ISBN-13: 1849808694

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'This book offers a fascinating exploration of the contradictions of East Asian economic integration: a topic of enormous contemporary significance to observers of world political and economic affairs. The collection provides an unusually rigorous and systematic treatment of this important topic, drawing on contributions from an impressive array of experts. It will provide a valuable resource for students, scholars and other observers seeking deeper understanding of the contemporary dynamics and challenges of East Asian integration.' - Kate MacDonald, University of Melbourne, Australia 'East Asia is a crucial part of the global economy. This book analyses three key elements of East Asian economic integration: trade, investment and international finance. The authors are leading experts in their fields. Their book represents an important addition to the literature on a subject of fundamental importance both regionally and globally.' - Bradly J. Condon, ITAM, Mexico City This book analyses recent developments and likely future paths for trade and financial integration in East Asia. It suggests a more coherent, balanced way forward for regional economic integration and analyses implications for institution building in East Asia. East Asia has achieved a high degree of intra-regional trade, investment and GDP correlation, through an expanding web of free trade agreements and production networks. However, financially, most regional economies are linked more closely to North America and Europe than to each other. As trade integration has accelerated, financial and monetary integration has not kept pace. East Asian Economic Integration analyses potential reasons and remedies for this phenomenon through a multidisciplinary framework of law, politics and economics. This comprehensive book will appeal to researchers and students in political science, international relations, trade law, international finance law, and regional studies generally. It will also be of great interest to regional

East Asian Economies

East Asian Economies PDF

Author: Toshihiko Kawagoe

Publisher: Institute of Southeast Asian Studies

Published: 1995

Total Pages: 435

ISBN-13: 9813016973

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East Asia is regarded as growth center in the world today, even as political tension in that region remains high. Economic growth has spilled over from Japan to the Asian newly industrialized economies, as well as to the middle-income countries of the Association of Southeast Asian Nation (ASEAN) through foreign trade and investment. Despite economic growth, an East Asian multilateral security scheme was never created. Will this situation change in the new international environment? With these trends in mind, the collection of articles in this volume sheds light on economic and political issues of natural in East Asia. The articles discuss a comprehensive range of topics:Macroeconomic performance,foreign direct investment, trade policies, financial markets, security arrangements, surveys of recent developments in South Korea, People's Republic of China, and Taiwan.Integration within ASEAN focusing on AFTA and sub-regional co-operation. Integration of Indochinese economies in to greater Southeast Asian markets.

Look East Policy and Act East Policy:

Look East Policy and Act East Policy: PDF

Author: Hemanta Saikia

Publisher:

Published: 2017-04-16

Total Pages: 123

ISBN-13: 9781521079928

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South East Asia has been the fastest growing region in the world for the past three decades where the economy of Japan and the newly industrializing economies of South East Asia have been formed as the models of accomplishment for other emerging economies. In the past few years, South East Asian countries have also recognized this potential of regional economic integration which is clear from numerous free trade arrangements. At the same time, the economic reorganization and liberalization have paved India's rapid economic growth and international economic relations. Looking these, India had adopted 'Look East' policy' (LEP) to promote economic integration with East Asia which provided an opportunity to economic transformation and growth to its lagging regions particularly the seven north-eastern states which can help India to shape an Asian economic community. This book has attempted to examines, the way for regional economic cooperation in South East Asia that could become the third pole of the world economy. It also discusses the environment of the trade of Asian countries and the extent to which the interfering approach helped foster growth.

East Asia's Economic Integration

East Asia's Economic Integration PDF

Author: D. Hiratsuka

Publisher: Springer

Published: 2008-08-20

Total Pages: 362

ISBN-13: 0230227309

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This book claims that de jure economic integration is in progress in East Asia, after the advancement of de facto integration. The book contains new international trade theory, spatial economics, data-work empirical studies, and field studies on various scenarios of de jure economic integration.

Handbook on East Asian Economic Integration

Handbook on East Asian Economic Integration PDF

Author: Kimura, Fukunari

Publisher: Edward Elgar Publishing

Published: 2021-12-09

Total Pages: 496

ISBN-13: 1788975162

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This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as agricultural development, structural transformation and East Asian trade, alongside skills and human capital development policies of ASEAN. Contributors also provide detailed explanations on trade, poverty and Aid for Trade, institutional reforms, regulatory reform and measuring integration.

East Asian Visions

East Asian Visions PDF

Author: Indermit Singh Gill

Publisher: World Bank Publications

Published: 2007

Total Pages: 373

ISBN-13: 0821367463

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Despite the diversity in income levels, languages, culture, resource endowments, and political systems, the countries of East Asia are more integrated now than they have ever been. Goods, money, and ideas are being traded across the region. East Asia is redefining itself from a collection of disparate nations that looked mainly to markets in the west, to a more self-reliant, innovative, and networked region. Countries in this region are strengthening ties with each other and seeking more strategic partnerships with the rest of the world. 'East Asian Visions' is a collection of essays that convey, firsthand, how some of the most influential thinkers in East Asia view these challenges. The writers are eminent policy makers, statesmen, and scholars. They write about how competition with the west has bred success; how crises in the region have provoked introspection; and how the rise of China is catalyzing change.

Regional Economic Integration in East Asia

Regional Economic Integration in East Asia PDF

Author: Jane Drake-Brockman

Publisher:

Published: 2002

Total Pages: 36

ISBN-13:

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"There has been a proliferation of proposals for bilateral free trade areas in East Asia in recent times. These initiatives fly in the face of the long-standing support of key players in the region such as Japan for the MFN-based non-discriminatory trading system and the commitment to non-discriminatory trade liberalisation and reform within APEC. As China establishes its role in the WTO, its interests are very much in an open global trading system. The paper argues that the core interests of East Asian economies remain in non-discriminatory global trading arrangements and prosecuting those interests within the Doha Round of trade negotiations. It suggests that a way forward in sorting out the trade-distorting and protectionist effects of free trade agreements would be for East Asian economies to take a lead in negotiations on strengthening WTO rules on preferential trade arrangements. In terms of global economic welfare, the only good preferential arrangement is one that disappears in time. The paper makes specific recommendations for re-vamping the rule on preferential trade arrangements with that objective in mind"--P. 1.