East Asia

About: East Asia is a research topic. Over the lifetime, 17591 publications have been published within this topic receiving 274073 citations. The topic is also known as: Eastern Asia.

ASEAN and China: Export Rivals or Partners in Regional Growth?

Abstract: Rivalry in trade between China and its regional neighbours in ASEAN has become a major preoccupation for many regional policy-makers. For these reasons, strengthening the basis of empirical evidence on regional trade relations is especially important, and this paper does so in two ways. Using very detailed historical trade data, we combine econometric and trade flow analysis to elucidate patterns of export competition and underlying comparative advantage for ASEAN and China. Our findings indicate that the potential exists for both export rivalry and more extensive trade complementarity, but so do many challenges for policy makers who seek to mitigate adjustment costs and facilitate long term efficiency. Our econometric results indicate that, in the short run at least, ASEAN and China are experiencing intensified export competition in prominent third markets such as Japan and the US. More extensive trade flow analysis reveals, however, that in the long run globalisation can accommodate export growth by all the economies of East Asia, if aggregate growth can be sustained to facilitate the structural adjustments necessary for an optimal regional division of labour.

Obama and China's Rise: An Insider's Account of America's Asia Strategy

Abstract: Future presidents will need to find the right balance in China policy, so as to maintain America's strength and watchfulness but not fall into the classic security dilemma, wherein each side believes that growing capabilities reflect hostile intent and responds by producing that reality. I believe that President Obama struck that balance. - From Obama and China's Rise In 2005 , veteran diplomat and Asia analyst Jeffrey Bader met for the first time with the then-junior U.S. senator from Illinois. When Barack Obama entered the White House a few years later, Bader was named the senior director for East Asian affairs on the National Security Council, becoming one of a handful of advisers responsible for formulating and implementing the administration's policy regarding that key region. For obvious reasons - a booming economy, expanding military power, and increasing influence over the region - the looming impact of a rising China dominated their efforts. Obama's original intent was to extend U.S. influence and presence in East Asia, which he felt had been neglected by a Bush administration fixated on the Middle East, particularly Iraq, and the war on terror. China's rise, particularly its military buildup, was heightening anxiety among its neighbors, including key U.S. allies Japan and South Korea. Bader explains the administration's efforts to develop stable relations with China while improving relationships with key partners worried about Beijing's new assertiveness. In Obama and China's Rise , Bader reveals what he did, discusses what he saw, and interprets what it meant - first during the Obama campaign, and then for the administration. The result is an illuminating backstage view of the formulation and execution of American foreign policy as well as a candid assessment of both. Bader combines insightful and authoritative foreign policy analysis with a revealing and humanizing narrative of his own personal journey.

Global Economic History: A Very Short Introduction

Abstract: Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Business groups in East Asia: Post-crisis restructuring and new growth

Abstract: Business groups played an important role in the economic development of East Asian countries Yet business groups in East Asia face an uncertain future Following the Asian Crisis, foreign creditors and investors have demanded that business groups have more transparent operations and stronger corporate governance At the same time, as governments in East Asia have loosened trade barriers, business groups have become subject to intense competition in domestic markets This paper argues that business groups can survive or even prosper by taking initiatives in corporate restructuring This paper also highlights some areas for further research on business groups in this region

Financial Integration in East Asia

Abstract: Financial Integration in East Asia, first published in 1999, examines the degree of domestic and financial openness in ten Asian countries (Japan, Australia, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand) and the effect financial openness has on the structure of the macroeconomy. After examining the reasons behind the 1997/98 financial crisis, Dr de Brouwer puts these in context by summarising the literature on the costs and benefits of financial reform. He then assesses the information that interest rate parity conditions have for financial openness, and sets out theoretical and empirical models to explore the link between market interest rates and intermediated interest rates on deposits and loans. Financial Integration in East Asia also contains reviews of the literature and regional developments, with clear policy analysis throughout.