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.

Language and National Identity in Asia

Abstract: Contents List of Maps Notes on Contributors 1. Language and National Identity in Asia: A Thematic Introduction PART I SOUTH ASIA 2. Bangladesh 3. India 4. Nepal and the Eastern Himalayas 5. Pakistan 6. Sri Lanka PART II EAST ASIA 7. China 8. Hong Kong 9. Japan 10. North and South Korea 11. Taiwan PART III SOUTHEAST ASIA 12. Burma/Myanmar 13. Cambodia 14. Indonesia 15. Malaysia 16. The Philippines 17. Singapore 18. Thailand and Laos 19. Vietnam References Index

Exchange Rates under the East Asian Dollar Standard: Living with Conflicted Virtue

Abstract: The increasingly integrated economies of East Asia -- China, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand -- face the dilemma of how to achieve exchange-rate security in the absence of a unifying "Asian euro." The US dollar has become the region's dominant intraregional trading currency as well as the monetary anchor to which East Asian economies informally peg their currencies. In this timely and original analysis of the benefits and risks of an East Asian dollar standard, Ronald McKinnon takes issue with the conventional view that urges flexible exchange rates on financially fragile economies. He argues instead that East Asian countries should coordinate their policies to keep their exchange rates stable against the dollar.McKinnon develops a conceptual framework to show where the conventional wisdom on exchange rates has gone wrong. Pressure on the "virtuous" high-saving dollar-creditor East Asian nations to appreciate their currencies leads to a "conflicted" choice between a possible deflationary slump if they do appreciate and threatened trade sanctions if they do not. Analyzing interactions among the East Asian economies, McKinnon explains the rationale, and the need, for greater exchange-rate security in the region, pointing to the soft-dollar pegs adopted by these nations as steps in the right direction. He suggests that the dollar standard in East Asia could be rationalized through collective action by national governments and considers the effect of American monetary and trade policies on the East Asian economy.

School effectiveness in East Asia: Concepts, origins and implications

Abstract: Identifies several features in East Asian schools which coincide with commonly recognized characteristics of effective schools in the Western literature: community support, teacher professionalism, attention to quality and high expectations. Attributes this to the East Asian culture and discusses three major dimensions of the East Asian culture: the individual‐community dimension, the effort‐ability dichotomy and the holistic‐analytic tendency in analyses. Traces the origin of such cultural dimensions in the ancient literature and explores the implications of such cultural dimensions in school management. Briefly highlights two major challenges to the adoption of an effective schooling system in East Asia.

Managing the Noodle Bowl: The Fragility of East Asian Regionalism

Abstract: The paper argues that East Asian regionalism is fragile since (i) each nation's industrial competitiveness depends on the smooth functioning of 'Factory Asia' - in particular on intra-regional trade; (ii) the unilateral tariff-cutting that created 'Factory Asia' is not subject to WTO discipline (bindings); (iii) there is no 'top-level management' to substitute for WTO discipline, i.e. to ensure that bilateral trade tensions - tensions that are inevitable in East Asia - do not spillover into region-wide problems due to lack of cooperation and communication. This paper argues that the window of opportunity for East Asian 'vision' was missed; what East Asia needs now is 'management' not vision. East Asia should launch a 'New East Asian Regional Management Effort' with a reinforced ASEAN+3 being the most likely candidate for the job. The first priority should be to bind the region's unilateral tariff cuts in the WTO.

Emerging Asia: Decoupling or Recoupling

Abstract: In this paper, we investigate the degree of real economic interdependence between emerging East Asian and major industrial countries to shed light on the heated debate over the ‘decoupling’ of emerging East Asia. We first document the evolution of macroeconomic interdependence for emerging East Asian economies through changing trade and financial linkages at both the regional and global levels. Then, by employing a panel vector autoregression (VAR) model, we estimate the degree of real economic interdependence before and after the 1997/98 Asian financial crisis. Empirical findings show that real economic interdependence increased significantly in the post-crisis period, suggesting ‘recoupling’, rather than decoupling, in recent years. Output shocks from major industrial countries have a significant positive effect on emerging East Asian economies. More interestingly, the reverse is also true. Output shocks from emerging East Asia (and China) have a significant positive effect on output in major industrial countries. The result suggests that macroeconomic interdependence between emerging East Asia and industrial countries have become ‘bi-directional’, defying the traditional notion of the ‘North–South relationship’ as one of ‘uni-directional’ dependence.