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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 ...
This volume provides a comprehensive assessment of the likely effects of the Uruguay Round agreements on the dynamic economies of East Asia. The rapid development of these countries owes much to the strong export performance and unilateral deregulation of their economies in recent years. Their major stake in maintaining the integrity of the global trading system was demonstrated by their active participation in the negotiations. The impact of the Uruguay Round liberalisation on East Asian economic development and policies is evaluated using sophisticated CGE models to estimate the effects on trade and income. The strengthening of trade rules and dispute settlement procedures are examined by a group of world trade experts. They establish that some gaps in the system remain to be tackled (anti-dumping, regional discrimination) and that some new problems are pending (competition policy, investment).
The current economic crisis in East Asia is unprecedented in world economic history. It seemed the economic strength of the region, until very recently, would just keep growing. Now, the macroeconomic achievements of Asia are under threat and the economies of North America and Europe are feeling the results. This book brings together the thoughts of leading experts on the Asian economy and provides a broad and thorough analysis of the situation. It provides case studies from fourteen countries in the region, how the crisis developed and affected them, and the response from governments. There are other non-country specific chapters with a strong theoretical content which address issues such as causation, how such a crisis should be handled, how it might be avoided in the future, and the likely implications for on-going deregulatory and other economic reforms. This is an important authoritative account of one of the most extraordinary economic events and provides a broad synthesis of case studies and theoretical approaches from a variety of researchers with an intimate knowledge of the region.
Under growing pressure from within and outside their economies, countries around the world have embarked upon wide-ranging programmes of financial reform. This handbook provides country studies of contemporary developments in financial reform in a selection of both developed and developing countries from Western Europe, North America, South America, Asia and Australia. The outcome is an account of the contemporary world-wide attempt to refashion the way in which the financial services industry (and especially the banking sector) is regulated and supervised.
Number 95/3 in the 'Development Issues. Economics Division Working Papers' series. Paper discusses the regulatory issues that arise in relation to international trade in telecommunications services and examines how the more important international agreements seek to overcome the impediments peculiar to the growing area of international trade. The author is a PhD student in the Australia-Japan Research Centre at the Australian National University.
Paper which discusses the Vietnamese economy. Considers the rural economy of the collectivised areas in the 1970s and the 'transitional model' 1979-89. Includes a bibliography. The author is a visiting fellow in the department of economics, Research School of Pacific and Asian Studies, Australian National University.
A working paper from the Economics Division, Research School of Asian Studies, the Australian National University, which attempts to analyse a strategic framework within which implementation of local government policy reform can be undertaken. It emphasises the necessity of highlighting the long existing traditional governing structures that are still part of the everyday life of community people in the islands. It argues that traditional governance is imperative to ensuring sustainable development in the islands. Includes list of references.
This report identifies ways to promote a strong and dynamic private sector in the Philippines that will contribute to its long-term economic growth and sustained poverty reduction.
Number 95/2 in the Economics Division Working Papers South Pacific. This paper focuses on the need for new policies to support resource development in the Federated States of Micronesia, the Republic of the Marshall Islands and the Republic of Palau. The new, and currently booming, tuna longlining and trans-shipment industry of Micronesia is taken as an example of the industrialisation trends and opportunities in the Pacific region as a whole. Inlcudes a bibliography and a list of recent publications by the Economics Division, Research School of Pacific and Asian Studies, the Australian National University. The author is a fellow, Pacific Islands Development Program, East-West Center, Hawaii.