This book takes account of the global financial crisis from Asian perspectives, considering Asian responses to the crisis via two key arenas - regionalism in Asia and the G20. The expert contributors - both Asian and Western - illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of 'middle' powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development. Written with a uniquely multidisciplinary approach, this book will prove a fascinating read for a wide-ranging audience encompassing academics, students, researchers and policymakers in a number of fields including Asian studies, economics, public policy and regional studies. Contributors: E.K.Y. Chen, R. Higgott, D. Hundt, G. Kim, P. Kim, T. Kim, Y. Kim, J. Ma, W. Moon, T. Nakajima, W. Pan, J. Park, T.J. Pempel, S. Quirk, L. Tian, I. Wallerstein, G. Xiao, J. Yang, L. Yongtao, D.R. Yoon

The author of this study of policymaking in postwar Japan contends that the prevailing perceptions of the subject advanced to date are inadequate. Professor Pempel identifies three distinct patterns of policymaking within Japan's current system of hegemonic pluralism. One of these, "policymaking by camp conflict," is associated with broad, highly e

The prospects and value of economic integration and regionalism in Asia are increasingly evident in what could turn out to be 'the Asian Century'. It is within this context that this important book explores the critical economic issues, security concerns and political themes pertinent to Asia in general, and to East Asia in particular. The book features contributions by both Asian and Western scholars who take an interdisciplinary approach encompassing economics, political science and culture. They address various issues including the application of European experiences to Asia, and blend regional country perspectives with broader external views from Russia and the US. In conclusion, the book suggests a tentative road map and future directions for an Asian community asserting the importance of cultural and value studies. This objective analysis of Asian regionalism explores perspectives from both within and outside the region. As such it will prove a fascinating read for academics and researchers, practitioners and policy-makers in a wide variety of fields, including Asian studies, economics, public policy, political economy, international relations and regional science. Contributors include: F. Cameron, I. Cheong, H. Chung, C.-h. Kim, H. Kim, W.-h. Kim, H. Lee, S. Matsuno, J. Park, T.J. Pempel, G. Sorman, A. Verdun, C. Wu, A. Zhebin

The dynamics of Northeast Asia have traditionally been considered primarily in military and hard security terms or alternatively along their economic dimensions. This book argues that relations among the states of Northeast Asia are far more comprehensible when the mutually shaping interactions between economics and security are considered simultaneously. It examines these interactions and some of the key empirical questions they pose, the answers to which have important lessons for international relations beyond Northeast Asia. Contributors to this volume analyze how the states of the region define their 'security', and how bilateral relations in hard security issues and economic linkages play out among Japan, China and the two Koreas. Further, the chapters interrogate how different patterns of techno-nationalist development affect regional security ties, and the extent to which closer economic connections enhance or detract from a nation's self-perceived security. The book concludes by discussing scenarios for the future and the conditions that will shape relations between economics and security in the region. This book will be welcomed by students and scholars of Asian politics, Asian economics, security studies and political economy.

The dynamics of Northeast Asia have traditionally been considered primarily in military and hard security terms or alternatively along their economic dimensions. This book argues that relations among the states of Northeast Asia are far more comprehensible when the mutually shaping interactions between economics and security are considered simultaneously. It examines these interactions and some of the key empirical questions they pose, the answers to which have important lessons for international relations beyond Northeast Asia. Contributors to this volume analyze how the states of the region define their 'security', and how bilateral relations in hard security issues and economic linkages play out among Japan, China and the two Koreas. Further, the chapters interrogate how different patterns of techno-nationalist development affect regional security ties, and the extent to which closer economic connections enhance or detract from a nation's self-perceived security. The book concludes by discussing scenarios for the future and the conditions that will shape relations between economics and security in the region. This book will be welcomed by students and scholars of Asian politics, Asian economics, security studies and political economy.

Defining and conceptualizing Northeast Asia's security complex poses unique quandaries. The security architecture in Northeast Asia to date has been predominately U.S.-dominated bilateral alliances, weak institutional structures and the current Six Party Talks dealing with the North Korean nuclear issue. There has been a distinct lack of desire among regional countries as well as the U.S. to follow in the footsteps of Europe with its robust set of multilateral institutions. However, since the late 1990s, there has been burgeoning interest among regional states towards forming new multilateral institutions as well as reforming and revitalizing existing mechanisms. Much of this effort has been in the economic and political arenas, with the creation of bodies such as the East Asian Summit, but there have also been important initiatives in the security sphere. This book offers detailed examinations about how this potentially tense region of the world is redefining certain longstanding national interests, and shows how this shift is the result of changing power relations, the desire to protect hard-won economic gains, as well as growing trust in new processes designed to foster regional cooperation over regional conflict. Presenting new and timely research on topics that are vital to the security future of one of the world's most important geographical regions, this book will be of great value to students and scholars of Asian politics, regionalism, international politics and security studies.

The author of this study of policymaking in postwar Japan contends that the prevailing perceptions of the subject advanced to date are inadequate. Professor Pempel identifies three distinct patterns of policymaking within Japan's current system of hegemonic pluralism. One of these, "policymaking by camp conflict, "is associated with broad, highly emotional, ideological issues that polarize political forces and that are resolved only after widely publicized battles in the Diet, the media, and the streets. A second pattern, "incremental policymaking, "involves nonideological problems that are settled largely through bureaucratic procedures almost totally removed from public scrutiny. A third pattern, "pressure group policymaking, "pits a limited number of special interest groups against one or more government agencies; this process is less conflictual and public than camp conflict, but more visible and antagonistic than incremental policymaking.

Functional integration in the economy has developed sufficiently in Northeast Asia. The problem, identified by this book, lies in the lag or deficiency of institutional integration. The main impediments to such a move come from non-economic factors including political conflict. This study proposes a Northeast Asian version of the regional integration model. A crisis model and a political leadership model are suggested, with political leadership playing a critical role in utilizing crises to advance regional integration. A market-based transition model and a development model are also offered to show how to ease the transition of North Korea and the development of underdeveloped parts of the region. This book is an objective analysis combining both 'insider' and 'outsider' (most notably US) perspectives of Northeast Asian regionalism. It also usefully applies regional integration theories to the realities of the Northeast Asian situation and presents policy options for regional integration. As the contributions form an interdisciplinary approach, covering economics and political science, the book will appeal to a wide readership. This will include academics and researchers of regional studies, political economy and Asian studies. Practitioners and policymakers working in this area will also appreciate it.

This is the first comprehensive analysis of the ways in which changes in the geopolitical context have altered the nature of the long-stable U.S.-Japan relationship: much of what had once been a bilateral and relatively exclusive relationship has been transformed in the past two decades. The authors present eleven case studies of important domains-ranging from increased flows of private capital to international security concerns to the growing importance of multilateral organizations-in which the relationship has been altered to a greater or lesser degree. Individual chapters present new ways of understanding international financial flows, U.S.-Japan trade relations, and U.S.-Japan manufacturing rivalry. Others present very cogent synthetic analyses of the changing context of U.S.-Japan relations. Together they provide an account of the bilateral, regional, and global institutions-political, military, and financial-that dominate the geopolitics of U.S.-Asia relations. Although written to a consistently high intellectual level, the chapters in this timely volume are intended for a nonspecialist audience and will be useful to practitioners in business and government, as well as to students and teachers.

A Region of Regimes traces the relationship between politics and economics-power and prosperity-in the Asia-Pacific in the decades since the Second World War. This book complicates familiar and incomplete narratives of the "Asian economic miracle" to show radically different paths leading to high growth for many but abject failure for some. T. J. Pempel analyzes policies and data from ten East Asian countries, categorizing them into three distinct regime types, each historically contingent and the product of specific configurations of domestic institutions, socio-economic resources, and external support. Pempel identifies Japan, Korea, and Taiwan as developmental regimes, showing how each then diverged due to domestic and international forces. North Korea, Myanmar, and the Philippines (under Marcos) comprise "rapacious regimes" in this analysis, while Malaysia, Indonesia, and Thailand form "ersatz developmental regimes." Uniquely, China emerges as an evolving hybrid of all three regime types. A Region of Regimes concludes by showing how the shifting interactions of these regimes have profoundly shaped the Asia-Pacific region and the globe across the postwar era. -- Cornell University Press

The financial crisis that swept across East Asia during 1997 1998 was devastating not only in its economic impact but also in its social and political effects. The explosive growth and sociopolitical modernization that had powered the region for much of the preceding decade suddenly were dramatically interrupted. East Asia is economically outperforming the rest of the developing world once again and has become a leading force in the global economy. In the wake of the crisis, East Asia changed in important ways. Crisis as Catalyst contains assessments of these changes-both ephemeral and permanent- by a wide range of specialists in Asian economics and politics.The crisis, as the contributors to this volume show, catalyzed changes across political, corporate, and social arenas both in the countries hit hard by the crisis and in others throughout the region. The authors of Crisis as Catalyst examine what has changed (as well as what has not changed) in East Asia since the crisis, explain these variations, and reflect on the long-term significance of these developments."

A Region of Regimes traces the relationship between politics and economics-power and prosperity-in the Asia-Pacific in the decades since the Second World War. This book complicates familiar and incomplete narratives of the "Asian economic miracle" to show radically different paths leading to high growth for many but abject failure for some. T. J. Pempel analyzes policies and data from ten East Asian countries, categorizing them into three distinct regime types, each historically contingent and the product of specific configurations of domestic institutions, socio-economic resources, and external support. Pempel identifies Japan, Korea, and Taiwan as developmental regimes, showing how each then diverged due to domestic and international forces. North Korea, Myanmar, and the Philippines (under Marcos) comprise "rapacious regimes" in this analysis, while Malaysia, Indonesia, and Thailand form "ersatz developmental regimes." Uniquely, China emerges as an evolving hybrid of all three regime types. A Region of Regimes concludes by showing how the shifting interactions of these regimes have profoundly shaped the Asia-Pacific region and the globe across the postwar era. -- Cornell University Press

This is the first comprehensive analysis of the ways in which changes in the geopolitical context have altered the nature of the long-stable U.S.-Japan relationship: much of what had once been a bilateral and relatively exclusive relationship has been transformed in the past two decades. The authors present eleven case studies of important domains-ranging from increased flows of private capital to international security concerns to the growing importance of multilateral organizations-in which the relationship has been altered to a greater or lesser degree. Individual chapters present new ways of understanding international financial flows, U.S.-Japan trade relations, and U.S.-Japan manufacturing rivalry. Others present very cogent synthetic analyses of the changing context of U.S.-Japan relations. Together they provide an account of the bilateral, regional, and global institutions-political, military, and financial-that dominate the geopolitics of U.S.-Asia relations. Although written to a consistently high intellectual level, the chapters in this timely volume are intended for a nonspecialist audience and will be useful to practitioners in business and government, as well as to students and teachers.

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008 9 and the Asian financial crisis of 1997 98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time, Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since.

The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.

Contributors: Muhamad Chatib Basri, Minister of Finance of the Republic of Indonesia and Professor of Economics at the University of Indonesia; Yun-han Chu, Institute of Political Science, Academia Sinica; Richard Doner, Emory University; Barry Naughton, University of California, San Diego; Yasunobu Okabe, Japan International Cooperation Agency Research Institute; T. J. Pempel, University of California, Berkeley; Tom Pepinsky, Cornell University; Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo"

An overarching ambiguity characterizes East Asia today. The region has at least a century-long history of internal divisiveness, war, and conflict, and it remains the site of several nettlesome territorial disputes. However, a mixture of complex and often competing agents and processes has been knitting together various segments of East Asia. In Remapping East Asia, T. J. Pempel suggests that the region is ripe for cooperation rather than rivalry and that recent "region-building" developments in East Asia have had a substantial cumulative effect on the broader canvas of international politics. This collection is about the people, processes, and institutions behind that region-building. In it, experts on the area take a broad approach to the dynamics and implications of regionalism. Instead of limiting their focus to security matters, they extend their discussions to topics as diverse as the mercurial nature of Japan's leadership role in the region, Southeast Asian business networks, the war on terrorism in Asia, and the political economy of environmental regionalism. Throughout, they show how nation-states, corporations, and problem-specific coalitions have furthered regional cohesion not only by establishing formal institutions, but also by operating informally, semiformally, or even secretly.

In the summer of 1997, a tidal wave of economic problems swept across Asia. Currencies plummeted, banks failed, GNP stagnated, unemployment soared, and exports stalled. In short, the vaunted "Asian Economic Miracle" became the "Asian Economic Crisis" -- with serious repercussions for nations and markets around the world.

While the headlines are still fresh, a group of experts on the region presents the first account to focus on the political causes and implications of the crisis. The events of 199798 involved not just property values, financial flows, portfolio makeup, and debt ratios, they argue, but also the power relationships that shaped those economic indicators.

As they examine the domestic, regional, and international politics that underlay the economic collapse, the authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. The authors also consider whether the crisis indicates a radical change in Asia's economic future.

The Liberal Democratic Party, which dominated postwar Japan, lost power in the early 1990s. During that same period, Japan's once stellar economy suffered stagnation and collapse. Now a well-known commentator on contemporary Japan traces the political dynamics of the country to determine the reasons for these changes and the extent to which its political and economic systems have been permanently altered.

T.J. Pempel contrasts the political economy of Japan during two decades: the 1960s, when the nation experienced conservative political dominance and high growth, and the early 1990s, when the "bubble economy" collapsed and electoral Politics changed. The different dynamics of the two periods indicate a regime shift in which the present political economy deviates profoundly from earlier forms. This shift has involved a transformation in socioeconomic alliances, political and economic institutions, and public policy profile, rendering Japanese politics far less predictable than in the past. Pempel weighs the Japanese case against comparative data from the United States, Great Britain, Sweden, and Italy to show how unusual Japan's political economy had been in the 1960s.

Regime Shift suggests that Japan's present troubles are deeply rooted in the economy's earlier success. It is a much-anticipated work that offers an original framework for understanding the critical changes that have affected political and economic institutions in Japan.

This book brings together up-to-date research from prominent international scholars in a collaborative exploration of the Japan's efforts to shape Asia's rapidly shifting regional order. Pulled between an increasingly inward-looking America whose security support remains critical and a rising and more militarily assertive China with whom Japan retains deep economic interdependence, Japanese leaders are consistently maneuvering to ensure the country's regional interests. Nuclear and missile threats from North Korea and historically problematic relations with South Korea further complicate Japanese endeavors. So too do the shifting winds of Japanese domestic politics, economics and identity. The authors weave these complex threads together to offer a nuanced portrait of both Japan and the region. Scholars, observers of politics, and policymakers will find this a timely and useful collection.

This book brings together up-to-date research from prominent international scholars in a collaborative exploration of the Japan's efforts to shape Asia's rapidly shifting regional order. Pulled between an increasingly inward-looking America whose security support remains critical and a rising and more militarily assertive China with whom Japan retains deep economic interdependence, Japanese leaders are consistently maneuvering to ensure the country's regional interests. Nuclear and missile threats from North Korea and historically problematic relations with South Korea further complicate Japanese endeavors. So too do the shifting winds of Japanese domestic politics, economics and identity. The authors weave these complex threads together to offer a nuanced portrait of both Japan and the region. Scholars, observers of politics, and policymakers will find this a timely and useful collection.

In the summer of 1997, a tidal wave of economic problems swept across Asia. Currencies plummeted, banks failed, GNP stagnated, unemployment soared, and exports stalled. In short, the vaunted "Asian Economic Miracle" became the "Asian Economic Crisis" -- with serious repercussions for nations and markets around the world.

While the headlines are still fresh, a group of experts on the region presents the first account to focus on the political causes and implications of the crisis. The events of 199798 involved not just property values, financial flows, portfolio makeup, and debt ratios, they argue, but also the power relationships that shaped those economic indicators.

As they examine the domestic, regional, and international politics that underlay the economic collapse, the authors analyze the reasons why the crisis affected the nations of Asia in radically different ways. The authors also consider whether the crisis indicates a radical change in Asia's economic future.

The Liberal Democratic Party, which dominated postwar Japan, lost power in the early 1990s. During that same period, Japan's once stellar economy suffered stagnation and collapse. Now a well-known commentator on contemporary Japan traces the political dynamics of the country to determine the reasons for these changes and the extent to which its political and economic systems have been permanently altered.

T.J. Pempel contrasts the political economy of Japan during two decades: the 1960s, when the nation experienced conservative political dominance and high growth, and the early 1990s, when the "bubble economy" collapsed and electoral Politics changed. The different dynamics of the two periods indicate a regime shift in which the present political economy deviates profoundly from earlier forms. This shift has involved a transformation in socioeconomic alliances, political and economic institutions, and public policy profile, rendering Japanese politics far less predictable than in the past. Pempel weighs the Japanese case against comparative data from the United States, Great Britain, Sweden, and Italy to show how unusual Japan's political economy had been in the 1960s.

Regime Shift suggests that Japan's present troubles are deeply rooted in the economy's earlier success. It is a much-anticipated work that offers an original framework for understanding the critical changes that have affected political and economic institutions in Japan.

Two Crises, Different Outcomes examines East Asian policy reactions to the two major crises of the last fifteen years: the global financial crisis of 2008 9 and the Asian financial crisis of 1997 98. The calamity of the late 1990s saw a massive meltdown concentrated in East Asia. In stark contrast, East Asia avoided the worst effects of the Lehman Brothers collapse, incurring relatively little damage when compared to the financial devastation unleashed on North America and Europe. Much had changed across the intervening decade, not least that China rather than Japan had become the locomotive of regional growth, and that the East Asian economies had taken numerous steps to buffer their financial structures and regulatory regimes. This time, Asia avoided disaster; it bounced back quickly after the initial hit and has been growing in a resilient fashion ever since.

The authors of this book explain how the earlier financial crisis affected Asian economies, why government reactions differed so widely during that crisis, and how Asian economies weathered the Great Recession. Drawing on a mixture of single-country expertise and comparative analysis, they conclude by assessing the long-term prospects that Asian countries will continue their recent success.

Contributors: Muhamad Chatib Basri, Minister of Finance of the Republic of Indonesia and Professor of Economics at the University of Indonesia; Yun-han Chu, Institute of Political Science, Academia Sinica; Richard Doner, Emory University; Barry Naughton, University of California, San Diego; Yasunobu Okabe, Japan International Cooperation Agency Research Institute; T. J. Pempel, University of California, Berkeley; Tom Pepinsky, Cornell University; Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo"

This book analyses the way in which the Japanese Civil Service has contributed to Japan's economic growth and the lessons that experience may offer for other developing countries.