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East Asian countries - currently the most dynamic region of the
global economy - have recently pursued trade liberalization through
the adoption of various forms of bilateral and plurilateral Free
Trade Agreements (FTAs). The book explores the key issues and
possible outcomes arising from this departure from the region's
traditional multilateral approach to trade liberalization.
Implications of this new approach for the region as a whole, and
key participating individual economies and blocs of economies, are
emphasized. New East Asian Regionalism includes up-to-date analysis
of the most recent developments in FTAs between countries in East
Asia, as well as those involving countries from outside the region.
Furthermore, the book includes invaluable projections on economic
and welfare outcomes of regional trade agreements, using the very
latest empirical techniques, and data. The book also considers the
implications arising from closer financial integration in the
region. This book will be warmly welcomed by scholars of regional
science, international economics and business, as well as Asian
studies. Policymakers at both the national government and
international organization level will also find this book of great
interest.
Korea has played, and will increasingly play, an important role in
the future development of the South East Asian region, including
the expansion of regional economic cooperation and interregional
trade. Indeed Korea has been a leading proponent of the idea of
ASEAN+3. Clearer understanding of this economy, its major
contemporary policy and reform issues and its future, are of
particular interest from both regional and global perspectives.A
remarkable recovery of the post-crisis Korean economy occurred, but
questions over its sustainability remain. Korea, therefore, stands
at an important economic crossroads. This opportune book draws upon
the knowledge of a wide range of experienced Korean economists and
specialists to cover in detail many specific sectors and policy
areas, ranging from the key reform sectors - financial, corporate,
and public and the labour market, to that of monetary and exchange
rate policies. The role and contribution of the 'new economy' is
also examined along with developments in Korea's trade and foreign
direct investment, free trade agreement policy, inter-Korean
economic relations, and the core ingredients of a 'new' growth and
economic development paradigm. Scholars and researchers of
comparative economics as well as more specifically contemporary
Korean and Asian economic, development and financial studies will
find this book of great interest.
Korea, one of the original 'Tiger Economies', experiences a
traumatic and largely unanticipated economic crisis in 1997-98 from
which the country is still recovering. Despite having achieved
spectacular economic advances from the early 1960s, the crisis laid
bare numerous structural, economic and policy weaknesses. Charles
Harvie and Hyun-Hoon Lee chronicle and analyze the key factors
behind Korea's economic miracle from 1962-1989 and the causes that
contributed to the economic downturn and ensuing crisis of 1997-98.
Is the Korean economy still fading or is its revival underway? As
the country undertakes a series of recovery measures, the authors
consider the importance of the ongoing restructuring efforts in the
corporate and banking sectors, the development of the 'new economy;
and the potential economic advantages to be derived from
reunification with the North.
Korea experiences a traumatic and largely unanticipated economic crisis in 1997-98 from which the country is still recovering. The crisis laid bare numerous structural, economic, and policy weaknesses. The authors chronicle and analyze the key factors behind Korea's economic miracle from 1962-1989 and the causes that contributed to the economic downturn and ensuing crisis of 1997-98. As the country undertakes a series of recovery measures, the authors consider the importance of the ongoing restructuring efforts in the corporate and banking sectors, the development of the 'new economy', and the potential economic advantages to be derived from reunification with the North.
Coronavirus disease (COVID-19) has been an unprecedented,
once-in-a-century gamechanger for the world. The central focus of
Post-COVID Asia is the new world that will emerge after the
coronavirus. In particular, this book explores how deglobalization
will proceed in the post-COVID world and what kind of impact
deglobalization will have on Asian economies. After all, in the
last few decades, Asia has leveraged globalization to become the
world's fastest-growing, most dynamic region. Therefore, an urgent
challenge facing Asian economies is to figure out how to survive
and thrive when the globalization which served them so well is
giving way to deglobalization.Opportunities have emerged for Asian
economies amid the winding down of the third wave of globalization.
In fact, the next wave of globalization is already beginning to
take shape, in tandem with the Fourth Industrial Revolution, which
is full of exciting new technologies. This book offers insights
that would help governments, companies and people in Asia to ride
the next wave of globalization to power their prosperity.
Coronavirus disease (COVID-19) has been an unprecedented,
once-in-a-century gamechanger for the world. The central focus of
Post-COVID Asia is the new world that will emerge after the
coronavirus. In particular, this book explores how deglobalization
will proceed in the post-COVID world and what kind of impact
deglobalization will have on Asian economies. After all, in the
last few decades, Asia has leveraged globalization to become the
world's fastest-growing, most dynamic region. Therefore, an urgent
challenge facing Asian economies is to figure out how to survive
and thrive when the globalization which served them so well is
giving way to deglobalization.Opportunities have emerged for Asian
economies amid the winding down of the third wave of globalization.
In fact, the next wave of globalization is already beginning to
take shape, in tandem with the Fourth Industrial Revolution, which
is full of exciting new technologies. This book offers insights
that would help governments, companies and people in Asia to ride
the next wave of globalization to power their prosperity.
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