East Asia is a powerhouse of automobile production. Yet, across the region, national automobile industries have had strikingly different patterns of development. Despite starting from equally low levels of performance and initially similar strategies, countries have experienced vastly different results. From Thailand's success as an assembly hub for foreign automakers and China's unexpected achievements in building its own car industry, to South Korea's impressive development of an integrated industry, to the Philippines' persistent weakness, these divergent paths offer a fascinating window into the determinants of economic growth. The Political Economy of Automotive Industrialization in East Asia provides a political explanation for why development strategies and performance have been so uneven within one of the world's most important regions. Utilizing interviews and original-language research from multiple nations, this book explains that factors such as market size and neoclassical economic policies alone cannot explain these patterns of development. Richard F. Doner, Gregory W. Noble, and John Ravenhill instead highlight the significance of two sets of factors: countries' very different capabilities for implementing policies and the political forces that help to explain the emergence of effective institutions. Through cross-national analyses of China, Taiwan, South Korea, Indonesia, Malaysia, the Philippines, and Thailand, the book sets up a clear structure for understanding industrial development and how it enables or constrains the capabilities of domestic firms. Brief comparisons with Brazil, Mexico, and other developing countries confirm the utility of the analytic framework and demonstrate how it is superior both to accounts in mainstream economics and much of political science, which fail to give sufficient emphasis to the role of public and public-private institutions, or provide an explanation of the political bases of those institutions. In a world where auto assemblers and suppliers are facing new challenges in an ever-evolving industry-such as the transition to electric and autonomous vehicles-this book offers a crucial perspective on the centrality of institutional capacities and political economy. By tracing the divergent trajectories of seven nations, The Political Economy of Automotive Industrialization in East Asia offers lessons beyond the automobile industry that illustrate the broader importance of institutions to economic growth.

The post-war growth of the East Asian economies is an unprecedented achievement in world economic history. The newly-industrializing countries of Hong Kong, the Republic of Korea, Singapore and Taiwan were first to emulate Japan's economic success; more recently, the People's Republic of China and several Southeast Asian countries have experienced extremely high rates of economic growth and rapid industrial transformation.This comprehensive six volume set brings together the best work published on the political economy of the East Asia region, including studies of Japan, Korea, Taiwan, China, Hong Kong, Singapore, Indonesia, Malaysia, Thailand and the Philippines. The collections will be welcomed by specialists in Asian studies, comparative politics, international political economy and economics. The series can be purchased either by title - each of which consists of two volumes - or as a complete six volume set. JAPAN Japan's economic transformation in the postwar period occurred at an historically unprecedented pace. Rapid urbanization accompanied economic growth and brought major changes in the social and political systems. These authoritative volumes analyse the factors behind Japan's economic success and the consequences that it has had both for Japan's political system and for Japan's role in the global economy. Volume I focuses on the process of policy making in Japan, especially on the issue of the relative importance of the bureaucracy and its relations with other key actors. The second part of the volume contains the most important contributions to the debate on whether industrial policy was the principal reason for Japan's economic success. Volume II contains sections on industrial culture and organization that examine Japanese corporate systems, the role of flexible production, the unique nature of Japanese society and the advantages and drawbacks of Japan's industrial groupings, as well as the regulatory framework under which Japan's firms operate. The final readings focus on the question of whether Japan's trading pattern is abnormal for an economy of its level of development and natural resources, and how this pattern will evolve in the future. CHINA, KOREA AND TAIWAN This two volume set focuses on the political economy of Korea, Taiwan, China and Hong Kong four of the most rapidly growing countries in the contemporary world economy. The first chapters in this collection are comparative studies of the political economy of the newly-industrializing countries in general; these construct an East Asian 'model' as a tool for comparative analysis. Later comparative work reproduced in the first volume focuses specifically on Korea and Taiwan and is concerned with explaining the different evolution of state-society relations in these two countries. Among the subjects included are economic adjustment, financial systems, agriculture, trading companies, and policies on foreign direct investment and trade. The second part of Volume II consists of papers on the political economy of China since beginnings of the economic liberalization process in 1978. Besides reviewing the achievements of China in this period, the chapters discuss the continuing contradictions of market liberalization under the auspices of the Chinese Communist Party. The final papers in Volume II review the political economy of Hong Kong, how its economy has been shaped by government policies, and the increasing importance of economic links with mainland China. SINGAPORE, INDONESIA, MALAYSIA, THE PHILIPPINES AND THAILAND This two volume set focuses on the political economy of five of the member states of ASEAN, the Association of Southeast Asian Nations. The readings document how Singapore has enjoyed consistently high rates of growth since the mid-1960s thanks to a mixture of liberal trade policies and judicious government intervention. By the early 1990s it per capita income had surpassed that of many Western European countries. Singapore was the only Southeast Asian country to be included in the original list of newly industrializing countries. In the decade after the mid-1980s, Indonesia, Malaysia and Thailand also all enjoyed very high rates of economic growth. Their recent success reflects the benefits, first, of policy reform that has reduced economic distortions and, second, of high levels of foreign direct investment from Northeast Asia. The readings identify some of the continuing struggles between proponents of liberalization and advocates of protectionism who have benefited from the patrimonial politics characteristic of these three countries. The reading on the fifth country in this volume, the Philippines, analyse how the country's development has been held back by the 'crony capitalism' of the Marcos years and by the failure to introduce measures that would reduce the power of the traditional landed elites.

The financial crises across Asia in 1997-98 ignited fierce debate about domestic economic weaknesses and flaws in the international financial system. Some analysts blamed Asian governments for inadequate prudential supervision, widespread failures of corporate governance and even "crony capitalism." Others assailed the inherent instability of global financial markets and what they considered to be hasty and ill-conceived liberalization taken at the behest of western-dominated international financial institutions. In this volume a distinguished group of political scientists, economists, and practitioners examines the political and economic causes and consequences of the crisis. To what extent were domestic economic factors to blame for the crisis? Why were some economies more prone to crisis than others? What are the costs and benefits of international financial liberalization? Who bears the risks and the costs of measures taken to reduce them? And what are the prospects for reform of the International Monetary Fund, international banking standards, and foreign exchange systems?

Long divided by cultural, economic, and political differences, the Asia-Pacific region has little history of multilateral cooperation. Alliances that once linked individual countries with one or the other superpower fostered deep mistrust among neighbouring states. The end of the Cold War, however, has created new opportunities for multilateral coo

Long divided by cultural, economic, and political differences, the Asia-Pacific region has little history of multilateral cooperation. Alliances that once linked individual countries with one or the other superpower fostered deep mistrust among neighbouring states. The end of the Cold War, however, has created new opportunities for multilateral coo

Since its establishment in 1989, APEC has graduated from a ministerial-level gathering of nine countries to an institution that stages annual summits, has a permanent secretariat, and whose twenty-one members have committed themselves to establishing free trade in the region. A decade after its foundation, however, members have been increasingly frustrated with the grouping's progress. In this theoretically sophisticated book, John Ravenhill examines the reasons for APEC's establishment, its evolution, and the causes of its failures.

The financial crises across Asia in 1997-98 ignited fierce debate about domestic economic weaknesses and flaws in the international financial system. Some analysts blamed Asian governments for inadequate prudential supervision, widespread failures of corporate governance and even "crony capitalism." Others assailed the inherent instability of global financial markets and what they considered to be hasty and ill-conceived liberalization taken at the behest of western-dominated international financial institutions. In this volume a distinguished group of political scientists, economists, and practitioners examines the political and economic causes and consequences of the crisis. To what extent were domestic economic factors to blame for the crisis? Why were some economies more prone to crisis than others? What are the costs and benefits of international financial liberalization? Who bears the risks and the costs of measures taken to reduce them? And what are the prospects for reform of the International Monetary Fund, international banking standards, and foreign exchange systems?

In the past quarter century, the importance of Asia in international relations has grown exponentially. This Handbook gathers the most important scholars in the field of international relations to address this epochal sea change in world politics. The editors and contributors focus on three basic themes: developing appropriate theories for explaining Asia's evolving position in international relations both within Asia and with the rest of the world; tracing the recent history of Asia in world politics; and focusing on emerging trends. The Handbook brings readers up to date on the bilateral, regional, and global relations of Asian countries in the fields of political economy, national security, and human security.
Comprehensive in theme, breadth, and methodology, this Handbook is a timely addition to the existing literature on the changes currently underway in Asian countries that promise to have significant implications for world politics.

An expert team of international authors present a diverse and comprehensive selection of theories and issues, carefully brought together by experienced editor John Ravenhill. Crucially, debates are presented through a critical lens to encourage students to unpack claims, form independent views, and challenge assumptions. This text is the only introduction to global political economy that lets students learn from the very top scholars in the field. Now in its sixth edition, this highly successful textbook has been thoroughly updated with contemporary real word examples, including the impact of the Trump administration, Brexit, and economic nationalism. Furthermore, new analysis has been added on the international political economy of work, labour, and energy. This ensures that Global Political Economy is the most up-to-date and relevant textbook on the subject available. This book is supported by online resources designed to help students take their learning further.

East Asia is a powerhouse of automobile production. Yet, across the region, national automobile industries have had strikingly different patterns of development. Despite starting from equally low levels of performance and initially similar strategies, countries have experienced vastly different results. From Thailand's success as an assembly hub for foreign automakers and China's unexpected achievements in building its own car industry, to South Korea's impressive development of an integrated industry, to the Philippines' persistent weakness, these divergent paths offer a fascinating window into the determinants of economic growth. The Political Economy of Automotive Industrialization in East Asia provides a political explanation for why development strategies and performance have been so uneven within one of the world's most important regions. Utilizing interviews and original-language research from multiple nations, this book explains that factors such as market size and neoclassical economic policies alone cannot explain these patterns of development. Richard F. Doner, Gregory W. Noble, and John Ravenhill instead highlight the significance of two sets of factors: countries' very different capabilities for implementing policies and the political forces that help to explain the emergence of effective institutions. Through cross-national analyses of China, Taiwan, South Korea, Indonesia, Malaysia, the Philippines, and Thailand, the book sets up a clear structure for understanding industrial development and how it enables or constrains the capabilities of domestic firms. Brief comparisons with Brazil, Mexico, and other developing countries confirm the utility of the analytic framework and demonstrate how it is superior both to accounts in mainstream economics and much of political science, which fail to give sufficient emphasis to the role of public and public-private institutions, or provide an explanation of the political bases of those institutions. In a world where auto assemblers and suppliers are facing new challenges in an ever-evolving industry-such as the transition to electric and autonomous vehicles-this book offers a crucial perspective on the centrality of institutional capacities and political economy. By tracing the divergent trajectories of seven nations, The Political Economy of Automotive Industrialization in East Asia offers lessons beyond the automobile industry that illustrate the broader importance of institutions to economic growth.

Provides a critical examination of African and international responses to Africa's economic decline of the last two decades, especially the links between economics and politics.

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."