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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.
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
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.
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.
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 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."
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?
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.
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