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An unacknowledged key feature of East Asian FTA diplomacy is the
region's active cross-regional preferential trading relations. In
sharp contrast to the Americas and Europe, where cross-regional
initiatives gained strength after the consolidation of regional
trade integration, East Asian governments negotiate trade deals
with partners outside of their region at an early stage in their
FTA policies. The book asks three main questions: Are there
regional factors in East Asia encouraging countries to explore
cross-regionalism early on? What are the most important criteria
behind the cross-regional partner selection? How do cross-regional
FTSs (CRTAs) influence their intra-regional trade initiatives?
Through detailed country case studies from China, Japan, South
Korea, Singapore, Thailand and Malaysia, we show the ways in which
these governments seek to leverage their CRTAs in the pursuit of
intra-regional trade integration objectives, a process that yields
a much more permeated regionalism.
An unacknowledged key feature of East Asian FTA diplomacy is the
region's active cross-regional preferential trading relations. In
sharp contrast to the Americas and Europe, where cross-regional
initiatives gained strength after the consolidation of regional
trade integration, East Asian governments negotiate trade deals
with partners outside of their region at an early stage in their
FTA policies. The book asks three main questions: Are there
regional factors in East Asia encouraging countries to explore
cross-regionalism early on? What are the most important criteria
behind the cross-regional partner selection? How do cross-regional
FTSs (CRTAs) influence their intra-regional trade initiatives?
Through detailed country case studies from China, Japan, South
Korea, Singapore, Thailand and Malaysia, we show the ways in which
these governments seek to leverage their CRTAs in the pursuit of
intra-regional trade integration objectives, a process that yields
a much more permeated regionalism.
Banking on Multinationals addresses two fundamental puzzles in
Japanese industrial policy: Why does the Japanese state-better
known for its attempts to control markets, protect infant
industries, and maximize national exports-administer the world's
largest public program to support the expansion of multinational
corporations? And why does the Japanese state not fear loss of
control over mobile multinational corporations and erosion of the
domestic export base through foreign direct investment (FDI)?
Solis's explanation of Japan's lead in state financing of FDI takes
into account both the industrial policy goals behind the extension
of FDI loans and the political uses of subsidized credit to appease
economically weak but politically powerful constituencies. As the
first systematic study of Japan's public FDI loan program, Banking
on Multinationals reveals a previously unexamined dimension of
Japanese government policy and helps explain the uncanny ability of
stagnant sectors and small firms to participate in FDI activities.
Rather than simply espousing the familiar idea that Japan's
preeminent role as banker to multinationals is evidence of
mercantilism in Japanese foreign economic policy, this book brings
to life the domestic political conflicts underlying FDI policy.
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