Globalisation is a timely and controversial topic. Against the chorus of globalisation 's proponents and detractors, the authors propose an approach for measuring globalisation and its consequences. Undertaking a comprehensive review of the literature on globalisation and using data from the MGI and KOF indices, the well-respected authors build a framework for defining globalisation and analyzing the relationships among economic, political, and social variables.

Given the importance of globalization in today?s world, this salutary and timely book explores how globalization is specifically shaping the Asia-Pacific. It investigates future prospects and challenges, identifies the key winners and losers, and concludes in many cases that the portents for globalization are not particularly promising. Prominent economists and policy scholars examine a wide range of topics pertinent to globalization and economic integration in the Asia-Pacific, encompassing macroeconomic coordination and financial market integration; regionalism and preferential trade agreements; and immigration and labor markets, including gender issues and the impact of outsourcing. Through these analyses, the expert contributors illustrate the importance of market participants and regulators clearly understanding the risks associated with the present stage of globalization. They show that national policy makers need to reconfigure the regulatory framework following international lessons from previous financial crises experienced in the last two decades, and that financial literacy is essential for market participants, especially in emerging economies. Many of the issues discussed will prove useful in promoting the development of a new international financial architecture, comprising measures that will help reap the full benefits of globalization.This stimulating and challenging book will strongly appeal to academics, advanced undergraduates, postgraduates, researchers, and policy makers in the fields of Asian studies, international economics, and international business.

Globalisation is a timely and controversial topic. Against the chorus of globalisation 's proponents and detractors, the authors propose an approach for measuring globalisation and its consequences. Undertaking a comprehensive review of the literature on globalisation and using data from the MGI and KOF indices, the well-respected authors build a framework for defining globalisation and analyzing the relationships among economic, political, and social variables.

In this collection, academics and policy-makers from Australia, Japan, New Zealand and Singapore present research results on a variety of topics based around three key themes: macroeconomics and trade, labour and social issues, and taxes and government spending. The chapters are empirically-oriented and include both cross-country studies and individual country studies. They include examinations of key topics, such as the problem of corruption, the relationship between trade liberalisation and growth and the impact of migration on the Asian welfare state, as well as studies of Chinese manufacturing exports and the income volatility of Indonesian banks. The scholarship containing in this collection is a crucial resource to researchers and commentators on the economies in our Asia-Pacific region. This book was originally published as a special issue of the Journal of the Asia Pacific Economy.