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The prospect of a new, rapidly rising China poses both opportunities and challenges for regional community building in Asia Pacific. In this book, intellectual leaders from the region present their perspectives on China's development. Four chapters by Chinese authors analyze the domestic dynamics related to the country's political and economic development as well as its external economic and political/security relationships. Contributors from Japan, Korea, member-countries of the Association of Southeast Asian Nations, and Australia/New Zealand cover the growing political influence of China in the region, its influence on security in the region, and the implications of China's continuing economic growth. Five final chapters examine China's regional strategy toward Asia Pacific, Japan-China cooperation on regional community building, taking a greater role in regional security arrangements and the regional economic order, and the cultural implications for the region of the rise of China. Contributors include Yang Guangbin (Renmin University, Japan), Men Honghua (Central Party School, China), Wang Rongjun (Chinese Academy of Social Science), Ni Feng (Chinese Academy of Social Sciences), Takahara Akio (Rikkyo University, Japan), Ohashi Hideo (Senshu University, Japan), Lee Geun, (Seoul National University, Korea), Jwa Sung-Hee (Korea Economic Research Institute), Morada Noel (Institute for Strategic and Development Studies, Philippines), Mari Pangestu (former executive director, Center for Strategic and International Studies), Greg Austin, (European Institute for Asian Studies, Brussels, and Australian National University), Jusuf Wanandi (Center for Strategic and International Studies, Indonesia), Chia Siow Yue (Singapore Institute of International Affairs and EADN), and Wang Gungwu, (East Asian Institute, Singapore).
The Gulf Cooperation Council (GCC) is comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Possessing a significant share of the world's oil and gas reserves and including some of the world's fastest growing economies, the GCC is a significant regional grouping. As with the Association of Southeast Asian Nations (ASEAN), the Council has made significant progress towards economic integration. Seeking to draw out lessons applicable to ASEAN, this report looks at the structure and evolution of the GCC. This includes the context within which the Council was established, its rationale, and economic importance. It then follows the organization's development over time, paying particular importance to its progress from Customs Union and Common Market towards Monetary Union. The report then sets out the key challenges ahead for the Council, and concludes by highlighting the structural, organizational, and political lessons that resonate with ASEAN and its membership.
China, India and Japan are among the biggest players in the global economy today. However, Asia's ability to lead the world depends not just on the impressive growth rates or the immense natural resources and human talent of its leading nations; rather, it hinges on the region's ability to overcome its internal rivalries and respond to new transnational challenges. Conflict and cooperation are the two central themes of this book - a collection of commentaries and opinion pieces by Professor Amitav Acharya from various newspapers and publications from 2002 to 2006. It covers a wide range of issues such as the rise of China, Asia's leadership legacy and the role of ASEAN. Also discussed are the fate of democracy in Asia, and the implications of transnational dangers and the changing world order for Asia.
'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.
In today's rapid rise and expansion of China's influence all around the world and in ASEAN during the past two decades, there has been an increasing awareness of various countries and regions adjusting themselves to the new trends, both in terms of opportunities and risks alike. This has become necessary due to the rapid changes in many aspects — political landscapes, economic issues, as well as social and cultural considerations. This book, China's Rise in Mainland ASEAN: Regional Evidence and Local Responses, provides timely insights on some of the latest issues pertaining to ASEAN and China, rapidly shifting interactions and upcoming geostrategic challenges.ASEAN can be said to be undergoing a new era, with China becoming more intertwined and involved with the ASEAN region than ever before. The complexity of the regional dynamics means that this phenomenon cannot be captured with a single narrative or discipline of study. In addressing the matters at hand, this book sets out to examine and provide deeper understandings on the regional implications, and local responses from ASEAN countries, and from the perspective of the region as a whole. The underlying rationale is that adequate understanding on the matters involved in this new ASEAN-China era will help to encourage better and mutually beneficial relationships between both sides.The analysis of this book will be categorized into four main themes — (1) 'The Big Picture', concerning China's policies, strategies, and diplomatic stances, (2) 'Implications and Responses', dealing with how ASEAN members react and respond to China's actions and regional influence, (3) 'Perspectives on Trade, Investment and External Debt', which handles the economic facets of the ASEAN-China interactions, and (4) 'Connectivity in Focus', addressing various emerging and existing dimensions of connectivity expansion between ASEAN and China, both physical and virtual.
China, India and Japan are among the biggest players in the global economy today. However, Asia's ability to lead the world depends not just on the impressive growth rates or the immense natural resources and human talent of its leading nations; rather, it hinges on the region's ability to overcome its internal rivalries and respond to new transnational challenges. Conflict and cooperation are the two central themes of this book - a collection of commentaries and opinion pieces by Professor Amitav Acharya from various newspapers and publications from 2002 to 2006. It covers a wide range of issues such as the rise of China, Asia's leadership legacy and the role of ASEAN. Also discussed are the fate of democracy in Asia, and the implications of transnational dangers and the changing world order for Asia.
For many years, Japan was seen as the peculiar exception in Asia: a highly dynamic economy isolated in an otherwise moribund continent. With the rise of the Southeast Asian and Chinese economies, however, it has now become clear that Asia as a whole is experiencing an extraordinary revolution which will result, within a very few years, in living standards for some countries being on a par with those in the West. The results of this transformation can only be guessed at, but The Rise of Asia adds a far greater sophistication to our understanding of how this process came about, treating the key areas of Asian life (economics, society and politics) as an integrated whole and avoiding the trap of most commentators, who see the phenomenon as an exclusively postwar economic issue. Balancing the uniquely Asian aspects with global developmental factors, Dr. Tipton creates a convincing picture of how this amazing change has occurred.
A Rising China and Security in East Asia provides a systematic and in-depth analysis of the security discourse of Chinese elites on the major powers in East Asia, namely the US, Japan and Russia, and how China perceives their global security strategy.
Available Open Access under CC-BY-NC licence. Examining how the Association of Southeast Asian Nations’ (ASEAN) has responded to external threats over the past 50 years, this book provides a compelling account of regional state actions and foreign policy in the face of potential sovereignty violation. The author draws on a large amount of previously unanalysed material, including declassified government documents and WikiLeaks cables, to examine four key cases since 1975. Taking into account state interests and the role of external powers, the author develops the ‘vanguard state theory’ to explain ASEAN state responses to sovereignty violation, which, it is argued, has universal applicability and explanatory power.
Income inequality is one of the most profound social, economic, and political challenges of our time. The gap between the rich and the poor has been regarded as a major concern for policy makers. This gap is at its highest level in decades for developed economies, while the inequality trend has been rising in many developing countries. In Asia, despite recent economic growth, income distribution has been worsening as well. This book contributes to the existing literature on inequality in Asia by focusing on three broad themes, corresponding to three parts of the volume. Part I offers an overview of inequality in Asia, Part II focuses on the drivers of rising inequality in Asia, and Part III presents country case studies.