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Asia’s phenomenal growth over the past few decades has been driven by the rise of Factory Asia. However, the global financial crisis and uncertain growth prospects in the United States and the eurozone have dampened demand for Asian exports. At the same time, rising wages threaten to erode the cost advantage that the region once had, managing supply chains has become more complex, and new technologies are transforming manufacturing. How can regional economies move beyond Factory Asia? What strategies can Asian economies pursue to meet these challenges? This monograph will examine a range of policy, institutional, legal, and regulatory issues relating to reforms that will drive Asia’s economic and social transformation in its quest for a new Factory Asia model.
This book assesses the challenges confronting the Factory Asia model. It examines how countries that are already part of Factory Asia can move up the value chain, and how economies that currently stand outside the parameters of Factory Asia can find ways to join the global network production system. The book hinges on two tasks: first, how fast can Asia expand its own domestic and regional markets; and second, how fast can Asia upgrade its competitiveness in the manufacturing sector. As analyzed in great detail and depth in this book, small and big obstacles stand in the way of fulfilling these tasks. Without clever economic reasoning, shrewd strategy, and immense political entrepreneurship, the new Factory Asia will remain as an unfinished agenda. This book will serve as catalyst for officials, experts and industries to facilitate a larger public dialogue in and out of Asia, and help generate momentum for the transformation of Asia into a more inclusive and sustainable platform for the future of Factory Asia. Contents Tables and Figures Contributors Foreword Executive Summary Abbreviations PartⅠ Beyond Factory Asia 1. Beyond Factory Asia: Fuelling Growth in a Changing World 2. Can Free Trade Agreements Support the Growth or Spread of Factory Asia PartⅡ Outsourcing Risks of Asian Manufacturing and Services 3. The Effect of International Outsourcing on Job Growth in the Republic of Korea 4. Do Small and Medium Enterprises Gain from Global Production Networks Evidence from the Republic of Korea 5. Changing Competitiveness of the Japanese Manufacturing Sector and Firms in Regional Production Networks in Asia 6. Services Sector Integration in Asia: Emerging Regional Service Business Models PartⅢ Source of Germany’s Competitiveness in Manufacturing 7. What has been Maintaining Germany’s Competitiveness in Manufacturing
This book contains a medium-term (five-year) economic outlook for Southeast Asia, China and India.
"Asia's phenomenal growth over the past few decades has been driven by the rise of Factory Asia. However, the global financial crisis and uncertain growth prospects in the United States and the eurozone have dampened demand for Asian exports. At the same time, rising wages threaten to erode the cost advantage that the region once had, managing supply chains has become more complex, and new technologies are transforming manufacturing. How can regional economies move beyond Factory Asia? What strategies can Asian economies pursue to meet these challenges? This monograph will examine a range of policy, institutional, legal, and regulatory issues relating to reforms that will drive Asia's economic and social transformation in its quest for a new Factory Asia model."--Description.
The characteristic feature of the recent Global Economic Crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output is a negative outcome of this intertwined global economic system. Based on the method known as international input-output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.
With the economic and political rise of East Asia in the second half of the twentieth century, many Western countries have re-evaluated their links to their Eastern counterparts. Thus, in recent years, Asian German Studies has emerged as a promising branch within interdisciplinary German Studies. This collection of essays examines German-language cultural production pertaining to modern China and Japan, and explicitly challenges orientalist notions by proposing a conception of East and West not as opposites, but as complementary elements of global culture, thereby urging a move beyond national paradigms in cultural studies. Essays focus on the mid-century German-Japanese alliance, Chinese-German Leftist collaborations, global capitalism, travel, identity, and cultural hybridity. The authors include historians and scholars of film and literature, and employ a wide array of approaches from postcolonial, globalization, media, and gender studies. The collection sheds new light on a complex and ambivalentset of international relationships, while also testifying to the potential of Asian German Studies.
A star-making factory without rival, the Japanese talent agency Johnny's Jimusho has brought fame to several generations of male stars – singers, actors and performers. Beyond the Male Idol Factory asks what the phenomenon of “Johnny's Idols” reveals about discourses of masculinity and national identity in contemporary Japan. Examining the pervasive presence of these stars across a wide range of Japanese media, the book explores how Johnny's Idols act as role models of ideal masculinity and good citizenship as well as entertainers. Taking a wide-ranging cultural studies approach, the book assesses the social, economic and demographic contexts of these familiar stars in post-industrial and post-Bubble Japanese society.
The Chinese in Southeast Asia, with their growing economic clout, have been attracting attention from politicians, scholars and observers in recent decades. The rise of China as a global economic power and its profound influence over Southeast Asia has cast a spotlight on the role of Southeast Asian Chinese in the region's economic relations with China.The Southeast Asian Chinese as an economic force and their growing importance with China are, to a certain extent, determined by the nature and development of their communities. This book uses a multifaceted approach to unravel the forces that helped to transform the communities in the past. Containing 17 papers written within a span of six and a half years, from 2000 to 2006, the book focuses on the social, economic and political aspects of these communities, with special emphasis on the Chinese in Malaysia and Singapore.
This book examines five countries in South East Asia that are instructive case studies of how the region has had to negotiate pathways of development beyond crises and traps. At two ends of just one decade, 1997–2007, Indonesia, Malaysia, the Philippines, Thailand and Vietnam all had to weather the shocks of an East Asian financial crisis and a global financial crisis. Some economies might have buckled completely under those shocks and been condemned to long-term stagnation. Yet these five economies, part of the larger Asian region, emerged with continued if slower economic growth. An important theme of this book is that their resilience has been partly derived from the pursuit of growth and competitiveness along less known or recommended pathways. The chapters of this book take a novel approach to South East Asia’s search for growth and improvement. They do not begin by evaluating how far macro-level performances would take a particular country towards high-income status. Instead they provide original insights into actual cases of intermediate ways of achieving growth, upgrading and income improvement in non-privileged sectors. Such cases may hold more relevant lessons for the majority of developing countries than the experiences of highly developed economies.
Infrastructure is essential for development. This report presents a snapshot of the current condition of developing Asia's infrastructure---defined here as transport, power, telecommunications, and water supply and sanitation. It examines how much the region has been investing in infrastructure and what will likely be needed through 2030. Finally, it analyzes the financial and institutional challenges that will shape future infrastructure investment and development.