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Updated annually, East & Southeast Asia provides just enough historical background on the evolution of Modern East & Southeast Asia to help students gain a thorough understanding—in one semester—of contemporary developments in this vital region. Broad introductory regional and comparative chapters are followed by distinct sections on each country in the region. The combination of factual accuracy and up-to-date detail along with its informed projections make this an outstanding resource for researchers, practitioners in international development, media professionals, government officials, potential investors, and students. Now in its 51st edition, the content is thorough yet perfect for a one-semester introductory course or general library reference. Available in both print and e-book formats and priced low to fit student and library budgets.
Updated annually, East & Southeast Asia provides just enough historical background on the evolution of Modern East & Southeast Asia to help readers gain a thorough understanding of contemporary developments in this vital region. Broad introductory regional chapters are followed by sections on each country in the region. The combination of factual accuracy and up-to-date detail make this an outstanding resource for researchers, practitioners in international development, media professionals, government officials, potential investors, and students to understand the immediate background of contemporary developments.
The annual Asian Development Outlook analyzes economic performance in the past year and offers forecasts for the next 2 years for the 45 economies in Asia and the Pacific that make up developing Asia. Growth prospects in the region are upbeat, buoyed by favorable demand at home and abroad. A strong performance in 2017 reflected a surge in exports, which will likely abate this year and next, and rapidly expanding domestic demand. While the outlook is for steady growth, risks to it are decidedly on the downside: Trade friction could weaken recently deepened trade links, tightening US monetary policy could diminish investment in developing Asia, and rising domestic private debt may hamper growth. New technologies drive higher productivity, the foundation for economic growth, better-paid jobs, and poverty reduction. The latest technologies in robotics and artificial intelligence may threaten some jobs, however, and leave less-skilled workers behind. To maximize gains in productivity while safeguarding social welfare, governments in developing Asia should protect workers but not preserve particular jobs. Meanwhile, they should facilitate the countervailing forces in new technologies that generate new jobs. Dealing with the downsides of new technology requires synchronized effort on skills development, labor regulation, social protection, and income redistribution.
Growth in developing Asia is holding up against external headwinds. Robust domestic demand supported the region's large economies, and oil prices above expectations boosted prospects for many oil and gas exporters. Consumer prices are picking up with rising global fuel and food prices, but moderate inflation in several Asian economies has kept the regional average in check. Downside risks to the outlook are intensifying. If tightened more than investors expect, US monetary policy could accelerate capital outflow from Asian economies and put further depreciation pressure on regional currencies. Any escalation of the trade conflict could disrupt cross-border production links. Most economies remain robust, but policy makers must be ready to respond. In the years since the Asian financial crisis of 1997–1998, sound domestic macroeconomic fundamentals and buoyant external conditions have supported developing Asia's rise to become an engine of the global economy. However, the changing global landscape poses new challenges to the maintenance of macroeconomic stability. This Update explores the key pockets of vulnerability and the policy options available to manage them. To fortify the region against heightened uncertainty, policy makers may need to deploy the full range of policy tools, while forging and safeguarding the sound fundamentals that support economic, social, and political stability.
Updated annually, East & Southeast Asia provides just enough historical background on the evolution of Modern East & Southeast Asia to help students gain a thorough understanding—in one semester—of contemporary developments in this vital region. Broad introductory regional and comparative chapters are followed by distinct sections on each country in the region. The combination of factual accuracy and up-to-date detail along with its informed projections make this an outstanding resource for researchers, practitioners in international development, media professionals, government officials, potential investors, and students. Now in its 50th edition, the content is thorough yet perfect for a one-semester introductory course or general library reference. Available in both print and e-book formats and priced low to fit student and library budgets.
This book is a comprehensive study of Southeast Asian views of their respective countries’ foreign policies towards the United States. The Southeast Asian contributors are all individuals who bridge both academia and foreign policy circles in their countries, in Southeast Asia, the Indo-Pacific, more broadly, and globally. There is a dearth of theoretically informed, empirically rich literature on the foreign policies of Southeast Asian states. This volume, with eight chapters written by some of Southeast Asia’s leading analysts, is therefore important, timely, and fills a large gap in the literature.
Growth in the developing East Asia and Pacific region slowed in the first half of 2019 given weakening global demand and heightened policy uncertainty amid ongoing trade tensions. Steady consumption growth helped to partly offset the effects of weakening exports and investment on growth. The region’s growth prospects face intensified downside risks, including further escalation of trade disputes, a sharper-than-expected slowdown in China, the United States and the Euro Area, along with a disorderly Brexit, and an abrupt change in global financing conditions. In some countries, rising indebtedness and other vulnerabilities, such as the constrained capacity for foreign debt rollover, could amplify the negative effects of external shocks. The regional growth moderation underscores the need to address key vulnerabilities and preserve economic dynamism among developing East Asia and Pacific economies. In the short run, countries with sufficient policy space should use available policy tools to stimulate domestic activities. Better quality spending, together with prudent debt management, is needed to safeguard fiscal sustainability. Deepening regional integration would help offset the negative impact of global protectionism. In the medium to long term, pursuing structural reforms that raise competitiveness, support trade and investment, and encourage innovation is critical to boosting productivity and growth.
Long before the arrival of Western emissaries and powers, East Asian peoples and states were deeply involved in world affairs. In this sweeping account, Warren I. Cohen explores four millennia of international relations from the vantage points of China, Japan, Korea, and Southeast Asia. Writing incisively and authoritatively for readers at all levels, Cohen paints a broad but revealing portrait of East Asia’s place in the world. He defines the region’s boundaries widely, looking beyond China, Japan, and Korea to include Southeast Asia, and extends the scope of international relations to consider the vital role of cultural and economic exchanges. Cohen examines the system of Chinese domination in the ancient world, the exchanges between East Asia and the Islamic world, Chinese sea voyages to Arabia and East Africa, and the emergence of a European-defined international system. He chronicles the new imperialism of the 1890s, the ascendancy of Japan, the trials of World War II, the drama of the Cold War, and the transformations of East Asian states toward the close of the twentieth century. By showing that East Asia has often been preeminent on the world stage, this book not only recasts the past but also adds crucial historical perspective on international politics today. This second edition of East Asia at the Center features new material on the first decades of the twenty-first century.
Now in a fully revised and updated edition, this cogent book provides an overview of the historical context and enduring patterns of U.S. relations with Asia. Noted scholar Robert G. Sutter offers a balanced analysis of post–Cold War dynamics in Asia, which involve interrelated questions of security, economics, national identity, and regional institution building. He demonstrates how these critical concerns manifest a complex mix of realist, liberal, and constructivist tendencies that define the regional order. He describes how the United States has responded to Asia’s growing strength and importance while at the same time trying to maintain its leading position as an Asian power despite China’s rising influence. Considering the most important transition in American policy toward Asia since the end of the Cold War, Sutter assesses the growing U.S.-China rivalry that now dominates both regional dynamics in the Asia-Pacific and U.S. policy in the region.