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In 40 years Japan has developed from a war-devastated and poverty stricken country into the second largest economy in the world. This book analyzes how Japan attained its current financial and technological status and argues that Japan's supremacy over world economies will expand further.
In 40 years Japan has developed from a war-devastated and poverty stricken country into the second largest economy in the world. This book analyzes how Japan attained its current financial and technological status and argues that Japan's supremacy over world economies will expand further.
This balanced and deeply informed book provides a comprehensive account of China’s Asia policy since the Cold War. Lowell Dittmer traces the PRC’s policy toward its Asian neighbors in the context of the country’s move from a developing nation to a great power, capable of playing a role in world politics commensurate with its remarkable economic rise. The author considers China’s bilateral relations with Russia, Central Asia, South and Southeast Asia, and Australia. Each of these relationships is also viewed in terms of China’s rivalry with the United States, which has viewed China’s rise with admiration tinged with a certain foreboding. Thus, Dittmer employs a triangular analysis to understand Beijing’s attempt to expand in Asia while at the same time deterring Washington’s interference. Reframing the international relations of Asia in a thought-provoking and informed manner, this important book presents a panoramic view of the dynamics at work on all sides of China.
The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.
The focus of this book is on the Japanese economic bureaucracy, particularly on the famous Ministry of International Trade and Industry (MITI), as the leading state actor in the economy. Although MITI was not the only important agent affecting the economy, nor was the state as a whole always predominant, I do not want to be overly modest about the importance of this subject. The particular speed, form, and consequences of Japanese economic growth are not intelligible without reference to the contributions of MITI. Collaboration between the state and big business has long been acknowledged as the defining characteristic of the Japanese economic system, but for too long the state's role in this collaboration has been either condemned as overweening or dismissed as merely supportive, without anyone's ever analyzing the matter. The history of MITI is central to the economic and political history of modern Japan. Equally important, however, the methods and achievements of the Japanese economic bureaucracy are central to the continuing debate between advocates of the communist-type command economies and advocates of the Western-type mixed market economies. The fully bureaucratized command economies misallocate resources and stifle initiative; in order to function at all, they must lock up their populations behind iron curtains or other more or less impermeable barriers. The mixed market economies struggle to find ways to intrude politically determined priorities into their market systems without catching a bad case of the "English disease" or being frustrated by the American-type legal sprawl. The Japanese, of course, do not have all the answers. But given the fact that virtually all solutions to any of the critical problems of the late twentieth century--energy supply, environmental protection, technological innovation, and so forth--involve an expansion of official bureaucracy, the particular Japanese priorities and procedures are instructive. At the very least they should forewarn a foreign observer that the Japanese achievements were not won without a price being paid.
The emerging conflict between the US and China has an inherent tendency towards a development of deglobalization. It is the historical prerequisites for this deglobalization that are examined in this book. These assumptions are largely based on what is termed the second wave of globalization, based on increasing technological competition between the US and China, as well as China's expansion along the New Silk Road. In this book, the author makes a distinction between the Old Globalization and the New Globalization. The Old Globalization was characterized by competition over costs in general and wage costs in particular, while the New Globalization is categorized by new competencies and skills, especially technological capabilities and technological innovations. The second wave, which is driven by technological innovations, lays the foundation for a counter-strategy on the part of the US to stem the Chinese technological expansion. It is this new strategy that confines the second wave of globalization from China and lays the foundation for deglobalization. The book analyses US-China relations from a fresh perspective, namely a systemic thinking approach. The focus is the emerging innovation economy, which leads to tension and deglobalization. The book is grounded in evolutionary economics and uses conceptual generalization in its descriptions, analysis, theoretical reflections, and real-world cases. The key message is that the economy of the future will be characterized by coordinated wave movements: economic growth mainly controlled by private capital alternating with economic downturns that necessitate collective solutions and government interventions.The book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy.
What's the secret? Can policies "grow" the economy? How do leaders make their countries prosper? Since the earliest of times, humans have endeavored to uncover the causes of prosperity. Step by step, Sabillon tests the principal theories on the causes of economic growth against the facts of history. Here, for the first time, the economic statistics of the world are presented in a rationalized format that allows for an easy comparison across countries and through time, with a challenge to those who study them. What do the statistics show, and what are the trends beyond cherished theories that suit various political purposes? Tested against the historical data, textbook ideas and theories consistently come up short. Such analyses are highly troubling, because they reveal an absence of correlation between theory and reality. The data -- statistics illustrating the development of the world economy during the last several centuries -- was extracted from economic, history and economic history books, from publications of the World Bank, the Organization for Economic Cooperation and Development, the International Monetary Fund, the World Trade Organization, the United Nations' specialized agencies, research institutes and country statistical publications and other books and journals. Analyzing the data over geography and time, Sabillon concludes that contrary to contemporary wisdom, left to market forces alone, the economy will not and does not flourish. Only decisive intervention in support of manufacturing and technological advancement can provide growth. This systematic review of history and test of accepted dogma challenges economic theorists to consider one part of the equation of economic policy that has been wiped off the blackboard in today's politically-correct debates
This collection of scholarly papers examines the influence of Japanese dominance on the politics, economies, and cultures of Southeast Asia. A major question probed is whether Japan has now attained, through economic power, the predominance it once sought through military means. Japan's hegemonic system is not the first to work over the area--before it were those from China, from Britain, from the United States. This collection's comparative perspective acknowledges the distinctiveness of Asian regionalism and Japan's changing role with it. As the subtitle of this book indicates, it is concerned with Japan and Asia and not with Japan in Asia, thus suggesting a complex and at the same time problematical regional identity for Japan.
This comprehensive volume fills a gap in the existing literature by focusing on the responses of other East Asian states to China‘s rise, exploring its implications for the region and beyond.