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This paper considers the impact that the Vietnam War had on the economic growth of East Asia. Somewhat inexplicably, most of the existing research on the economic growth of East Asia fails to address the influence of the Vietnam War. However, the war demonstrably had a major impact on the economic growth of the region. In this paper, in addition to presenting data elucidating the extent of this impact, we will also discuss Japanese and South Korean policies of involvement in the Vietnam War (whether active or passive), in the belief that this provides evidence showing the influence of foreign policy on economic growth.
State Capacity in East Asia examines states and state capacity in four countries - China, Japan, Taiwan, and Vietnam - that have experienced rapid economic growth over several decades. The book is informed by the view that even though modern market forces and transnational corporations exert new pressures which erode some powers formerly held by the nation-state, it is much too early to declare the state dead. The modern state is constantly being shaped by social interaction in a process of mutual empowerment at both the central and local level. States also have a history which is built into their structures and ideology and will influence the way they change and adapt to outside pressures. The book argues that the capability to adapt and to develop new capacities and institutions is at the heart of the Asian states' recovery from the deep economic and social crisis of the late 1990s.
East Asia is regarded as growth center in the world today, even as political tension in that region remains high. Economic growth has spilled over from Japan to the Asian newly industrialized economies, as well as to the middle-income countries of the Association of Southeast Asian Nation (ASEAN) through foreign trade and investment. Despite economic growth, an East Asian multilateral security scheme was never created. Will this situation change in the new international environment? With these trends in mind, the collection of articles in this volume sheds light on economic and political issues of natural in East Asia. The articles discuss a comprehensive range of topics:Macroeconomic performance,foreign direct investment, trade policies, financial markets, security arrangements, surveys of recent developments in South Korea, People's Republic of China, and Taiwan.Integration within ASEAN focusing on AFTA and sub-regional co-operation. Integration of Indochinese economies in to greater Southeast Asian markets.
East Asian Dynamism continues to offer a succinct account of Pacific regional political economy from the dawn of the modern world system to projections of alternative futures. Steve Chan is a master at demystifying the geography, history, and culture of the region while bringing to life the current policy choices and dilemmas facing its people
Vietnam's bold economic reforms initiated under the title of Doi Moi in 1986 have produced spectacular economic outcomes which have fascinated economists, business people, commerce students, political scientists and government advisors alike worldwide. This book surveys important aspects of these developments, analyses the main contributing factors, provides useful references on developing and transitional economies, and details soundly researched prospects in trade, investment and business in this new rapidly developing market economy in East Asia.
There is great interest in the Pacific Century and what its implications for the future will be. The rapid economic growth of East Asia was already setting the region apart from the rest of the world by the 1970s. By the 1980s the trend was seen to have spread southward to Thailand, Malaysia and Indonesia, while China's provinces had also become integral to the regional economic boom. In this exciting new study many of the ideas and expectations associated with the Pacific Century are placed under critical scrutiny. The book includes studies of particular countries such as China, Japan, South Korea, Vietnam, Indonesia and Malaysia. There is analysis of economic and political trends in the region, the reasons behind its rise and its importance on a global scale. The rise of East Asia represents an historic turning point with immense significance world-wide. This book will be of interest to anyone concerned about the new approaches to and the debate about the rise of east Asia and the coming of the Pacific Century.
In the early 1960s, fewer than five percent of Japanese owned automobiles, China’s per capita income was among the lowest in Asia, and living standards in South Korea’s rural areas were on par with some of the world’s poorest countries. Today, these are three of the most powerful economies on earth. Dwight Perkins grapples with both the contemporary and historical causes and consequences of the turnaround, drawing on firsthand experience in the region to explain how Asian countries sustained such rapid economic growth in the second half of the twentieth century. East Asian Development offers a comprehensive view of the region, from Japan and the “Asian Tigers” (Hong Kong, Singapore, Taiwan, South Korea) to Indonesia, Vietnam, Thailand, Malaysia, and China—a behemoth larger than all the other economies combined. While the overall picture of Asian growth is positive, no single economic policy has been effective regionwide. Interventionist policies that worked well in some countries failed elsewhere. Perkins analyzes income distribution, to uncover why initially egalitarian societies have ended up in very different places, with Japan, for example, maintaining a modest gap between rich and poor while China has become one of Asia’s most unequal economies. Today, the once-dynamic Japanese and Korean economies are sluggish, and even China shows signs of losing steam. Perkins investigates whether this is a regional phenomenon or typical of all economies at this stage of development. His inquiry reminds us that the uncharted waters of China’s vast economy make predictions of its future performance speculative at best.
East Asia has re-emerged after a long eclipse as a centre of world wealth creation and growth. Over the past four decades the region’s share of world GDP has risen from less than 10 to 30 percent, a ratio that is set to rise to 40 percent by 2030. What has made East Asia’s remarkable ascent possible, and what does this economic rebalancing between East and West mean for world politics? In this insightful and provocative book, Philip Golub addresses these questions, tracing the region’s rise from the early modern European-Asian encounter to the imperial confrontations of the nineteenth century, and China’s state capitalist turn in the latter half of the twentieth century. Together, he argues, the dynamics of imperialism, war and revolution led to the constitution of developmental states that made possible East Asia’s return to a central position in the global economy. Combining rich historical narrative and social theory, this book is an invaluable guide to one of the core issues in world politics today.
This collection of articles from a variety of scholars and economic specialists is particularly timely because Vietnam was such a late bloomer in the East Asian financial miracle of the early 1990s and thus did not suffer the same crisis as the rest of the region in 1997. Twelve contributions address the question of how Vietnam should pursue development of its own financial system, and through examinations of both the Asian economic crisis and the Vietnamese economy concludes that Vietnam may escape collapse in the short term, but should implement significant reforms if it wants to avoid difficulties in the future. Annotation copyrighted by Book News, Inc., Portland, OR