Asia S Turning Point

Asia was probably the biggest economic sensation of the post-war decades. The breathtaking success of Japan was followed by a remarkable rise of "four tigers", then ASEAN founder states and then China. The Asian miracle became a commonly accepted definition of this success. In the late 1970s and especially 80s it became clear that the balance of power in the world had changed. Politicians, businessmen, scholars began to talk about "the new Asia Pacific age" and Asian economic model, different from and, maybe, even superior to Western capitalism. However, in 1997-98 the Asian economic crisis came and made the region a sick man. Six years before that Japan, the regional powerhouse entered more than a decade-long period of stagnation. The miracle was over. However, the crisis was overcome within a surprisingly short period of time. Naturally, the question arises: What now? What is going on in the region after the miracle and after the crisis? What is today's face of Asian capitalism and how should we view its performance? Readers interested in regional developments will find a lot of literature about miracle decades and crisis years. However, few analysts have addressed the challenging questions addressed in this book. The authors vividly show that Asian capitalism is undergoing a radical structural transformation. These changes are directly affecting its key institutions: governments, companies, labor relations, etc. As a result Asian economic systems are becoming much closer to the Western-style, especially Anglo-Saxon capitalism, though the region retains some important specific features, especially regarding business culture. This book is a must for business people worldwide, for all those who study the region in colleges and business schools, for people engaged in various international activities and, finally, for all those who want learn more about our world at the dawn of the new century.

This volume is concerned with labor market developments in China from a comparative perspective on selected East and South Asian countries. It closely examines the changing structure of China's labor market in the context of the Lewisisan turning point in ecomomic development.

More than any other region in the world, Asia has witnessed tremendous change in the post-war era. A continent once engulfed by independence and revolution, and later by the Cold War and civil war, has now been transformed into the world’s most economically dynamic region. What caused this change in Asia? The key to answering this question lies in the post-war history of maritime Asia and, in particular, the path taken by the maritime nation of Japan. Analysing the importance of Japan’s relationship with Southeast Asia, this book therefore aims to illustrate the hidden trail left by Japan during the period of upheaval that has shaped Asia today—an era marked by the American Cold War strategy, the dissolution of the British Empire in Asia, and the rise of China. It provides a comprehensive account of post-war maritime Asia, making use of internationally sourced primary materials, as well as declassified Japanese government papers. As such, Japan's Quest for Stability in Southeast Asia will be useful to students and scholars of Japanese Politics, Asian Politics and Asian History.

Embedded in the evolving comparative regionalism literature, this book offers a systematic analysis of the factors positively and negatively influencing regional institution-building. The ruptures caused by the Eurozone crises, the coronavirus pandemic and by Brexit have renewed the interest in the impact of crises and critical junctures on regionalism here defined as regional institution-building. Drawing from critical juncture research and historical comparative analysis, this volume uses the cases of European and East Asian regional institution-building to systematically analyse institutional transformations during specific historical turning points and critical juncture moments. Wunderlich's research offers an in-depth analysis of the interrelated drivers, spoilers and dissolvers of regional institution-building processes in Europe and East Asia, and addresses key questions including: Under what conditions does regionalism take hold? What is influencing the initial institutional design choices? What is the impact of historical experiences and well-entrenched norms and ideas? What are the roles of regional leaders? How do external factors influence regional institution-building? What turns a crisis into a critical juncture and are such junctures threats or opportunities? What accounts for variations in institutional responses to crisis events across different regional settings? This book will be a valuable resource for scholars of regionalism, region-building, regional governance and international relations of Europe and East Asia.

Britain is facing big security challenges in the 2020s. The decade to come will not be as favourable as the two past decades. For a country as 'globalised' as Britain, security challenges cover a wide spectrum - from terrorism, international crime and cyber attack through to the prospects of war in its own continent or even, again, for its own survival. Brexit has entered these equations and turned them into a political tipping point, from which there is no hiding and no turning back. Tipping Point looks at the immediate and long-term security challenges Britain faces - from security and foreign policy to the crisis of liberal democracy - as well as Britain's security capabilities.

South Asia has a huge need to create more and better jobs for a growing population †“ especially in the manufacturing industries where it is underperforming as compared to East Asia. The report examines three critical and relatively understudied drivers of competitiveness: -Economies of agglomeration: firms and workers accrue benefits from locating close together in cities or clusters through urbanization and localization. -Participation in global value chains: stronger competitive pressures weed out least productive firms while others improve by gaining access to new knowledge and better inputs. -Firm capabilities: in order to operate close to what would be considered optimum efficiency levels given the prevailing factor prices and thus employ South Asia’s abundant labor. The report shows that South Asia has great untapped competitiveness potential. Realizing this potential would require the governments in the region to pursue second generation trade policy reforms for firms to better contribute to and benefit from global value chains (e.g. facilitating imports for exporters), to facilitate the development of industrial clusters in secondary cities (cheaper and less congested than the metros) as well as to deploy policies to improve the capabilities of firms.

This volume re-examines the notion of the East Asian peace, arguing that it requires updating for the current and near-future context of US-Chinese rivalry. The “East Asian peace” refers to the remarkable change in conflict levels in eastern Eurasia over the past 80 years or even the past 130 years or so. Prior to the late 1970s, East Asia was regarded as the most conflictual region on the planet. Although insurgencies have continued in places such as Myanmar, Thailand, and the Philippines, after the 1980s East and Southeast Asia became one of the world’s least conflictual regions. Geopolitics and economic development worked hand in hand to reduce conflict in the region and, in this respect, the East Asian peace has been a confluential peace. The general problem with a confluential peace is that the factors that shape it evolve over time, and the specific circumstances in question seem to be evolving in a different direction, with East Asia shaping up to be the most central locale of the contest between US and Chinese hegemony, both regionally and perhaps globally. This book argues that the idea of the East Asian peace now requires adjustment to the current and near-future context. The more general arguments presented here focus on alternative interpretations of how regional peace and order should be interpreted, while the more specific arguments involve interpretations of Chinese and other countries’ behavior in the context of the heightened rivalry between China and the United States. This book will be of much interest to students of East Asian politics, peace studies, foreign policy, and international relations.

This book provides a unique comparative view of the extremely low fertility and drastic population aging in Eastern Asian countries. After discussing demographic and political developments of Japan in detail as a reference case, accelerated changes in Korea, Taiwan and China are interpreted with a comparative cultural view. In addition to the well-known cultural divide between countries with strong and weak family ties, this book proposes another divide between offspring of the feudal family and that of the Confucian family. Included is a discussion of how the discrepancy between the compressed change in the socioeconomic system and the slow change in the family system has resulted in extremely low fertility in Eastern Asia. A comparison of policy development reveals that the sense of overpopulation has caused difficulty in launching pro-natal policy interventions in Eastern Asia, especially in China. Impacts of fertility decline on population aging, total dependency ratio and the timing of population decline in Eastern Asia are analyzed with a stylized model. The remaining Confucian family pattern is especially important in understanding and predicting political development to cope with accelerated population aging. This book is a valuable resource for researchers who are interested in the latest and most surprising demographic phenomena in the region.