How International Economic Links Affect East Asia

An anatomy of economic links between East Asia and the global economy-- and a description of how those links shape the region's exposure to risks from the global economy.

While, over the last 30 years, the global economy's center of gravity has shifted to East Asia, the region has remained surprisingly free of interstate military conflict. Yet this era of peace and growth has been punctuated by periodic reminders of enduring security problems in the region—from China's military modernization, to unresolved territorial disputes, to persistent tensions on the Korean peninsula. This volume is one of the first to treat these issues of economics and security as interconnected rather than separate. Its authors—leading scholars from the U.S. and China—shed new light on this important nexus by applying insights from a rich variety of approaches to explore and explain the dynamics of a region whose importance for students of both international political economy and international security has grown dramatically. They show that both economic and security 'fundamentals' matter if one is to understand the reasons for, and evaluate the durability of, East Asia's recent peace and prosperity.

The world economy continues to be dominated by the Triad regions: Europe, North America and East Asia. This text analyses the economic relationship that has evolved between two Triadic powers: The EU and East Asia, and its future prospects, especially in the wake of the recent financial crises that have shaken the East Asian region. This text argues that the EU must afford greater priority by promoting its economic relations with East Asia. By this remaining the weakest Triadic link, ths EU risks future geopolitical marginalization as the transpacific axis strengthens into the 21st century.

Economists have long recognized the gains from international trade. The question is, does international trade – or more broadly, globalization – increase growth? Notwithstanding the debates, there are still many questions, old and new, need to be explored in order to improve our understanding on various aspects of globalization, including its consequences. This book addresses some of these questions, utilizing micro datasets of some East Asian countries. The focus on East Asia is particularly interesting for the reason that most of these countries have relatively more opened economy and experienced a rapid de facto integration quite recently. The book puts forward questions which are related to the relationship between globalization on the one hand, and firm performance, activities, or characteristics, on the other. The chapters draw recent theoretical framework from the relevant literatures, and then empirically test – mostly by econometric analysis – the hypotheses on these relationships. The extent or magnitude of the globalization impact is also demonstrated by the means of descriptive analysis. Finally, there are useful insights for policy decision-makers to be drawn from the empirical results. The book presents rigorous empirical analysis based on recent theoretical framework in international economics, focusing on the highest growing region in the world. The use of micro-data analysis – a key feature of this book – gives us much richer information on various issues of globalization. This book, therefore, should be of the interest to scholars and postgraduate students of international economics, development economics, and East Asian economics.

In China, East Asia and the European Union specialist authors from both Europe and Asia reflect on the dynamic relationship between the three actors from an International Relations perspective. The book is a testimony to China s seemingly unstoppable rise, both in the East Asian region and in the relationship with the EU and its member states. The authors investigate why the economic links between the European Union and East Asia have become so firmly established, while in comparison the political bond has remained underdeveloped. They conclude that the crises the EU is currently facing seriously affect its manoeuvring space vis-a-vis China and its neighbours, both economically and politically. Contributors are: Ding Chun, Neil Duggan, Enrico Fardella, Frank Gaenssmantel, Tjalling Halbertsma, Daniel R Hammond, Jan van der Harst, Elisa Horhager, Jing Jing, Werner Pascha, Sanne Kamerling, David Kerr, Silja Keva, Christopher K. Lamont, Li Junyang, Feng Liu, Maaike Okano-Heijmans, Nadya Stoynova, and Herman Voogsgeerd."

An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.