Political Economy Of Japanese And Asian Development

This book deals with the major problems that Japan and East Asian countries have faced during the turbulent years of their reconstruction and development from 1945 to the present time. The Development Report of the World Bank 1993 on the same subject was given the subtitle East Asian Miracle. I have never thought, however, that the impressive achievement of East Asian development was a miracle in any sense. Indeed, as this book tries to show, Japanese and Asian development has been the fruit of the sweat, tears, and blood of all East Asian nations. The efforts and sacrifices involved in the process of their development after World War II are no less than those during the war itself. One should not overlook the fact that almost all the peoples of East Asia have achieved not just economic development but indeed new nation-building after hundreds of years of coloni al submission. It is my assertion in this book that even economists' analyses of Asian development should pay attention to not only the logos but also the pathos of develop ment in this last half of twentieth century. Ever since I became the director of the Center for Southeast Asian Studies at Kyoto University in 1969, I have written extensively in English as well as in Japanese on the various problems arising in the Japanese and other Asian economies.

Two powers in East Asia today stand to define the region's economic and commercial future: Japan, which rose in a spectacular industrial burst to become at present the world's second largest economy; and China, which is rapidly advancing towards a market economy under the watchful eye of the world. While much has been made of Japan and China’s particular economic institutions and developmental paths, few works analyze them in a comparative framework. Including contributions from leading academics, the text focuses on the period from the 1980s to the onset of the 2000s, reviewing the experiences of Japan and China across the areas of development, trade, investment, finance and technology. Drawing on a combination of official documents, economic statistics, case studies and original fieldwork, this book will give political scientists, political economists, business concerns, and policy analysts a firmer grasp of the role Japan and China stand to play in the world political economy.

Given the impressive growth in East Asia after World War II, initially led by Japan, the region's development models have been scrutinized since the 1980s. The shared Confucian cultural heritage, strong government guidance, and export led economies were often cited as contributors to the impressive growth. However, major changes have taken place in Asia on and around the turn of the century: Japan experienced two decades of economic slow-down, while World Bank figures reveal that China is poised to become the largest economy in the world in 2014, overtaking the United States. Bearing this in mind, is it even possible to formulate an East Asian development model in the context of a shifting twenty-first century? And if so, what is it? This book addresses this issue by looking at the economic, political and cultural perspectives of China, Japan and South Korea, focusing on dynamism and potential consensus regarding an East Asian development model. The chapters offer a historical background to the East Asian development model, as well as in-depth case studies of each of the countries concerned to show that whilst the East Asian development model does have distinct characteristics as compared with other areas, and other countries may draw some insights from the East Asian experience, it is not a panacea that fits all circumstances and fits all times. This book will be welcomed by students and scholars of Asian economics, Asian politics, international political economy and development studies.

In a systematic study of the political economy of East Asia, Cai adopts an historical perspective alongside a contemporary focus, exploring East Asia's development since the late 19th century. Following similar paths to economic development, East Asian states have achieved economic success, integrating themselves into a regional economy.

This book explores how Japan balances her internal political economy with the external process of internationalisation by examining the following aspects of Japanese economic development planning: industrial policies and financial system; political economy in relation to the otherAsian countries; role in the global economy; and structural changes to Japan's post-Cold War economic development. This new edition tackles the problems and issues for Japan in the post-Sep 11 period, the election of Koizumi as prime minister, and the entry of China into the WTO. the author suggests that Japan may need to be more involved in the East Asian political economy at a time when the United States is more and more involved in the war against terrorism.

For students of international political economy, it is hard to ignore the growth, dynamism, and global impact of East Asia. Japan and China are two of the largest economies in the world, in a region now accounting for almost 30 percent more trade than the United States, Canada, and Mexico combined. What explains this increasing wealth and burgeoning power? In his new text, Ming Wan illustrates the diverse ways that the domestic politics and policies of countries within East Asia affect the region’s production, trade, exchange rates, and development, and are in turn affected by global market forces and international institutions. Unlike most other texts on East Asian political economy that are essentially comparisons of major individual countries, Wan effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia’s role in the world economy. The text first takes a comparative look at the region’s economic systems and institutions to explore their evolution—a rich and complex story that looks beyond the response to Western pressures. Later chapters are organized around close examination of production, trade, finance, and monetary relations. While featuring extended discussion of China, Japan, South Korea, and Taiwan, Wan is inclusive in his analysis, with coverage including Myanmar, Thailand, Laos, Vietnam, Cambodia, Malaysia, Singapore, Indonesia, Brunei, and the Philippines. The text is richly illustrated with more than fifty tables, figures, and maps that present the latest economic and political data to help students better visualize trends and demographics. Each chapter ends with extensive lists of suggested readings.

The book is a precious reference book for development economics or the political economy of development in Asia or anywhere else. Unlike other books, first, it deals with all the East Asian countries, including Japan and other Asian countries. Second, it offers some empirical research findings based on surveys conducted by the author's group. Research on developing countries has been limited by individual scholars' observations, particularly about the value-related issues like politics or religions. Thirdly, the book digs into the nation-building problems which are often neglected by economists. It bridges the politics, sociology and economics in East Asian countries and is an important reference book for graduate students. Contents:Introduction: My Research on Asian DevelopmentThe Present and the Future of Japan and Asia:When Can Asia Play a Leading Role in the World?The Lessons of the Lost Two Decades of the Japanese EconomyA Postmortem Diagnosis of Asian Financial CrisisWho are Responsible for the World Financial Crisis in 2008?Policies for Aging Population with Declining Fertility RateThe Stages of Economic Development and Nation Building:Economic Development and Nation Building in StagesRegional Development PolicyDevelopment Policies in StagesDecentralization Policies in Asian DevelopmentEmpirical Survey Studies of Southeast Asia:The Choice of Appropriate Technologies I — The Influence of Socio-Economic Factors and Government PoliciesThe Choice of Appropriate Technologies II — Survey Findings in Indonesia, Thailand, and the PhilippinesThe Socio-Economic Behavior of Peasants in Central Java and Central ThailandJapanese-style Management in Asia — IntroductionJapanese-style Management in SingaporeJapanese-style Management in IndonesiaJapanese-style Management in China — A Summary ReportPolitical and Cultural Problems of Asian Nations:Nationalism and Asian Political LeadersIs the Clash of Civilizations or Nations? Readership: Undergraduates, graduates and researchers who are interested in development economics or political economy of development in Asia. Key Features:It is a comparative study of Japan and all other East Asian nationsIt is based on the author's own empirical survey findings in Southeast Asian countriesIt deals with the nation-building issues along with economic development and offers new viewpoints of the authorKeywords:Japanese;Asian Development

Facing Asia examines the political and economic processes of regionalism and regionalization in Asia with a focus on Japan and Japanese actors. The articles by eminent scholars address the forces that tie the region together. They treat topics ranging from Japanese bilateral and multilateral ODA and the activities of state and non-state actors on the regional level to issues such as Japanese multinational corporations, foreign direct investment in Asia, and regional financial institutions. Methodologically, the authors draw on disciplinary strengths in either the social sciences or economics while organizing their treatment around a shared political-economic perspective. By looking at Asia through an interdisciplinary lens, the volume offers something to anyone interested in Japanese involvement in the politics and economics of the region. In the final chapter, the editors weave together the different approaches to Japan's place in Asian regional cooperation in the 1990s and beyond.