This book traces the impact of the global financial crisis on East Asia, and the way that key regional states responded to the crisis. It considers the extent to which the region is decoupling from the global economy (or the West), the impact of crises on the definition of "region", and the effectiveness and functioning of regional institutions and governance mechanisms (including environmental governance). A key focus of the book is the increasing legitimacy of statist alternatives to (neo)liberal development strategies and modes of governance – or perhaps more correctly, the extent to which the legitimacy of "western" norms and practices have been delegitimized by the crisis.
This book was originally published as a special issue of Contemporary Politics
Chapter 1. East Asia and the global/transatlantic/Western crisis Shaun Breslin Chapter 2. Stay on target! Implications of the global financial crisis for Asian capital markets Timothy SinclairChapter 3. The Asian and global financial crises: consequences for East Asian regionalism Ralf Emmers, Nanyang Technological University, Singapore & John Ravenhill Chapter 4. The East Asian developmental state and the Great Recession: evolving contesting coalitions Richard StubbsChapter 5. Shades of green in East Asia: the impact of financial crises on the environment Lorraine Elliott Chapter 6. China and the crisis: global power, domestic caution and local initiative Shaun BreslinChapter 7. Japan and management of the transatlantic crisis: international responses and domestic struggles Takashi Terada & Bernard Ong