The Rise of Asia examines emerging trends and patterns of foreign trade and investment in Asia with a view to contributing to the policy debate on how development strategies should be adopted in response to challenges to economic globalization.
The existing body of knowledge in this subject area has predominantly been shaped by the experiences of the newly industrialized countries (NICs) in East Asia. This volume is inspired by the conviction that generalization from the NIC experience is hazardous because the on-going process of economic globalization over the past two decades has dramatically transformed the international context of national development policy making. Moreover, as ‘embracing market’, albeit at varying degree and rapidly, has now become an Asia-wide phenomenon, it is vital to look at the issues from a broader relational perspective, paying attention to opportunities for intra-regional division of labour within the wider context of global economic integration.
This book will be of interest to students and scholars with an interest in Asian studies, economics, political economy and globalization.
Table of Contents
1. Introduction and Overview Prema-chandra Athukorala Part I: Broad Picture 2. Asian Trade and Investment: Trends and Patterns Prema-chandra Athukorala and Hal Hill Part II: Production Networks 3. The spatial patterns of production and distribution networks in East Asia Mitsuyo Ando and Fukunari Kimura 4. Production Fragmentation and Outsourcing: The Impact of Trade and Investment Liberalisation Witada Anukoonwattaka and Sisira Jayasuriya 5. Competitive Strategies of Japanese/U.S. Multinationals in Global Production Networks and Clusters: The Case of the HDD Industry Tomofumi Amano 6. Patterns of Trade and Outsourcing in an Era of Catching-Up: An Asia-Europe Comparison Michael Landesmann Part III: Foreign Direct Investment 7. Ownership Biases and FDI in China Yanheng Huang 8. Trade, FDI and Industrial Transformation in India Kunal Sen 9. Foreign Direct Investment and Industrial Transition in Vietnam Prema-chandra Athukorala and Tran Quang Tien 10. US and Japanese FDI and Trade Patterns in Asia Nobuaki Yamashita Part IV: Structural Changes and Policy Issues 11. The Rise of China And India: Adjustment Pressures and Challenges for Resource-Rich Asian Developing Countries Ian Coxhead and Sisira Jayasuriya 12. The Rise of China and East Asian Export Performance Prema-chandra Athukorala 13. Trade and Labour Market Outcomes: Why have the East Asian Cubs Lagged behind the Tigers? Chris Manning and Alberto Posso 14. The Ending of the Trade Policy Bias Against Agriculture Peter Warr
Prema-Chandra Athukorala is Professor of Economics at the Research School of Pacific and Asian Studies, Australian National University, Australia.