Joseph P. H. Fan and Randall Morck (eds)
- Published in print:
- 2012
- Published Online:
- September 2013
- ISBN:
- 9780226237244
- eISBN:
- 9780226237268
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226237268.001.0001
- Subject:
- Economics and Finance, South and East Asia
China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. China's current growth trajectory suggests that the size of ...
More
China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. China's current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this book examines the distinctive system it has developed: “market socialism with Chinese characteristics.” While China's formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules.Less
China's economic boom over the last two decades has taken many analysts by surprise, given the ongoing role of central government planning. China's current growth trajectory suggests that the size of its economy could soon surpass that of the United States. Some argue that continued growth and the expanding middle class will ultimately exert pressure on the government to bring about greater openness of the financial market. To better understand China's recent economic performance, this book examines the distinctive system it has developed: “market socialism with Chinese characteristics.” While China's formal institutional makeup resembles that of a free-market economy, many of its practices remain socialist, including strategically placed state-owned enterprises that wield influence both directly and through controlled business groups, and Communist Party cells whose purpose is to maintain control of many segments of the economy. China's economic system, the contributors find, also retains many historical characteristics that play a central role in managing the economy. These and other issues are examined in chapters on China's financial regulations, corporate governance codes, bankruptcy laws, taxation, and disclosure rules.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2011
- Published Online:
- February 2013
- ISBN:
- 9780226386898
- eISBN:
- 9780226386904
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226386904.001.0001
- Subject:
- Economics and Finance, South and East Asia
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. This book ...
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Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim. The book addresses three distinct subjects: the difficulties in forecasting commodity prices, the effects of exogenous commodity price shocks on the domestic economy, and the relationship between price shocks and monetary policy. The ability to forecast commodity prices is difficult but of great importance to businesses and governments.Less
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects, such as inflation and low rates of economic growth. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim. The book addresses three distinct subjects: the difficulties in forecasting commodity prices, the effects of exogenous commodity price shocks on the domestic economy, and the relationship between price shocks and monetary policy. The ability to forecast commodity prices is difficult but of great importance to businesses and governments.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2010
- Published Online:
- February 2013
- ISBN:
- 9780226386850
- eISBN:
- 9780226386881
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226386881.001.0001
- Subject:
- Economics and Finance, South and East Asia
Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that ...
More
Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this book offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. Chapters in this book explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The book provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong.Less
Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this book offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region. Chapters in this book explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The book provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2009
- Published Online:
- February 2013
- ISBN:
- 9780226386843
- eISBN:
- 9780226386867
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226386867.001.0001
- Subject:
- Economics and Finance, South and East Asia
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, ...
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The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. This book provides a collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. The book offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.Less
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. This book provides a collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. The book offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2007
- Published Online:
- February 2013
- ISBN:
- 9780226386812
- eISBN:
- 9780226387062
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226387062.001.0001
- Subject:
- Economics and Finance, South and East Asia
Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation ...
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Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. This book examines the problems and challenges facing public finance in the developing countries of East Asia as well as Japan and the United States. It explores the inefficient tax systems of many developing countries, the relationship between public and private sector economic behavior, and the pressing issue of future obligations that governments have undertaken to provide pensions and health care for their citizens. The book features both overviews and analyses of the countries discussed.Less
Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. This book examines the problems and challenges facing public finance in the developing countries of East Asia as well as Japan and the United States. It explores the inefficient tax systems of many developing countries, the relationship between public and private sector economic behavior, and the pressing issue of future obligations that governments have undertaken to provide pensions and health care for their citizens. The book features both overviews and analyses of the countries discussed.
Takatoshi Ito and Anne O. Krueger (eds)
- Published in print:
- 2004
- Published Online:
- February 2013
- ISBN:
- 9780226386799
- eISBN:
- 9780226386966
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226386966.001.0001
- Subject:
- Economics and Finance, South and East Asia
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. This book provides a thoroughgoing account of the relative success of the ...
More
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. This book provides a thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization has sometimes has created a vacuum in corporate governance for some of the region's most important industries and, in some cases, merely reinstated the monopoly-like configurations. The chapters presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering.Less
Over the last twenty-five years, there has been an acceleration in the move from government regulation towards privatization. This book provides a thoroughgoing account of the relative success of the different approaches to privatization as undertaken in Korea, China, Australia, and Japan. In most contexts, privatization is expected to yield greater efficiency and cost effectiveness while avoiding the corruption and bloated budgets of government regulation or monopoly control. But broad-scale privatization, if ill designed, has also yielded its share of difficulties in East Asia. Privatization has sometimes has created a vacuum in corporate governance for some of the region's most important industries and, in some cases, merely reinstated the monopoly-like configurations. The chapters presented in this book discuss the experiences of privatization in several industries, including railroad and telecom, corporate governance problems, accounting issues, and challenges for the future in East Asian countries. The first section is theoretical in nature and proposes boundaries among government protection, market freedom, and shareholder expectations. The second part is constituted by country case studies, beginning with an analysis of both the Korean financial crisis that followed its 1997 law to privatize large, public sector corporations and the new ways Korean corporations finance themselves. Following is an evaluation of China's approach to privatization, with an in-depth look at the financial transitions of companies slated for initial public offering.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2004
- Published Online:
- February 2013
- ISBN:
- 9780226386805
- eISBN:
- 9780226387079
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226387079.001.0001
- Subject:
- Economics and Finance, South and East Asia
Considering the examples of Australia and the Pacific Rim, this book offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also ...
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Considering the examples of Australia and the Pacific Rim, this book offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. The book has organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. The book gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.Less
Considering the examples of Australia and the Pacific Rim, this book offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. The book has organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. The book gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2008
- Published Online:
- February 2013
- ISBN:
- 9780226386829
- eISBN:
- 9780226387086
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226387086.001.0001
- Subject:
- Economics and Finance, South and East Asia
The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance's most perplexing mysteries. Although the United States ...
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The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance's most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. This book explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers' understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. It will have broad implications for global trade and economic policy issues in Asia and beyond.Less
The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance's most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. This book explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers' understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. It will have broad implications for global trade and economic policy issues in Asia and beyond.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2005
- Published Online:
- February 2013
- ISBN:
- 9780226378961
- eISBN:
- 9780226379005
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226379005.001.0001
- Subject:
- Economics and Finance, South and East Asia
The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of ...
More
The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. This book provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan. Comprised of twelve studies, it highlights many of the trading practices between countries within the region as well as outside of it. The chapters bring into focus some of the region's endemic and external barriers to international trade and discuss strategies for improving productivity and fostering trade relationships. Studies on some of the factors that drive exports, the influence of research and development, the effects of foreign investment, and the ramifications of different types of protectionism will resonate with the financial and economic communities who are trying to keep pace with this dramatically altered landscape.Less
The practice of trading across international borders has undergone a series of changes with great consequences for the world trading community, the result of new trade agreements, a number of financial crises, the emergence of the World Trade Organization, and countless other less obvious developments. This book provides a summary of empirical factors of international trade specifically as they pertain to East Asian countries such as China, Japan, Korea, and Taiwan. Comprised of twelve studies, it highlights many of the trading practices between countries within the region as well as outside of it. The chapters bring into focus some of the region's endemic and external barriers to international trade and discuss strategies for improving productivity and fostering trade relationships. Studies on some of the factors that drive exports, the influence of research and development, the effects of foreign investment, and the ramifications of different types of protectionism will resonate with the financial and economic communities who are trying to keep pace with this dramatically altered landscape.
Seiritsu Ogura, Toshiaki Tachibanaki, and David A. Wise (eds)
- Published in print:
- 2003
- Published Online:
- February 2013
- ISBN:
- 9780226620947
- eISBN:
- 9780226620954
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226620954.001.0001
- Subject:
- Economics and Finance, South and East Asia
This volume, the fourth to result from a collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen chapters ...
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This volume, the fourth to result from a collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen chapters addressing issues in the employment practices, labor markets, and health, benefit, and pension policies of the United States and Japan. After an opening chapter assessing the recent ascendance of the U.S. economy, chapters diverge to tackle a range of specific issues. Focusing less on international comparison than on the assembly of high-quality research, contributors hone in on a variety of individual topics. Chapters delve into issues of youth employment, participatory employment, information sharing, fringe benefits, and drug coverage in Japan, as well as the dynamics of medical savings accounts, private insurance coverage, and benefit options in the U.S.Less
This volume, the fourth to result from a collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen chapters addressing issues in the employment practices, labor markets, and health, benefit, and pension policies of the United States and Japan. After an opening chapter assessing the recent ascendance of the U.S. economy, chapters diverge to tackle a range of specific issues. Focusing less on international comparison than on the assembly of high-quality research, contributors hone in on a variety of individual topics. Chapters delve into issues of youth employment, participatory employment, information sharing, fringe benefits, and drug coverage in Japan, as well as the dynamics of medical savings accounts, private insurance coverage, and benefit options in the U.S.
Mary Ann O'Donnell, Winnie Wong, and Jonathan Bach (eds)
- Published in print:
- 2017
- Published Online:
- September 2017
- ISBN:
- 9780226401096
- eISBN:
- 9780226401263
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226401263.001.0001
- Subject:
- Economics and Finance, South and East Asia
Since 1980, the ongoing transformation of rural Bao’an County into Shenzhen Municipality has symbolized and constituted the frontier for China’s post-Mao transition, serving as a model for the ...
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Since 1980, the ongoing transformation of rural Bao’an County into Shenzhen Municipality has symbolized and constituted the frontier for China’s post-Mao transition, serving as a model for the country’s urban future. Yet outside China, many have overlooked or dismissed Shenzhen’s importance to domestic and global transformation, even as the city came to dominate contemporary global manufacturing and now sets its sights on becoming one of the world’s largest startup hubs. This multidisciplinary volume brings together, for the first time, a comprehensive approach to Shenzhen from the perspectives of social history, urban history, and urban anthropology, addressing topics in public health, labor, architecture, planning, infrastructure, creative industry, gender, politics, and education. The authors offer a situated account of China's socialist transition from the ground up, exploring how the post-Mao Chinese appropriation of capitalist logics led to a dramatic remodeling of the Chinese city. In doing so, the authors bring the extensive literature of China studies into dialogue with urban studies and its recent rethinking of the “spatial turn” that has come to define the field. Methodologically, the volume offers the general and expert reader alike a broad and interdisciplinary scope of study supported by up-to-date fieldwork. This collective history of one of the world's most dynamic cities contributes to the multidisciplinary interest in the urban case study as the site of critical problems and possibilities in contemporary China and beyond.Less
Since 1980, the ongoing transformation of rural Bao’an County into Shenzhen Municipality has symbolized and constituted the frontier for China’s post-Mao transition, serving as a model for the country’s urban future. Yet outside China, many have overlooked or dismissed Shenzhen’s importance to domestic and global transformation, even as the city came to dominate contemporary global manufacturing and now sets its sights on becoming one of the world’s largest startup hubs. This multidisciplinary volume brings together, for the first time, a comprehensive approach to Shenzhen from the perspectives of social history, urban history, and urban anthropology, addressing topics in public health, labor, architecture, planning, infrastructure, creative industry, gender, politics, and education. The authors offer a situated account of China's socialist transition from the ground up, exploring how the post-Mao Chinese appropriation of capitalist logics led to a dramatic remodeling of the Chinese city. In doing so, the authors bring the extensive literature of China studies into dialogue with urban studies and its recent rethinking of the “spatial turn” that has come to define the field. Methodologically, the volume offers the general and expert reader alike a broad and interdisciplinary scope of study supported by up-to-date fieldwork. This collective history of one of the world's most dynamic cities contributes to the multidisciplinary interest in the urban case study as the site of critical problems and possibilities in contemporary China and beyond.
Takatoshi Ito and Andrew K. Rose (eds)
- Published in print:
- 2006
- Published Online:
- February 2013
- ISBN:
- 9780226378978
- eISBN:
- 9780226379012
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226379012.001.0001
- Subject:
- Economics and Finance, South and East Asia
Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced ...
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Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced deflation over the last fifteen years. This book explores the factors that have contributed to these circumstances and forecasts some of the potential challenges faced by these nations, as well as some potential solutions. The chapters of this book attribute low inflation and deflation in the region to a number of recent phenomena. Some of these episodes, they argue, may be linked to rapid growth on the supply side of economies. Here, inadequate demand policy can produce what is referred to as a “liquidity trap” in which the expectation of falling prices encourages agents to defer costly purchases, thereby discouraging growth. Low inflation rates can also be traced to the presence of a “zero-lower bound” on interest rates, as well as the inflation-targeting phenomenon. Targets have been set so low, the chapters argue, that in some cases a few bad shocks lead to deflation.Less
Extremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced deflation over the last fifteen years. This book explores the factors that have contributed to these circumstances and forecasts some of the potential challenges faced by these nations, as well as some potential solutions. The chapters of this book attribute low inflation and deflation in the region to a number of recent phenomena. Some of these episodes, they argue, may be linked to rapid growth on the supply side of economies. Here, inadequate demand policy can produce what is referred to as a “liquidity trap” in which the expectation of falling prices encourages agents to defer costly purchases, thereby discouraging growth. Low inflation rates can also be traced to the presence of a “zero-lower bound” on interest rates, as well as the inflation-targeting phenomenon. Targets have been set so low, the chapters argue, that in some cases a few bad shocks lead to deflation.
Margherita Zanasi
- Published in print:
- 2006
- Published Online:
- February 2013
- ISBN:
- 9780226978734
- eISBN:
- 9780226978741
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226978741.001.0001
- Subject:
- Economics and Finance, South and East Asia
Economic modernity is so closely associated with nationhood that it is impossible to imagine a modern state without an equally modern economy. Even so, most people would have difficulty defining a ...
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Economic modernity is so closely associated with nationhood that it is impossible to imagine a modern state without an equally modern economy. Even so, most people would have difficulty defining a modern economy and its connection to nationhood. This book explores this connection by examining the first nation-building attempt in China after the fall of the empire in 1911. Challenging the assumption that nations are products of technological and socioeconomic forces, the book argues that it was notions of what constituted a modern nation that led the Nationalist nation-builders to shape China's institutions and economy. In their reform effort, they confronted several questions: What characterized a modern economy? What role would a modern economy play in the overall nation-building effort? And how could China pursue economic modernization while maintaining its distinctive identity? The book shows how these questions were negotiated and contested within the Nationalist Party. Silenced in the Mao years, these dilemmas are reemerging today as a new leadership once again redefines the economic foundation of the nation.Less
Economic modernity is so closely associated with nationhood that it is impossible to imagine a modern state without an equally modern economy. Even so, most people would have difficulty defining a modern economy and its connection to nationhood. This book explores this connection by examining the first nation-building attempt in China after the fall of the empire in 1911. Challenging the assumption that nations are products of technological and socioeconomic forces, the book argues that it was notions of what constituted a modern nation that led the Nationalist nation-builders to shape China's institutions and economy. In their reform effort, they confronted several questions: What characterized a modern economy? What role would a modern economy play in the overall nation-building effort? And how could China pursue economic modernization while maintaining its distinctive identity? The book shows how these questions were negotiated and contested within the Nationalist Party. Silenced in the Mao years, these dilemmas are reemerging today as a new leadership once again redefines the economic foundation of the nation.
Magnus Blomstrom, Jennifer Corbett, and Fumio Hayashi (eds)
- Published in print:
- 2003
- Published Online:
- February 2013
- ISBN:
- 9780226060217
- eISBN:
- 9780226060231
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226060231.001.0001
- Subject:
- Economics and Finance, South and East Asia
As Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book-length academic treatment of ...
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As Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book-length academic treatment of this issue looks past the short-run challenges to the future of Japan, and highlights the intermediate and longer-term issues that country faces. A team of contributors present nine chapters offering a comprehensive assessment of those economic difficulties and addressing a range of specific issues, from financial restructuring and the impact of the aging Japanese population to corporate behavior, public lending, employment practices, and innovative capacity. In each chapter, contributors identify and outline problems and concerns, carefully pose provocative questions, and in many instances present concrete suggestions for improvement.Less
As Japan's decade-long economic stagnation continues, there has been much analysis of the immediate macroeconomic problems that confront the Japanese economy. This book-length academic treatment of this issue looks past the short-run challenges to the future of Japan, and highlights the intermediate and longer-term issues that country faces. A team of contributors present nine chapters offering a comprehensive assessment of those economic difficulties and addressing a range of specific issues, from financial restructuring and the impact of the aging Japanese population to corporate behavior, public lending, employment practices, and innovative capacity. In each chapter, contributors identify and outline problems and concerns, carefully pose provocative questions, and in many instances present concrete suggestions for improvement.
Takatoshi Ito and Anne O. Krueger (eds)
- Published in print:
- 2003
- Published Online:
- February 2013
- ISBN:
- 9780226386775
- eISBN:
- 9780226386782
- Item type:
- book
- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226386782.001.0001
- Subject:
- Economics and Finance, South and East Asia
In recent years the tremendous growth of the service sector—including international trade in services—has outstripped that of manufacturing in many industrialized nations. As the importance of ...
More
In recent years the tremendous growth of the service sector—including international trade in services—has outstripped that of manufacturing in many industrialized nations. As the importance of services has grown, economists have begun to focus on policy issues raised by them and have tried to understand what, if any, differences there are between production and delivery of goods and services. This volume is a book-length attempt to analyze trade in services in the Asia-Pacific region. Contributors provide overviews of basic issues involved in studying the service sector; investigate the impact of increasing trade in services on the economies of Taiwan, Korea, and Hong Kong; present detailed analyses of specific service sectors (telecommunications, financial services, international tourism, and accounting); and extend our understanding of trade in services beyond the usual concept (measured in balance of payment statistics) to include indirect services and services undertaken abroad by subsidiaries and affiliates.Less
In recent years the tremendous growth of the service sector—including international trade in services—has outstripped that of manufacturing in many industrialized nations. As the importance of services has grown, economists have begun to focus on policy issues raised by them and have tried to understand what, if any, differences there are between production and delivery of goods and services. This volume is a book-length attempt to analyze trade in services in the Asia-Pacific region. Contributors provide overviews of basic issues involved in studying the service sector; investigate the impact of increasing trade in services on the economies of Taiwan, Korea, and Hong Kong; present detailed analyses of specific service sectors (telecommunications, financial services, international tourism, and accounting); and extend our understanding of trade in services beyond the usual concept (measured in balance of payment statistics) to include indirect services and services undertaken abroad by subsidiaries and affiliates.