Asia’s rapid economic growth has led to a significant reduction in extreme poverty, but accompanied by rising inequality. This book deals with three questions: What have been the trends of inequality in Asia and the Pacific? What are the key drivers of rising inequality in the region? How should Asian countries respond to the rising inequality? Technological change, globalization, and market-oriented reform have been the key drivers of Asia’s remarkable growth and poverty reduction, but they have also had significant distribution consequences. These three drivers of growth cannot be hindered because they are the sources of productivity improvement and betterment of quality of life. This book will be useful to those interested in policy options that could be deployed by Asian countries in confronting rising inequality.
Causality and exogeneity between exports and economic growth : the case of Asian NICs -- The chaotic attractor of foreign direct investment : why China? : a panel data analysis -- FDI, exports, and GDP in East and Southeast Asia : panel data versus time-series causality analyses -- FDI, exports, economic growth nexus in first and second generation ANIEs / co-authored with Yongkul Won -- The IT revolution and macroeconomic volatility in newly developed countries : on the real and financial linkages -- The impacts of the U.S. economy on the Asia-Pacific region : does it matter? / co-authored with Akio Yamashita -- Gains from policy coordination between Taiwan and the USA : on the games governments play -- International policy coordination with a dominant player : the case of the United States, Japan, Taiwan, and Korea.
Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
This book introduces readers to the deep political tensions in the Asia-Pacific and offers classroom simulations designed to encourage students to delve deeper into the issues and dynamics of the region.
'This book provides a coherent and current account of how India, Indonesia, Malaysia, Thailand, the Philippines and the People's Republic of China coped with the Asian financial crisis of the 1990s and the recent global economic recession, and how they may address future challenges in maintaining growth in difficult times. It features a valuable overview of issues from a regional perspective, five chapters on general elements and obstacles in development, and individual chapters on the experience of each of the six countries. Every chapter is replete with relevant institutional and statistical data. The volume fills a void in the literature and is highly recommended for graduate students and for economists concerned with contemporary Asia.' – Peter Drake, The University of New England and Australian Catholic University, Australia 'To understand what makes Asia tick in the face of continuing global uncertainty and instability one has to go beyond numbers into the region's psyche and idiosyncrasies. This volume provides an interestingly intrusive and refreshingly insightful analysis of a highly complex phenomenon that defies generalizations as shown by the diversity of individual country experiences.' – Mohamed Ariff, International Centre for Education in Islamic Finance (INCEIF), Malaysia The center of global economic activity is shifting rapidly towards Asia, driven by a combination of the economic dynamism of the People's Republic of China, India, and other middle-income Asian countries, and sluggish growth in the OECD economies. The rapid growth and rising global prominence have raised a range of major challenges for Asia and for the rest of the world. This comprehensive, forward-looking book examines these issues through in-depth studies of major Asian economies and an analysis of the key development policy options. The contributors, leading international authorities in their field, explore cross-cutting thematic issues with special reference to developing Asia. They address a broad range of subjects including: investment and productivity, savings and the savings–investment relationship, financial development, the provision of infrastructure, and governance and institutions. Detailed country studies focusing on the People's Republic of China, India, Indonesia, Malaysia, the Philippines, and Thailand not only provide an analytical narrative for each case study, but also draw attention to the similarities and diversity within the region. This challenging and thought-provoking book will prove an important point of reference for scholars, researchers, and students in the fields of economics, development economics, and Asian studies.
A thoroughly revised and updated edition of the highly regarded 1993 book "Driven by Growth", this work presents the political-economic evolution of the Asia-Pacific countries, with overviews of the impact of economic development on political change. This new edition now includes chapters on Burma and Vietnam. New authors have been added and all the original chapters have been revised.
Throughout Asia and the Pacific, gross domestic product growth in 2010 has recovered significantly after the economic downturn of 2008-2009. Employment grew and poverty was reduced but the quality of jobs in Asia remains inadequate. This issue of the Key Indicators highlights the crucial role of higher quality employment in economic growth and poverty reduction in Part I--- Toward Higher Quality Employment in Asia---followed by statistical tables in Parts II and III with short, nontechnical commentaries on economic, financial, social, and environmental developments. Part II comprises the first set of statistical tables and commentaries, which look at the Millennium Development Goals and progress in the region toward achieving key targets. The second set of tables, which are in Part III, is grouped into seven themes providing a broader picture of economic, financial, social, and environmental developments. The aim of the publication is to provide the latest key statistics on development issues concerning Asian and Pacific economies to a wide audience including policy makers, development practitioners, government officials, researchers, students, and the general public. This year, the Asian Development Bank presents a special supplement to the Key Indicators--- theFramework of Inclusive Growth Indicators, which defines inclusive growth and measures countries' progress in ensuring that economic growth benefits all.
Focusing on the Asia-Pacific region, which in recent years has been the engine of global economic growth , this volume surveys trends and prospects in technical and vocational education and training (TVET) with particular reference to achieving inclusive growth and the greening of economies. Underlying the increasing pressure for new models of TVET provision is the rapid pace of technological change, demand for a work force which is highly responsive to evolving needs and a transforming market place that calls for higher order skills and lifelong learning. The book proposes a re-engineered, modernized TVET system that fosters an innovative approach which enhances the employability of workers as well as the sustainability of their livelihoods. The book includes contributions from leading policy makers, researchers, and practitioners, including those in the private sector in analyzing and forecasting the most urgent priorities in skills development. The book argues for creative approaches to TVET design and delivery particularly with a view to improve job prospects , and meeting the goals of inclusion, sustainable development and social cohesion. Addressing issues such as the chronic mismatches between skills acquired and actual skills required in the work place, the volume proposes diversified approaches towards workforce development and partnerships with the private sector to improve the quality and relevance of skills development . The new imperatives created by ‘greening’ economies and responses required in skills development and training are addressed. Developing TVET is a high priority for governments in the Asia Pacific region as they seek to achieve long-term sustainable growth since the .continued success of their economic destinies depend on it. The volume also includes an emerging framework for skills development for inclusive and sustainable growth in the Asia and Pacific region.
"This collection of papers by leading scholars, business leaders, and government officials discusses recent developments in the global movements of people, goods, services, and information in the Asia-Pacific region. Such movements are both the cause and consequence of the latest round of globalization, a process of special significance to the Asia-Pacific region. The lead paper by Professor Yuan-Tseh Lee, Nobel Prize Winner in Chemistry and former President of Academia Sinica, offers a personal reflection on international education and the global flow of knowledge and talent. Another lead paper by Ambassador Alfonso Yuchengco, one of the region's most respected business leaders and diplomats, provides insights on transnational businesses and diplomacy, especially in the ASEAN Plus-Three context and China's re-emergence as a world power.Other papers present new theoretical, policy and empirical understanding of international migration, trade and investment movements, global logistics, and transnational flows of information technology and architectural influences. The papers were made possible by the International Scientific Meetings Grant of the Japan Society for the Promotion of Science (JSPS), Ministry of Education, which encourages the involvement of young scholars in the wider dissemination of knowledge on issues of major scientific and practical importance to the international community." -- BOOK PUBLISHER WEBSITE.
