Global linkages and economic rebalancing in East Asia / by Takuji Kinkyo, Yoichi Matsubayashi, Shigeyuki Hamori (Kobe University, Japan).

Format:

Book

Author/Creator:

Kinkyo, Takuji, author.

Matsubayashi, Yoichi, author.

Hamori, Shigeyuki, 1959- author.

Language:

English

Subjects (All):

Economic conditions.

East Asia--Economic conditions--21st century.

East Asia.

East Asia--Foreign economic relations.

International economic relations.

East Asia--Economic policy.

Economic policy.

Physical Description:

xx, 213 pages : illustrations ; 24 cm

Place of Publication:

Singapore : World Scientific Pub. Co. Pte. Ltd., [2013]

Summary:

In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997-98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia's reliance on export-led growth has been called into question. The region's transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances - the disadvantage of uneven International capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia. Book jacket.

Contents:

Introduction

Decoupling : a re-examination

Business cycle synchronization and production fragmentation in East Asia

Financial market linkage in East Asian countries

The impact of East Asian FTAS on the structure of demand

Inflation targeting in South Korea, Indonesia, the Philippines and Thailand : the impact on business cycle synchronization between each country and the world

Globalization and economic growth in East Asia

Can South-South trade be a driving force for future economic growth?

An empirical analysis of the determinants of household saving (consumption) in China : a panel analysis of provincial data, 1995-2010

Financing infrastructure construction in China

Is the renminbi appreciating fast enough?.

Notes:

Includes bibliographical references and index.

ISBN:

9789814412841

9814412848

OCLC:

809789686