Asia's Turning Point An Introduction to Asia's Dynamic Economies at the Dawn of the New Century

ISBN-10: 0470823607

ISBN-13: 9780470823606

Edition: 2008

List price: $23.99
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Description:

Asia was probably the biggest economic sensation of the post-war decades. The breathtaking success of Japan was followed by a remarkable rise of "four tigers", then ASEAN founder states and then China. The Asian miracle became a commonly accepted definition of this success. In the late 1970s and especially 80s it became clear that the balance of power in the world had changed. Politicians, businessmen, scholars began to talk about "the new Asia Pacific age" and Asian economic model, different from and, maybe, even superior to Western capitalism. However, in 1997-98 the Asian economic crisis came and made the region a sick man. Six years before that Japan, the regional powerhouse entered more than a decade-long period of stagnation. The miracle was over. However, the crisis was overcome within a surprisingly short period of time. Naturally, the question arises: What now? What is going on in the region after the miracle and after the crisis? What is today's face of Asian capitalism and how should we view its performance? Readers interested in regional developments will find a lot of literature about miracle decades and crisis years. However, few analysts have addressed the challenging questions addressed in this book. The authors vividly show that Asian capitalism is undergoing a radical structural transformation. These changes are directly affecting its key institutions: governments, companies, labor relations, etc. As a result Asian economic systems are becoming much closer to the Western-style, especially Anglo-Saxon capitalism, though the region retains some important specific features, especially regarding business culture. This book is a must for business people worldwide, for all those who study the region in colleges and business schools, for people engaged in various international activities and, finally, for all those who want learn more about our world at the dawn of the new century.
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Book details

List price: $23.99
Copyright year: 2008
Publisher: John Wiley & Sons, Limited
Publication date: 6/5/2009
Binding: Hardcover
Pages: 350
Size: 6.00" wide x 9.25" long x 1.50" tall
Weight: 1.584
Language: English

Professor Philippe Debroux is a Professor of International Management at Soka University (Japan). He is also visiting Professor of International Management and Human Resource Management on a regular basis at Hanoi Economic University, Tsukuba University (Japan), Rennes University Center for Japanese Studies (France) and Brussels Solvay Business School MBA program.

Acknowledgments
Prologue
Region
The East Asian Miracle in Retrospect
Similarity in Diversity
Why Rapid Growth?
The East Asian Model of Capitalism: An Outline
The East Asian Model of Capitalism: How It Worked for Growth
The Asian Crisis: The Final Curtain
Entering a New Stage
A New Wave of Growth
East Asia in the World: Its Present Position
Running Fast But Slowing Down
Labor and Capital: Inputs and Productivity
Growth Drivers on the Demand Side
China-led Growth
The Growth of Poor Quality: Energy Inefficiency and Environmental Unfriendliness
The Impact of the Global Financial Turmoil
Concluding Remarks
Structural Transformation: The State
The Developmental State Is Yesterday
"Less Government, More Market"
Industrial Policy: Still There, But...
An Emphasis on Upgrading and Innovation
Modernizing Agriculture: A New Old Task
SOEs and GLCs as Leaders in the Market Economy
Concluding Remarks
Structural Transformation: Business
Three Big Shifts
Ownership Shift
Corporate Governance Shift
Dominant Shareholders: A New Mentality, a New Mode of Action
Concluding Remarks
Structural Transformation: Labor Relations
Overview: Directions of Change and New Challenges
Evolving Practices and Way of Thinking
The Signs of a New HRM System
Building Sustainable Labor Relations
Concluding Remarks
Regional Integration and Prospects for the East Asian Community
The Interdependence of East Asian Economies
East Asia's FTAs
Regional Institution Building: ASEAN Plus Three
The Creation of the East Asian Community: Dilemmas
East Asia's Integration Pattern: A "Do-What-You-Can-Do" Community
Nations
China: A New Heavyweight
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Three Super-Challenges
The Upgrading Game
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Hong Kong: Ten Years with China
A Few Basics
An Historical Perspective
Postwar Development
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Taiwan: A Center of Advanced Manufacturing
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
South Korea Reformed: Challenges for a Newly Developed Nation
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Singapore: Globalized, Entrepreneurial, Diversified
A Few Basics
Postwar Development
Structural Features
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Malaysia: Developed by 2020?
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Thailand: Rice Bowl, Regional Factory, and Land of Smiles
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
Inward FDI and the Business Environment
Concluding Remarks
Indonesia: The Start of the Post-Suharto Era
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Philippines: Speeding up at Last
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
Inward FDI and the Business Environment
Concluding Remarks
Vietnam: A New Magnet for Investors?
A Few Basics
Postwar Development
Structural Reforms (The 1990s and the 2000s)
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
North Korea: Utter Orthodoxy or Attempts to Reform?
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Economic Relations with South Korea
Concluding Remarks
The Russian Far East: Yes, It Is Also East Asia!
A Few Basics
The RFE in the Soviet Economy
The Market Transition of the 1990s
Present Performance
Foreign Trade
Inward FDI and the Business Environment
Concluding Remarks
India: The Next-Door Neighbor Knocking at the Door
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Japan: Forgotten Giant
A Few Basics
Postwar Development
Structural Reforms
Present Performance
Foreign Trade
FDI and the Business Environment
Concluding Remarks
Epilogue
References
Index
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