Eu-asia And The Re-polarization Of The Global Economic Arena

by Lars Oxelheim (Editor)

Overview

At the end of the 1980s, a tri-polar world comprising the US, EU and Japan emerged. However, the economic turbulence of the early 21st century has destabilized this order, and the rise of other Asian powers has implications for the formation of a new economic configuration.This book discusses the probability of the different tentative global economic power balances to emerge, as well as the different contestants: the EU, China and Japan, among others.Organized into three sections, the first part addresses general and trend-wise developments with relevance to the outcome of the re-polarization process. Subsequently, three chapters focus on developments in China, India and Japan. Finally, special issues such as climate policies, corporate governance, social reforms and cross-border economic alliances are considered in greater detail, in relation to their implications for the outcome of the re-polarization process.

Product Details

ISBN-13:	9789814366526
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	08/29/2012
Series:	Advanced Research On Asian Economy And Economies Of Other Continents , #7
Pages:	612
Product dimensions:	6.30(w) x 9.00(h) x 1.50(d)

Table of Contents

Preface v

Notes on Contributors xiii

Chapter 1 Long-Term Innovation Waves and the Potential Dissonance between Europe and Asia Lennart Schön 1

Chapter 2 Obstacles to Global Financial Adjustment: Economic Re-polarization and the Euro Area Michael Hutchison 33

Chapter 3 Interregional Trade Facing Re-polarization: The EU Trade Negotiations with ASEAN Countries Lena Lindberg Claes G. Alvstam 55

Chapter 4 The EU Meeting the Asian Trade Challenge - From Follower to Forerunner? Anders Ahnlid 95

Chapter 5 The Growing Financial Interdependence between Europe and Asia Andrew Chiu Peter MacKay 125

Chapter 6 Asian Currency Basket Peg: Feasibility and a Move Towards a Multi-polar World Raj Aggarwal Cal B. Muckley 169

Chapter 7 The Rise of China in a Tri-polar World: Can Corruption Co-exist with Economic Growth? Andrew Delias Roberto Galang 215

Chapter 8 Japan's Role on the New Economic Map: What is Japan's New Identity in the 21st Century? Yumiko Okamoto 247

Chapter 9 India in a Re-polarized World Shubhashis Gangopadhyay S. K. Shanthi 273

Chapter 10 Chindia FDI in Africa: Implications for Europe and Re-polarization Raj Aggarwal Rym Ayadi 305

Chapter 11 Low-Carbon Revolution of Chinese Economy: External Challenges vs. Internal Barriers Libo Wu Weiqi Tang Wenshi Yu 363

Chapter 12 The New Financial Architecture: The Role of Market Discipline for Governance Apanard Penny Prabhavivadhana Clas Wihlborg 419

Chapter 13 EU and Vietnam: From a Parental to a Competitive Relationship? Art Kokko 467

Chapter 14 The Role of SWFs in Shaping the Neo-polar World: The Asia-Europe Perspective Michael Keller 505

Chapter 15 Stuck in the Middle: A Challenge of Re-polarization for Europe and Indonesia Janti Gunawan Elizabeth L. Rose Rebecca Piekkari 535

Chapter 16 The Reform and Reconstruction of China's Social Security System Chun Ding 555

Index 583