The South China Sea, where a number of great powers and regional players contend for influence, has emerged as one of the most potentially explosive regions in the world today. What can be done to reduce the possibility of conflict, solve the outstanding territorial problems, and harness the potential of the sea to promote regional development, environmental sustainability and security? This book, with contributions from leading authorities in China, the Philippines, Vietnam, Australia, Singapore and the United States, seeks to illuminate these questions.
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Evolving Disputes, Expanding Options
Edited by Truong T. Tran, John B. Welfield and Thuy T. Le
Edited by Ray Yep, June Wang and Thomas Johnson
The trajectory and logic of urban development in post-Mao China have been shaped and defined by the contention between domestic and global capital, central and local state and social actors of different class status and endowment. This urban transformation process of historic proportion entails new rules for distribution and negotiation, novel perceptions of citizenship, as well as room for unprecedented spontaneity and creativity. Based on original research by leading experts, this book offers an updated and nuanced analysis of the new logic of urban governance and its implications.
A History of its Urban Development
Pui-yin Ho surveys how the social, economic and political environments of different eras have influenced the evolution of urban planning in Hong Kong. Evaluating the relationship between town planning and social change over time, this book explores how a local Hong Kong identity has emerged through its urban development. In doing so it brings a fresh perspective to urban research and provides historical context and direction for the future development of the city.
Exploring the Causes and Remedies of Japanization
Edited by Dongchul Cho, Takatoshi Ito and Andrew Mason
Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.
Subhash C. Jain and Ben L. Kedia
This book traces the history of India’s progress since its independence in 1947 and advances strategies for continuing economic growth. Insiders and outsiders that have criticized India for slow economic growth fail to recognize all it has achieved in the last seven decades, including handling the migration of over 8 million people from Pakistan, integrating over 600 princely states into the union, managing a multi-language population into one nation and resolving the food problem. The end result is a democratic country with a strong institutional foundation. Following the growth strategies outlined in the book and with a strong leadership, India has the potential to stand out as the third largest economy in the world in the next 25 to 30 years.
Achieving Fiscal Sustainability
Edited by Naoyuki Yoshino and Peter J. Morgan
Sustainable and inclusive growth in emerging Asian economies requires high levels of public investment in areas such as infrastructure, education, health, and social services. The increasing complexity and regional diversity of these investment needs, together with the trend of democratization, has led to fiscal decentralization being implemented in many Asian economies. This book takes stock of some major issues regarding fiscal decentralization, including expenditure and revenue assignments, transfer programs, and sustainability of local government finances, and develops important findings and policy recommendations.
Towards a Capitalist Manifesto
This book makes the bold attempt at proposing a new general theory of economic development. The main premise is that economic institutions and policies must embody ‘economic discrimination’ if there is to be any chance of real economic development. By economic discrimination, the author means ‘treating differences differently’ by selecting and supporting economic entities and behaviour that contribute positively to the economy. The book identifies markets, government and corporations as the ‘holy trinity of economic development’, that is, the three most important institutions that must work together via economic discrimination to steer the economy towards real transformative progress. The book also warns against the current trend of economic egalitarianism or ‘not treating differences differently’ because it destroys economic incentives and results in an array of economic problems including growth stagnation.
Impressive Accomplishments or Incomplete Achievements?
Edited by Jacques Silber and Guanghua Wan
Following rapid economic growth in recent decades, Asia and the Pacific experienced an impressive reduction in extreme poverty, but this drop was not uniform and achievements are still incomplete. Vulnerability to natural disasters, the increasing impact of climate change and economic crises should all be taken into account. There is also a need to consider the multidimensional nature of poverty and the non-uniformity of the decrease across different ethnic groups. This book explores the Asian ‘poverty miracle’ and argues for the development and use of an Asia-specific poverty line.
Cores, Peripheries and Peaceful Rising
Sabrina C.Y. Luk and Peter W. Preston
Europe and China have a long intermingled history reaching back to the earliest phases of the shift to the modern world. In the twenty-first century Europe and China are rediscovering their interlinked histories and reestablishing relationships. One aspect of this process involves cutting through received images of China and this book presents a clear, concise, scholarly review of the logic of Chinese politics.
The Path to Development and Macroeconomic Stability in Korea
This book elaborates upon the dynamic changes to Korean firms and the economy from the perspective of catch-up theory. The central premise of the book is that a latecomer’s sustained catch-up is not possible by simply following the path of the forerunners but by creating a new path or ‘leapfrogging’. In this sense, the idea of catch-up distinguishes itself from traditional views that focus on the role of the market or the state in development.