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Explores the various ways in which the institutions of the global economy might rise to the challenges posed by the twin goals of increasing the pace of global development and alleviating poverty. This book also provides a much-needed analysis of the successes and failures of international institutions in achieving these aims.
There is great interest in the Pacific Century and what its implications for the future will be. The rapid economic growth of East Asia was already setting the region apart from the rest of the world by the 1970s. By the 1980s the trend was seen to have spread southward to Thailand, Malaysia and Indonesia, while China's provinces had also become integral to the regional economic boom. In this exciting new study many of the ideas and expectations associated with the Pacific Century are placed under critical scrutiny. The book includes studies of particular countries such as China, Japan, South Korea, Vietnam, Indonesia and Malaysia. There is analysis of economic and political trends in the region, the reasons behind its rise and its importance on a global scale. The rise of East Asia represents an historic turning point with immense significance world-wide. This book will be of interest to anyone concerned about the new approaches to and the debate about the rise of east Asia and the coming of the Pacific Century.
The book examines the political and economic developments in East Asia since the end of the Cold War in an attempt to identify a broad pattern of transition, particularly in terms of the reshaping of the state's relations with forces and institutions in economy, politics and domestic- international interactions. The chapters are organised into three parts: I: The state in the new economy; II: The state in the new politics; III: The state in the new global environment. The contributors find a general pattern of the state's withdrawal from these three areas. But it is not simply that the market takes over, as some envisaged. Instead, the transition is moving towards a set of governance-producing arrangements in which the role of both the market and the state are appreciated. The book concludes that a more sophisticated approach is needed to the problems of development vs. governance, the state vs. the market, and global dynamics vs. national interests, for a better understanding of the dynamic transition and the consequent new political economy in East Asia.
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