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Sustaining Development and Growth in East Asia
For several decades, fast-growing East Asia has been the envy of the developing world. Not only has East Asia outperformed all other regions of the world, but it also recovered surprisingly swiftly from the 1997–98 Asian financial crisis and the 2008–09 global financial crisis. Nevertheless, investment in the region remains subdued relative to pre-Asian crisis levels. Are current investment rates too low and, given greater investment, could the region grow even more rapidly? This book brings together a rich array of papers analyzing the determinants of, and impediments to, investment and growth. It discusses a range of issues bearing on investment and development. The chapters cover dome...
Cross-border Partnerships in Higher Education
"Cross-border Partnerships in Higher Education is a welcome addition to the academic literature on the scope and impact of international partnerships in a very dynamic higher education market. Robin Sakamoto and David Chapman should be congratulated for this excellent contribution that can guide higher education institutions all over the world in thinking more strategically and achieving better results as they engage in cross-border partnerships."--Jamil Salmi, Tertiary Education Coordinator, The World Bank, Washington, DC.
Central Banking Without Central Bank Money
Given the rapidly declining demand for central bank reserves and their gradual replacement in wholesale payments by alternative forms of money—clearinghouse moneyand treasury money—this paper discusses whether the complete extinction of base money could undermine monetary control. It argues that such concerns are misplaced since central banks can target interest rates and inflation even in the absence of base money. The paper explores implications for current and future central banking, including monetary and foreign exchange operations, lender of last resort, coordination between public debt and monetary management, and design of operating rules in currency boards.
Many Possible Worlds
This book provides a crosscutting interdisciplinary account of how the disintegrated, global subsistence economy circa 1800 has transformed into a global complex delivering unprecedented levels of material production and consumption. Applying major findings from economics, history/historiography, and sociology (as well as from anthropology, psychology, politics, and environmental studies), the analysis tracks the ways in which changes in ‘society’ (including social structures, values, and forces) have changed ‘individuals’ (including conceptions of race, gender, and identity) and vice versa. These changes have simultaneously homogenised and diversified societies and individuals in di...
Infrastructure for Supporting Inclusive Growth and Poverty Reduction in Asia
This publication summarizes the papers and presentations in Workshops on Economics of Infrastructure in a Globalized World, funded by the Asian Development Bank through a regional technical assistance project. The discussions at the conferences focused on three themes: (i) the role of infrastructure in supporting inclusive growth and poverty reduction; (ii) the need for appropriate soft infrastructure, including the policy environment and regulatory institutions; and (iii) the potential for public and private partnerships in infrastructure provision. Each theme elaborates the premise that extensive, efficient infrastructure services are essential drivers of economic growth and sustainable poverty reduction.
Ascending India and Its State Capacity
A comprehensive and revealing account of the ongoing struggles and instability of India s political and economic institutions India s ascent as a formidable power on the world stage and its geopolitical ramifications have received much attention in recent years. This comprehensive study by Sumit Ganguly and William Thompson, two highly distinguished scholars of political science and international relations, delves into the intricate inner workings of this great Asian nation to reveal an Indian state struggling to maintain national security, domestic order, and steady fiscal growth despite weaknesses in its economic and political institutions. The authors sobering account questions India s perceived strengths and domestic and foreign policy initiatives, while focusing on the South Asian giant s infrastructural and economic growth problems, opposition to reform, and other important hurdles the nation has faced and will continue to face over the coming decade and beyond.
We are Better Than this
"A book which examines how government - which is to say, all of us, acting collectively - can make our country healthier, wealthier and happier, if we put government to useful work in those areas where it most productively complements our private markets"--
Routledge Handbook of Southeast Asian Democratization
Southeast Asia, an economically dynamic and strategically vital region, seemed until recently to be transiting to more democratic politics. This progress has suddenly stalled or even gone into reverse, requiring that analysts seriously rethink their expectations and theorizing. The Routledge Handbook of Southeast Asian Democratization provides the first book-length account of the reasons for democracy’s declining fortunes in the region today. Combining theory and case studies, it is structured in four major sections: Stunted Trajectories and Unhelpful Milieus Wavering Social Forces Uncertain Institutions Country cases and democratic guises This interdisciplinary reference work addresses to...
Negotiating Financial Agreement in East Asia
Every international negotiation bears a risk of collapse, as even among like-minded countries, different players often have different priorities and interests. This can result in conflict as states clash over certain agreement details, and their disputes can escalate and founder the entire negotiation, missing an opportunity to realize potential initiatives. However, other circumstances have witnessed the cases of successful deals. This begets a puzzle: What did these states do to salvage their talks and seal their deals? This book examines East Asian financial negotiation processes and seeks to explain why some negotiations are successful despite the risk of bargaining failure. Using the Ch...
