Search results

The current economic crisis throws into question a number of well-established and received beliefs. In particular, it questions the long-term viability of the decoupling between multinational firms and the banking system, it casts serious doubts on the US dollar-centered monetary system and on the continuation of the US dollar as the unique reserve currency in the future and invites the critical analyst to assess the long-term viability of US-China economic relations based on a US current account deficit absorbed by Chinese financial institutions. It can also be seen as an opportunity for a thorough analysis of the factors explaining the rise of property prices, in particular in fast-growing economies. Given the arbitrage exercised by investors on the different financial, primary commodities and other markets, and given the increasing depletion of fossil fuels, it raises the issue of food security in the long term, puts to the fore the multinational firms from the emerging economies (such as China and India) and it questions the response strategies of multinational firms from the `West' and Japan. Finally, the crisis opens a debate centered on the future stimulating role that the Asian continent could play vis-a-vis `the West', and in particular, vis-a-vis the European Union. This book engages these key current issues in the broad theme of integration. -- Back cover.

Although Asia has been the world engine of economic growth since World War II, growth rates have differed sharply among the countries of the region. Still, all Asian countries have experienced some degree of growth limitation. Japan is facing the crucial issue of a quickly aging and shrinking population, a situation that South Korea is bound to face in the near future too. China, which still enjoys relatively high growth rates, is dealing with an exhaustion of its export-led growth model based on low wages, as well as huge and unprecedented environmental problems. In addition, food supply is still a concern for most Asian countries in spite of huge increases in productivity in the agricultural sector, the main reason being that global demand for food products has been increasing at an even higher speed. This edited collection focuses on the policies - at the macroeconomic level - and strategies - at the micro-meso economic levels - that need to be deployed in order to overcome the limits to growth in a post-global financial crisis and export-led growth context. It will be of interest to all scholars of economics, management and the political sciences who work on the economies of East Asia, and also to all those who work on the theme of 'transition economies'. Bernadette Andreosso-O'Callaghan is Jean Monnet Professor of Economics at the University of Limerick, Republic of Ireland and International Research Fellow at the Ruhr-University Bochum, Germany. Jacques Jaussaud is Professor of Management at the University of Pau and Pays de l'Adour, France. M. Bruna Zolin is Professor at Ca' Foscari University, Department of Economics, Venice, Italy.

Since the 2008 global economic crisis, East Asian economies have faced a number of macroeconomic issues including China's new growth model, the middle-income trap in developing East Asian countries, and the growing natural fibre market and its socio-economic implications. This book addresses these key topical issues which East Asian economies are facing today. Written by international experts in the area of Asian economics and business, it presents the most recent macroeconomic outlook in the region and then goes on to analyse a number of business corporations and industry-related cases, focussing on the theme of firms' strategies. Examining the links between environmental and financial performance, corporate social responsibility and the transfer of environmental management, financial accounting standards, the relationship between corporate sustainability activities and corporate profit, and the different cultural approaches towards business ethics, this book provides both practical strategies and new theoretical insights. As such it will appeal to students, scholars and practitioners interested in Asian business and economics.

This study assesses the current state of economic integration in Asia - in particular in East and South East Asia- and analyzes the prerequisites for a sustainable path of economic integration, using the background of the EU experience as a benchmark