Global Linkages and Economic Rebalancing in East Asia

Edited by Takuji Kinkyo, Yoichi Matsubayashi () and Shigeyuki Hamori

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997–98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia's reliance on export-led growth has been called into question. The region's transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances — the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia.

Keywords: Rebalancing Demand; East Asia; Business Cycles Synchronization; Free Trade Agreements; Inflation Targeting; Financial Market Development; China's Household Saving Rates; PFI-Based Infrastructure Development (search for similar items in EconPapers)
Date: 2013
ISBN: 9789814412841
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https://www.worldscientific.com/worldscibooks/10.1142/8532 (text/html)
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Chapters in this book:

Ch 1 DECOUPLING — A RE-EXAMINATION , pp 1-17

Hiroshi Tsubouchi and Hideaki Matsuoka

Ch 2 BUSINESS CYCLE SYNCHRONIZATION AND PRODUCTION FRAGMENTATION IN EAST ASIA , pp 19-42

Fumihide Takeuchi

Ch 3 FINANCIAL MARKET LINKAGE IN EAST ASIAN COUNTRIES , pp 43-63

Kyosuke Shiotani and Yoichi Matsubayashi

Ch 4 THE IMPACT OF EAST ASIAN FTAS ON THE STRUCTURE OF DEMAND , pp 65-84

Hikari Ban

Ch 5 INFLATION TARGETING IN SOUTH KOREA, INDONESIA, THE PHILIPPINES AND THAILAND: THE IMPACT ON BUSINESS CYCLE SYNCHRONIZATION BETWEEN EACH COUNTRY AND THE WORLD , pp 85-108

Takeshi Inoue, Yuki Toyoshima and Shigeyuki Hamori

Ch 6 GLOBALIZATION AND ECONOMIC GROWTH IN EAST ASIA , pp 109-138

Fengbao Yin and Shigeyuki Hamori

Ch 7 CAN SOUTH-SOUTH TRADE BE A DRIVING FORCE FOR FUTURE ECONOMIC GROWTH? , pp 139-158

Shigesaburo Kabe

Ch 8 AN EMPIRICAL ANALYSIS OF THE DETERMINANTS OF HOUSEHOLD SAVING (CONSUMPTION) IN CHINA: A PANEL ANALYSIS OF PROVINCIAL DATA, 1995–2010 , pp 159-180

Guifu Chen

Ch 9 FINANCING INFRASTRUCTURE CONSTRUCTION IN CHINA , pp 181-191

Long Ke

Ch 10 IS THE RENMINBI APPRECIATING FAST ENOUGH? , pp 193-209

Takuji Kinkyo

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