Asia's Flying Geese

Asia's Flying Geese PDF Author: Walter F. Hatch
Publisher: Cornell University Press
ISBN: 0801457483
Category : Political Science
Languages : en
Pages : 297

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Book Description
In Asia's Flying Geese, Walter F. Hatch tackles the puzzle of Japan's paradoxically slow change during the economic crisis it faced in the 1990s. Why didn't the purportedly unstoppable pressures of globalization force a rapid and radical shift in Japan's business model? In a book with lessons for the larger debate about globalization and its impact on national economies, Hatch shows how Japanese political and economic elites delayed—but could not in the end forestall—the transformation of their distinctive brand of capitalism by trying to extend it to the rest of Asia.For most of the 1990s, the region grew rapidly as an increasingly integrated but hierarchical group of economies. Japanese diplomats and economists came to call them "flying geese." The "lead goose" or most developed economy, Japan, supplied the capital, technology, and even developmental norms to second-tier "geese" such as Singapore and South Korea, which themselves traded with Thailand, Malaysia, and the Philippines, and so on down the V-shaped line to Indonesia and coastal China. Japan's model of capitalism, which Hatch calls "relationalism," was thus fortified, even as it became increasingly outdated. Japanese elites enjoyed enormous benefits from their leadership in the region as long as the flock found ready markets for their products in the West.The decade following the collapse of Japan's real estate and stock markets would, however, see two developments that ultimately eroded the country's economic dominance. The Asian economic crisis in the late 1990s destabilized many of the surrounding economies upon which Japan had in some measure depended, and the People's Republic of China gained new prominence on the global scene as an economic dynamo. These changes, Hatch concludes, have forced real transformation in Japan's corporate governance, its domestic politics, and in its ongoing relations with its neighbors.

Asia's Flying Geese

Asia's Flying Geese PDF Author: Walter F. Hatch
Publisher: Cornell University Press
ISBN: 0801457483
Category : Political Science
Languages : en
Pages : 297

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Book Description
In Asia's Flying Geese, Walter F. Hatch tackles the puzzle of Japan's paradoxically slow change during the economic crisis it faced in the 1990s. Why didn't the purportedly unstoppable pressures of globalization force a rapid and radical shift in Japan's business model? In a book with lessons for the larger debate about globalization and its impact on national economies, Hatch shows how Japanese political and economic elites delayed—but could not in the end forestall—the transformation of their distinctive brand of capitalism by trying to extend it to the rest of Asia.For most of the 1990s, the region grew rapidly as an increasingly integrated but hierarchical group of economies. Japanese diplomats and economists came to call them "flying geese." The "lead goose" or most developed economy, Japan, supplied the capital, technology, and even developmental norms to second-tier "geese" such as Singapore and South Korea, which themselves traded with Thailand, Malaysia, and the Philippines, and so on down the V-shaped line to Indonesia and coastal China. Japan's model of capitalism, which Hatch calls "relationalism," was thus fortified, even as it became increasingly outdated. Japanese elites enjoyed enormous benefits from their leadership in the region as long as the flock found ready markets for their products in the West.The decade following the collapse of Japan's real estate and stock markets would, however, see two developments that ultimately eroded the country's economic dominance. The Asian economic crisis in the late 1990s destabilized many of the surrounding economies upon which Japan had in some measure depended, and the People's Republic of China gained new prominence on the global scene as an economic dynamo. These changes, Hatch concludes, have forced real transformation in Japan's corporate governance, its domestic politics, and in its ongoing relations with its neighbors.

The Rise of Asia

The Rise of Asia PDF Author: Terutomo Ozawa
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
Terutomo Ozawa introduces a newly reformulated theory of 'flying-geese' economic development, exploring Asia's dynamic growth and financial development. This unique book shows how the flying-geese theory can be expanded and applied to both the real- and the financial-sector structural transformation of regionally clustered economies. The author explores an array of concepts - from the ladder of economic development and hegemon-led growth clustering, through 'stages jumbling', to comparative advantage recycling and the Ricardo-Hicksian limits of industrialism - which together help bring an understanding of the dynamics of tandem growth and regional agglomeration in Asia. The book also investigates the causal mechanisms of structural upgrading and emphasizes the critical role of multinational corporations. Throughout this wide-reaching analysis, Terutomo Ozawa advocates a 'flying-geese' way of thinking--that is, to think of Asia's phenomenal growth in hierarchical, dialectical, and evolutionary terms. In a new era of rapid globalization and rising economic nationalism, this timely and insightful book will appeal strongly to scholars and students of international business, economics, political science, and international relations. Those specializing on Asia will find it of particular value.

Globalisation And Economic Growth In China

Globalisation And Economic Growth In China PDF Author: Linda Y Yueh
Publisher: World Scientific
ISBN: 9814477621
Category : Business & Economics
Languages : en
Pages : 299

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Book Description
In the 26 years since market-oriented reforms were introduced, China has emerged onto the world stage as a major economic presence, particularly since her accession to the World Trade Organisation in 2001.This book is a collection of papers on the effects of globalisation on China's growth prospects and of China's growth on the wider economy. The issues explored include the sustainability of China's continuing economic reform and the necessary reforms to sustain that growth; the considerable effects of her integration into the global economy and its implications for the conduct of Chinese economic policies, including the exchange rate regime; and the influence of China on the regional and world economy. China's competitiveness in exports has also begun to challenge the market share of developing and developed economies; this role in promoting intra-regional trade is also explored.

The Evolution of the World Economy

The Evolution of the World Economy PDF Author: Terutomo Ozawa
Publisher: Edward Elgar Publishing
ISBN: 1781003319
Category : Business & Economics
Languages : en
Pages : 225

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Book Description
The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the ‘flying-geese’ theory explains how capitalism has changed industrial structures across the world. It asks whether the ‘flying-geese’ formation will survive the changes that have produced the East Asian miracle, and – as hoped – spread to Africa. Terutomo Ozawa’s reformulated 'flying-geese' theory explains structural changes as an innovation-driven, ratcheting-up process of economic growth and shows that market-driven multinational corporations are key players for a successful ‘flying-geese’ formation and structural transformation. The book argues that the ‘ladder’ of economic development must be conceived as a double-helix with inter- and intra-industry rungs, the latter embedding cross-border supply chains and adaptive innovations. A thorough exploration of the structural changes under Pax Britannica and Pax Americana – moving from ‘kicking away the ladder’ from emerging economies to then providing it – demonstrates that this trend engenders multinational corporations that can facilitate structural transformation, particularly in catching-up economies. Ozawa shows that China is now in the critical transitional period that requires more sophisticated institutional, socio-political setups, as well as more advanced knowledge and ethics to move from the lower to the higher rungs. This enlightening, accessible and timely conclusion to Ozawa’s trilogy will be of great interest to many, particularly those specialising in international business, economics, political science, and international relations. Academics and practitioners alike will find this an invaluable resource.

Beyond Japan

Beyond Japan PDF Author: Peter J. Katzenstein
Publisher: Cornell University Press
ISBN: 1501731114
Category : Political Science
Languages : en
Pages : 342

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Book Description
Have Japan's relative economic decline and China's rapid ascent altered the dynamics of Asian regionalism? Peter Katzenstein and Takashi Shiraishi, the editors of Network Power, one of the most comprehensive volumes on East Asian regionalism in the 1990s, present here an impressive new collection that brings the reader up to date. This book argues that East Asia's regional dynamics are no longer the result of a simple extension of any one national model. While Japanese institutional structures and political practices remain critically important, the new East Asia now under construction is more than, and different from, the sum of its various national parts. At the outset of a new century, the interplay of Japanese factors with Chinese, American, and other national influences is producing a distinctively new East Asian region.

Wild Geese and Tea

Wild Geese and Tea PDF Author: Shu Shu Costa
Publisher: Riverhead Books (Hardcover)
ISBN:
Category : Asian Americans
Languages : en
Pages : 196

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Book Description
A practical wedding planner for Chinese-, Japanese-, and Korean-Americans, this book is beautifully illustrated and rich with history and traditions. Featuring an eight-page color insert, it is an essential guide for Asian-Americans--one that honors ancient heritage as it inspires the creation of new traditions.

Economic Development of Emerging East Asia

Economic Development of Emerging East Asia PDF Author: Frank S.T. Hsiao
Publisher: Anthem Press
ISBN: 1783086890
Category : Business & Economics
Languages : en
Pages : 385

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Book Description
Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.

The Temple of the Wild Geese

The Temple of the Wild Geese PDF Author: Tsutomu Minakami
Publisher: Dalkey Archive Press
ISBN: 1564784908
Category : Fiction
Languages : en
Pages : 210

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Book Description
The Temple of the Wild Geese, a semi-autobiographical account of Mizukami's childhood, tells the tale of Jinen, a Buddhist monk raised by villagers after his mother, a beggar, abandoned him. Sent to live at a temple at the age of ten, his resentment smolders for years until it explodes in a shocking climax. In Bamboo Dolls of Echizen, no woman is willing to marry the diminutive Kisuke, a bamboo artisan, until Tamae, a prostitute, comes to pay her respects at the grave of Kisuke's father. In Tamae, Kisuke sees shadows of his own mother, who died when he was young, and the two eventually marry. Since Kisuke seeks only motherly affection from Tamae, the two never become lovers. Instead, Tamae devotes herself to caring for Kisuke as a mother would, and he thrives as a renowned maker of bamboo dolls.

Innovation in East Asia

Innovation in East Asia PDF Author: Michael Hobday
Publisher: Edward Elgar Publishing
ISBN:
Category : Electronic industries
Languages : en
Pages : 248

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Book Description
A series of detailed case studies is used not only to show how individual companies developed, but also how large groups of firms formed industrial clusters from behind the technology frontier. Taiwan, South Korea, Hong Kong and Singapore have emerged as dynamic and distinct forces for growth and innovation. Increasingly the competitive challenge to Japan comes from these countries rather than from Europe and America.

Wild Geese Sorrow

Wild Geese Sorrow PDF Author:
Publisher:
ISBN: 9781944593063
Category : Poetry
Languages : en
Pages : 216

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Book Description
New translations of the poems left behind at the Angel Island Immigration Station.