Description
Book SynopsisThis book consists of 20 short essays on different dimensions of international economic policy with specific (though not exclusive) focus on Asia. Topics covered include: exchange rate regimes and reserve buildup in Asia; global macroeconomic imbalances; financial sector liberalization; international capital flows to and from Asia; infrastructure financing in Asia; foreign direct investment (FDI) flows, production networks, manufacturing and outsourcing in Asia; the economic rise of China and India; and trade, financial and monetary regionalism in Asia. While the book covers important and often technical economic issues of contemporary policy relevance, it is written in a manner that is easily accessible to non-economists, including students of public policy, international affairs, international commerce and business, as well as policy-makers and interested observers.
Trade Review"As the world gets accustomed to Asia playing a more prominent role in the global economy, there is a need to communicate to a wider audience how Asia is addressing issues in Finance, Trade and Investment. This book by Rajan and Rongala addresses this need admirably, without sacrificing complexity and rigor. It can be expected to elevate the level of economic policy debates in and about Asia."Mukul G AsherProfessor, Lee Kuan Yew School of Public PolicyNational University of Singapore"This book is an important read for anyone wishing to understand the implications of the economic rise of China and India for the world economy and the growing emphasis on regional integration in Asia. The authors are experts and their exposition is clear and concise."Thomas D WillettDean of the School of Politics & EconomicsClaremont Graduate University
Table of ContentsMonetary and Exchange Rates Issues: Will the Greenback Remain Asia's and the World's Reserve Currency?; Inflation Targeting Frameworks in Asia; Issues on Financial Liberalization and Financing of Development: Capital Flows, Financial Crisis and the Tobin Tax; Capital Controls in China and India; Trade and Investment Issues and the Rise of China and India: Production Sharing and Trade in Asia; The Rise of India's Manufacturing; Selected Issues on Asian Regionalism: Redefining Asia: The Importance of India; Monetary Regionalism in Asia; Financial Regionalism in Asia; and other chapters.
