Description
Book SynopsisThis book takes account of the global financial crisis from Asian perspectives, considering Asian responses to the crisis via two key arenas - regionalism in Asia and the G20.
The expert contributors - both Asian and Western - illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of 'middle' powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development.
Written with a uniquely multidisciplinary approach, this book will prove a fascinating read for a wide-ranging audience encompassing academics, students, researchers and policymakers in a number of fields including Asian studies, economics, public policy and regional studies.
Contributors: E.K.Y. Chen, R. Higgott, D. Hundt, G. Kim, P. Kim, T. Kim, Y. Kim, J. Ma, W. Moon, T. Nakajima, W. Pan, J. Park, T.J. Pempel, S. Quirk, L. Tian, I. Wallerstein, G. Xiao, J. Yang, L. Yongtao, D.R. Yoon
Table of ContentsContents: Preface 1. Northeast Asia in the Multipolar World-System Immanuel Wallerstein 2. The Other 80 Percent: Understanding Economic Drivers of Global Transformation Geng Xiao, Sean Quirk and Jing Yang 3. Asian Capitalism: Beijing Consensus as an Economic Development Model for the 21st Century Edward K.Y. Chen 4. The Renminbi Debate: A Review of Issues and Search for Resolution Yoonbai Kim and Gil Kim 5. Weathering the Financial Storms: The Government of China Jing Ma and Lihui Tian 6. The Global Financial Crisis and its Implications for East Asian Financial Integration Pilhyun Kim 7. The G20 and the Role of Asia in the Future Deok Ryong Yoon 8. The G20 and Asian Monetary Cooperation Woosik Moon 9. APEC: The Future Prospects for a Bridge Spanning the Pacific Tomoyoshi Nakajima 10. The ASEAN Economic Community and East Asian Economic Integration Taeyoon Kim 11. Global Financial Regulation: G2 or G20? T.J. Pempel 12. East Asian Community Building Wei Pan 13. Sino–US Relations: Possible Trends and Implications for the East Asia Community Liu Yongtao 14. Middle Powers and the Building of Regional Order: Australia and South Korea Compared David Hundt 15. The Utility and Limits of the ‘European Model’ for the Regional Institutionalization of East Asia Richard Higgott 16. Conclusion: From the Asian Community to the World Economy Government Jehoon Park Index
