Genre : Law
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ISBN : UOM:39015018605694
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This paper analyzes the macroeconomic adjustment from the crisis in East Asia in a broad international prospective. The stylized pattern from the previous 160 currency crisis episodes over the period from 1970 to 1995 shows a V-type adjustment of real GDP growth in the years prior to and following a crisis. The adjustment shows a much sharper V-type in the crisis episodes with the IMF program, compared to those without. Cross-country regressions show that depreciation of real exchange rate, expansionary macroeconomic policies and favorable global environments are critical for the speedy post-crisis recovery. In this sense, the East Asian process of adjustment is not much different from the stylized pattern from the previous currency crisis episodes. However, the degree of initial contraction and following recovery has been far greater in East Asia than what the cross-country evidence predicts. This paper argues that the sharper adjustment pattern in East Asia is attributed to the severe liquidity crisis that was triggered by investor's panic and then amplified by the weak corporate and bank balance sheet. We find no evidence for a direct impact of a currency crisis on long-run growth.
East Asia's rapidly changing role in international security, the global economy, development and global governance are expertly accounted for in this much-needed, state-of-the-art text. Xiaoming Huang offers an engaging and informed account of the key concepts, issues and actors working in this area. Ranging from the region's history, to culture and a comparative assessment of the region's states, this text is informed throughout by a compelling theoretical framework. In so doing, it unpicks the often complex relationships both at the domestic level and externally. Only with this understanding is it possible to make sense of the region's complex relationships both internally and externally. Structured around key concepts in international relations of war and peace, economic development and increased contemporary security threats, this text offers an empirically-rich, engaging account of the changing fortunes of East Asia.
"This report was prepared by a World Bank team comprising Chandan Dreuskar, Judy Baker (Task Team Leader), and David Mason"--Page xiii.
Russia has generally been neglected in the academic and policy discourse on regional integration in East Asia. This book fills this gap, with particular attention to the role of Pacific Russia in the deepening regional integration in East Asia. It examines the increasingly diverse foreign policy interests of Russia related to emerging economic and political realities of the world, and Russia’s potential role in the regional integration in East Asia. Topics discussed include Russian strategic interests and security policy in East Asia generally, Russia’s bilateral relations with China, Japan, and the Korean Peninsula, opportunities and challenges energy and immigration presents for Russia and its engagement with East Asia, and Russia’s present and future roles in regional integration in East Asia.
This book discusses liberal arts education and liberal arts colleges in the context of East Asia, specifically focusing on Japan, China and S. Korea where it has become an emerging issue in higher education in recent years. It first explores the development, concepts and challenges of liberal arts education and liberal arts colleges in East Asia. It then delineates the implications of the best practices of selected liberal arts colleges inside and outside East Asia, and offers policy and pedagogical guidelines for the future of liberal arts colleges and programs in East Asia and beyond.
As the economies of East Asia grow ever stronger, their need for energy resources increases, which in turn compels closer relations with the countries of the Middle East. This book examines the developing relations between the countries of East Asia, especially China and Japan, with the countries of the Middle East. It looks at various key bilateral relationships, including with Iran and Syria, discusses the impact on the United States’ hegemony in both regions, considers whether the new relations represent a contribution to, or a threat to, peace and stability, and assesses the implications of the changes for patterns of regional and global international relations systems.
Tropical East Asia is home to over one billion people and faces massive human impacts from its rising population and rapid economic growth. It has already lost more than half of its forest cover to agriculture and urbanization, and has the highest rates of deforestation and logging in the tropics. Habitat loss, coupled with hunting and the relentless trade in wildlife products, threatens all its large and many of its smaller vertebrates. Despite these problems, the region still supports an estimated 15-25% of global terrestrial biodiversity and a growing environmental awareness means that it is no longer assumed that economic development justifies environmental damage, and no longer accepted that this trade-off is inevitable. Effective conservation action now depends on integrating a clear understanding of the ecological patterns and processes in the region with the varied needs of its human population. This third edition continues to provide an overview of the terrestrial ecology of Tropical East Asia: from southern China to Indonesia, and from Bhutan and Bangladesh to the Ryukyu Islands of Japan. It retains the balance between compactness and comprehensiveness of the previous editions, and the even-handed geographical treatment of the whole region, but it updates both the contents and the perspective. Approximately one third of the text is new or greatly modified, reflecting the explosion of new research in the region in the last few years and the increasing use of new tools, particularly from genomics and remote sensing. The change in perspective largely reflects the growing realization that we are in a new epoch, the Anthropocene, in which human activities have at least as large an influence as natural processes, and that stopping or reversing ecological change is no longer an option. This does not mean that biodiversity conservation is no longer possible or worthwhile, but that the biodiverse future we strive for will inevitably be very different from the past. The Ecology of Tropical East Asia is an advanced textbook suitable for senior undergraduate and graduate level students taking courses on the terrestrial ecology of the East Asian tropics, as well as an authoritative regional reference for professional ecologists, conservationists, and interested amateurs worldwide.