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| 1 |
ID:
133563
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| Publication |
2014.
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| Summary/Abstract |
In contrast with the pre~1997/98, today's emerging Asia registers excess savings. Since early 2000s, the liquidity was further boosted by in?ows of capital including those going through the banking sector. After a brief, yet sharp, interruption at the beginning of the global ?nancial crisis, in?ows resumed albeit of different form and inducted by different agents. Nonetheless, the global liquidity sphere has clearly changed. When the quantitative easing tantrum began in May last year, volatility returned. Largely due to a lack of innovative policy response, the episode of vacillating flows produced repercussions not different than in the past because the incentive system remains unchanged. Consequendy, vulnerability still rises with capital ?ows. The 'rational' response of agents is equally predictable, raising the risk of financial instability and exacerbating the already widening income disparity. Nothing is fundamentally new, everyone continues to "dance with the system."
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| 2 |
ID:
058684
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| 3 |
ID:
066631
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| 4 |
ID:
126403
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| 5 |
ID:
101315
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| Publication |
2010.
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| Summary/Abstract |
China's trade relations with the United States over the past four decades is a topic that has not been fully dealt with in scholarly works. This paper charts the course of US-China economic relations since 1971, explains the principal forces stimulating growth and encouraging change and, finally, discusses how these two economic giants fit into an interlocking Asian and world economy. In reaction to the post-2008 financial downturn, advocates for a new world economic order have suggested a rebalancing of global demand, which will arguably become a major, politically charged issue in the US and in China in the years to come. Growing economic interdependence has quickly presented new challenges and opportunities, with issues such as human rights, Most-Favoured-Nation status, the Taiwan and Tibet question, and the huge American trade deficit threatening to cloud the relationship at times. With China's emergence as a major power and America's hegemonic ambitions tested in successive wars, the contradiction between a booming commercial relationship and conflict associated with geopolitical and ideological differences will continue to constitute a serious challenge. The long-term goal for each side will be to forge economic ties strong enough to create a stable political relationship, rather than to be held hostage by geopolitical constraints.
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| 6 |
ID:
086326
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| Publication |
2009.
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| Summary/Abstract |
This paper attempts to address an imperative topic in Asian economic development: the relationship between China's economic expansion and Asian economic growth. It tries to answer the all important query, whether China's economic ascent is a threat or an opportunity for the Asian economies. Due to the size of its economy, its openness and the rapidity of its GDP growth, China is swaying the individual Asian economies as well as the regional economy. When a significant-size economy is growing almost three times as rapidly as the global economy, the neighboring economies cannot possibly expect to remain impervious. Various issues are analyzed in the paper, including foreign direct investment inflows and impacts, regional production networks, plausible scenarios for China and the remaining Asian economies, and strategy for coping with China's rapid development. Although some Asian economies and some sectors will face adverse effects-short- or long-term-of China's rapid growth, the apocalyptic predictions are grossly overdone. For the most part, the impact of China's rapid growth can be mutually beneficial. This is the conclusive idea of this paper.
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| 7 |
ID:
119776
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| 8 |
ID:
080476
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