The Oxford Handbook of the Economics of the Pacific Rim (Oxford Handbooks)

A Survey Of The Economy Of The Pacific Rim Region-- Introduction / Lnderjit Kaur And Nirvikar Singh -- Part I The Natural World: History, Climate, And Risks -- The History Of Biological Exploitation On The Pacific Rim / Eric Jones -- Climate Risk And Response In The Pacific Rim / David Roland-holst -- Natural Disasters And Economic Policy For The Pacific Rim / Llan Noy -- Part Ii People: Migration, Demographics, And Human Capital -- International Labor Migration In The Pacific Rim / Philip Martin -- Age Compositional Shifts And Changing Intergenerational Transfers In Selected Asian Countries / Naohiro Ogawa -- Human Capital Trends In The Pacific Rim / Anne Goujon -- Part Iii Perspectives On Economic Growth And Development -- Economic Growth And Performance On The Pacific Rim / Barry Bosworth And Susan M. Collins -- The New Structural Economics And Strategies For Sustained Economic Development In The Pacific Island Countries / Hinh T. Dinh And Justin Yifu Lin -- The Evolution Of Fiscal Developments And Policies In The Pacific Rim / Manmohan Singh Kumar, Nirvikar Singh, And Jaejoon Woo -- Part Iv Regional Governance And Trade Linkages -- Asia In Global Economic Governance / Wendy Dobson And Peter A. Petri -- Geoeconomics Versus Geopolitics: Implications For Asia / Devesh Kapur And Manik Suri -- The Political Economy Of Asia-pacific Trade Agreements / John Ravenhill -- Global Production Sharing And Trade Patterns In East Asia / Prema-chandra Athukorala -- Foreign Trade Of The Pacific-rim Economies / Kar-yiu Wong -- Part V Industry, Policy, And Innovation -- Are The Geese Still Flying? Catch-up Industrialization In A Changing International Economic Environment / Lnderjit Kaur -- Multinational Enterprises, Foreign Direct Investment, And The East Asian Economic Integration / Tzu-han Yang And Deng-shing Huang -- The Impact Of Industrial Policy On Asian Growth: An Example From Taiwan / Howard Pack -- Creative Industries: Socio-economic Transformation As The New Face Of Innovation / F. Ted Tschang -- The Road To Innovation In East Asia / Shahid Yusuf -- Part Vi Macroeconomics And Finance -- Asian Financial Crises / Anne O. Krueger -- The Impossible Trinity, The International Monetary Framework, And The Pacific Rim / Joshua Aizenman And Hiro Ito -- Rethinking Capital Account Liberalization / Maria Socorro Gochoco-bautista And Noli R. Sotocinal -- Asian Currencies In The Global Imbalance And Global Financial Crisis / Eiji Ogawa And Chikafumi Nakamura -- Rebalancing Of The World Economy And Asia / Menzie D. Chinn And Hrno Ito -- China's Financial Openness And Asset Return Linkages In East Asia / Reuven Glick And Michael Hutchison -- The Offshore Rmb Market In Hong Kong And Rmb Internationalization / Yin-wong Cheung And Hui Miao Edited By Inderjit N. Kaur And Nirvikar Singh. Includes Bibliographical References And Indexes. Cover THE ECONOMICS OF THE PACIFIC RIM Copyright CONTENTS ACKNOWLEDGMENTS LIST OF CONTRIBUTORS Introduction PART I THE NATURAL WORLD: HISTORY, CLIMATE, AND RISKS 1. The History of Biological Exploitation on the Pacific Rim 2. Climate Risk and Response in the Pacific Rim 3. Natural Disasters and Economic Policy for the Pacific Rim PART II PEOPLE: MIGRATION, DEMOGRAPHICS, AND HUMAN CAPITAL 4. International Labor Migration in the Pacific Rim 5. Age Compositional Shifts and Changing Intergenerational Transfers in Selected Asian Countries 6. Human Capital Trends in the Pacific Rim PART III PERSPECTIVES ON ECONOMIC GROWTH AND DEVELOPMENT 7. Economic Growth and Performance on the Pacific Rim 8. The New Structural Economics and Strategies for Sustained Economic Development in the Pacific Island Countries 9. The Evolution of Fiscal Developments and Policies in the Pacific Rim PART IV REGIONAL GOVERNANCE AND TRADE LINKAGES 10. Asia in Global Economic Governance 11. Geoeconomics versus Geopolitics: Implications for Asia 12. The Political Economy of Asia-Pacific Trade Agreements 13. Global Production Sharing and Trade Patterns in East Asia 14. Foreign Trade of the Pacific-Rim Economies PART V INDUSTRY, POLICY, AND INNOVATION 15. Are the Geese Still Flying? Catch-up Industrialization in a Changing International Economic Environment 16. Multinational Enterprises, Foreign Direct Investment, and the East Asian Economic Integration 17. The Impact of Industrial Policy on Asian Growth: An Example from Taiwan 18. Creative Industries: Socio-Economic Transformation as the New Face of Innovation 19. The Road to Innovation in East Asia PART VI MACROECONOMICS AND FINANCE 20. Asian Financial Crises 21. The “Impossible Trinity,” the International Monetary Framework, and the Pacific Rim 22. Rethinking Capital Account Liberalization 23. Asian Currencies in the Global Imbalance and Global Financial Crisis 24. Rebalancing of the World Economy and Asia 25. China’s Financial Openness and Asset Return Linkages in East Asia 26. The Offshore RMB Market in Hong Kong and RMB Internationalization Author Index Subject Index The Pacific Rim is a dynamic and diverse economic region, containing the world's three largest economies (US, China, and Japan), as well as many of the world's fastest growing and emerging market economies. Trans-Pacific economic exchange, including trade and capital movements, has been an important driver of the world economy, simultaneosly contributing to growth and global imbalances. Within the Asia-Pacific region there has been an increase in trade and investment, as well as the development of value chain linkages through outsourcing and foreign direct investment. The new debate in this region centers around managing this economic integration and the vagaries of globalization while supporting continued high growth. The Oxford Handbook of the Economics of the Pacific Rim provides institutional and historical perspectives on the Pacific Rim's unique economic situation, considers various dimensions of economic policies, and examines the growth process and specific challenges to growth. It discusses the key theme of regional economic integration in its many dimensions, including trade, investment, monetary coordination, crisis management, and value networks. The Pacific Rim is a dynamic as well as diverse economic region, containing the world's three largest economies (US, China and Japan, measured by GDP at PPP). Many of the world's fasting growing and emerging market economies lie in this region. This handbook begins with institutional and historical perspectives. It then goes on to consider various dimensions of economic policies, then examines the growth process and specific challenges to growth