The Usa And The Rise Of East Asia Since 1945: Dilemmas Of The Postwar International Political Economy (international Political Economy Series)

'Incisive and insightful, analytic and synthetic, Jacques Hersh's excellent book is like a guide through the maze of modern times.' Stuart Holland, European University Institute, Florence. The book offers an interpretation of the international political economy focusing on the opportunities and constraints which the leading members of the capitalist system have to confront. Not disregarding the significance of the presently marginalised Third World, the underlying theme relates to the secular tendency of uneven development between major core nations. This trend accelerated during the era of US 'benevolent hegemony', resulting in the creation of surplus production capacity: a problem exacerbated by the growth of the NICs in East Asia 1. The Reorganisation Of The Postwar World System And The Imposition Of 'benevolent' Hegemony -- The Roosevelt Approach -- The Marshall Plan -- The Idea Of A Unified Europe -- Emerging European Competition -- Atomic Diplomacy And The Far East -- Us-imposed Reforms In Japan -- Revitalising Japan: A Cornerstone Of Us Asian Policy -- Southeast Asia As Hinterland -- Creating The Basis For Japan's Export-led Industrialisation -- The Korean War And Absorption Of Production -- Early Us-japanese Political And Economic Frictions -- Uneven Development And Us Decline -- 2. The International Environment And The East Asian Export-oriented Economics -- The Dollar-gold Crisis -- The Third World Dimension: Between Import-substitution And Export Orientation -- Export-led Industrialisation In East Asia: The Background -- The Japanese Heritage -- The Different Background Of The Asean Countries -- The Peripheralisation Of East Asia: Japan's Hinterland -- Future Prospects For The Outward-oriented Strategy -- 3. International Political Economy In The Twilight Zone -- The Erosion Of Postwar Complementarity -- The Dysfunctioning Of Foreign Trade And The Rise Of Protectionism -- Militarisation Of Political Economy -- Us Policy Navigating Between Europe And Asia -- The Geopolitical Dimension In The Evolution Of East Asia -- The New Soviet Approach -- 4. Future Prospects -- Japan On The Centre Stage -- Countercurrents: Transnationalisation And Nationalism -- Different Scenarios Of The New World Order -- The Impact Of The Russian Factor -- An Unstable World Without The Cold War -- Bibliography -- Index. Jacques Hersh. Includes Bibliographical References (p. 159-169) And Index. Front Matter....Pages i-xii The Reorganisation of the Postwar World System and the Imposition of ‘Benevolent’ Hegemony....Pages 1-37 The International Environment and the East Asian Export-Oriented Economies....Pages 39-73 International Political Economy in the Twilight Zone....Pages 75-128 Future Prospects....Pages 129-152 Back Matter....Pages 153-174