ASIAN ECONOMY AND FINANCE IBD

Sinopse

PrefaceAcknowledgmentsAbout the Author1: ASIAN ECONOMY: THE HERITAGE1.1 Past is Prelude to the Future1.2 Alternative Historical Perspective on Asian Economy1.3 Economic Linkages and Interactions in the Second Millennium1.4 Quantitative Dimensions of Growth1.5 Past Trends in Trade1.6 Industrial Revolution and Its Aftermath 1.7 Asian Economic ?Miracle? of the Post-War II Era1.8 Summary and Conclusion2: ECONOMIC DIVERSITY IN ASIA2.1 Heterogeneity2.2 High-Performing Economic Sub-Groups2.3 Regional Economies and Economic Groupings2.4 Japan-the Domineering Regional Economy 2.5 Contrasting the Two Populous Giants2.6 Newly Industrialized Asian Economies2.7 Southeast Asian Economies2.8 Post-Crisis Performance2.9 Summary and Conclusions3: MARKET-DRIVEN REGIONALIZATION IN ASIA3.1 Introduction3.2 Trends in Intra-Regional Trade and Investment3.3 Impact of Other RIAs on the Asia-Pacific Economies3.4 Need for Regional Co-operation in the Aftermath of the Crisis3.5 Impediments to Regionalization3.6 Conclusions and Summary4: CONTEMPORARY INITIATIVES IN INSTITUTIONALIZED REGIONAL INTEGRATION4.1 Regional Integration and the Global Economy4.2 Agglomeration or Clustering Effect4.3 Institutionalized Regional Economic Integration4.4 ASEAN-Plus-Three Grouping4.5 Asia-Pacific Economic Co-operation Forum4.6 Bilateral Trade Agreements4.7 Summary and Conclusion5: TRADE, COMPETITIVENESS AND FOREIGN INVESTMENT AND THE LINKAGES AMONG THEM 5.1 Outer-Orientation: The Strategic Stance5.2 Trade Performance5.3 Growing Cohesion in Trading Pattern5.4 Competitiveness in Global Market Place5.5 Regional Trends in FDI5.6 Integrated Production Networks and Refinement of Comparative Advantage 5.7 Outsourcing in ICT and Business-Process Services5.8 China?s WTO Accession and its Regional Ramifications5.9Summary and Conclusion6: FINANCIAL SECTOR DEVELOPMENT: STRUCTURE, INSTITUTIONS AND MARKETS6.1 Financial Sector: Chink in the Asian Armor6.2 The Quality Continuum6.3 Financial Market Structure and Country Classification6.4 Carrying out Financial Market Development6.5 Banking Sector6.6 Intermediate Financial Structure6.7 Bond Markets6.8 Regional Bond Market6.9 Equity Markets6.10 Risk Management6.11 Conclusions and Summary7: POST-CRISIS REGIONAL ECONOMIC COOPERAT1ON AND THE EMERGING FINANCIAL ARCHITECTURE7.1 Realistic Dimension of the Asian Crisis7.2 Launching the Chiang Mai Initiative7.3 Multilateral and Bilateral Swap Arrangements7.4 Future Challenges for the Chiang Mai Initiative7.5 Pros and Cons of Institutionalized Regional Cooperation7.6 Predilection for a Regional Financial and Monetary Institution7.7 Augmenting Foreign Exchange Reserves Holdings7.8 Monetary and Central Banking Cooperation7.9 Evolution of Exchange Rate Regimes7.10 Lessons from the EU Experience7.11 Monitoring and Surveillance 7.12 Summary and ConclusionsBibliographyIndex