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This book brings together studies conducted by researchers in East Asian countries who seek to better understand the impact of China's rise and the consequent policy challenges.The expert contributors illustrate that the rise of China and its integration with the rest of the world is one of the most important developments in the global economy. Over the past thirty years or so, China's economy has grown at nearly ten percent per annum with the expansion of the modern, export-oriented industrial sector, to become the third largest economy in the world and the second largest in trade. This book reviews the economic growth of East Asian countries since the 1990s and the various impacts that the rise of China has had on these countries. In particular, it addresses policy challenges faced in coping with the rise of China and maintaining economic growth.This timely book will strongly appeal to academics and researchers focusing on East Asia and China as well as those interested in international trade, development and economic growth.
Edited by the late Takatoshi Ito, formerly Professor, School of International and Public Affairs, Columbia University, US, Senior Professor, National Graduate Institute for Public Studies and RIETI and Chin Hee Hahn, Associate Professor of Economics, Gachon University, Seoul, Korea
Contents:IntroductionTakatoshi Ito and Chin Hee HahnPART I: CHINA AS A GROWTH ENGINE OF ASIA AND THE WORLD1. Post-1990s’ East Asian Economic GrowthDanny Quah2. China’s Economic Rise and its ImpactZhang Yunling3. China’s Rise and East Asian Economies: Towards a Sino-Centric Regional Grouping?John WongPART Ⅱ: IMPACTS ON KOREA’S ECONOMY4. Understanding the Post-Crisis Growth of the Korean Economy: Growth Accounting and Cross-Country RegessionsChin Hee Hahn and Sukha Shin5. The Economic Growth of Korea Since the 1990s: Identifying Contributing Factors from Demand and Supply SidesSeok-Kyun HurPART Ⅲ: IMPACTS ON KOREAN FIRMS AND WORKERS6. China’s Rise and Production and Investment Growth in Korean Manufacturing Industries: Channels and the EffectsChin Hee Hahn and Yong-Seok Choi7. The Impact of Outward FDI on Export Activities: Evidence from the Korean CaseSiwook Lee8. The Rise of the Chinese Economy and Korea’s Job GrowthDae Il KimPART Ⅳ: IMPACTS ON OTHER COUNTRIES9. The Rise of China and the Sustained Recovery of JapanShin-ichi Fukuda10. East Asian Production Networks and the Rise of ChinaFukunari Kimura11. The Rise of China and Structural Change in ThailandKanit SangsubhanIndex