Trade And Capital Flow Among Asian Economies

Author : Chris Rowley
Publisher : Routledge
ISBN 13 : 1317969286
Total Pages : 183 pages
Book Rating : 4.80/5 ( download)

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Download or read book Trade and Capital Flow among Asian Economies written by Chris Rowley and published by Routledge. This book was released on 2013-10-18 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trade and capital are important in the Asia region. Trade in the APEC region has been increasing, but the large rise in China’s exports has also been disturbing as it exhibits export substitution. The first two papers conclude that every economy has gained in trade, though some are more successful than others. And that rise in export has a lot to do with a rise in foreign direct investments. Macroeconomic stability is the pre-condition to growth. Empirical studies show that the lack of stability has encouraged capital to flee an economy. Similarly, a market-oriented, price-driven and matured financial market provides an alternative source of funding. The lesson in economic development is that success in economic growth requires both an externally friendly market environment as well as consistent and favourable internal policies.

Author : Pierre-Bruno Ruffini
Publisher : Presses universitaires de Rouen et du Havre
ISBN 13 : 9782877757324
Total Pages : 276 pages
Book Rating : 4.23/5 ( download)

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Download or read book International Trade and Capital Flows in Economic Restructuring and Growth: East Asian experiences written by Pierre-Bruno Ruffini and published by Presses universitaires de Rouen et du Havre. This book was released on 2002-01-01 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Touchées en 1997 par une crise d'une ampleur inégalée, les économies d'Asie de l'Est ont été contraintes d'adapter leurs appareils de production et leurs régimes de change, et de redéfinir leur position sur l'échiquier de la mondialisation. Le livre, écrit en anglais, analyse les mécanismes de reconstruction indispensables à la survie et au développement de ces économies.

Author : Anthony Bende-Nabende
Publisher : Routledge
ISBN 13 : 1351926500
Total Pages : 264 pages
Book Rating : 4.08/5 ( download)

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Download or read book International Trade, Capital Flows and Economic Development in East Asia written by Anthony Bende-Nabende and published by Routledge. This book was released on 2017-03-02 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides an understanding of how international trade and capital flows have engineered the development process in East Asia, and examines the real and potential challenges that the region is expect to encounter in the twenty-first century. It integrates four topics (i.e. capital flows, East Asia, globalization and economic development) that are at the centre of the social, political and economic debate. The text highlights the region's growing strategic importance in the twenty-first century globalizing world, where transnational corporations are playing an increasingly decisive role in the global distribution of production and trade. It blends generalised regional analyses with country-specific case studies in the world's most dynamic region. It is so well designed that each of the seventeen countries that comprise the region gets some space for discussion. Thus, the text is a valuable contribution to the social science and business literature, with a special focus on the now strategic region of East Asia.

Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226386996
Total Pages : 414 pages
Book Rating : 4.97/5 ( download)

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Download or read book Macroeconomic Linkage written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-02-15 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.

Author : Jagdish Handa
Publisher : World Scientific
ISBN 13 : 9814462128
Total Pages : 284 pages
Book Rating : 4.29/5 ( download)

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Download or read book Studies in East Asian Economies written by Jagdish Handa and published by World Scientific. This book was released on 2011-07-29 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book includes three economic/econometric studies on four East Asian countries (Indonesia, Malaysia, Philippines and Thailand) and two studies on China. The four East Asian economies, designated at one time as ‘economic tigers’, provide important and interesting case studies on periods of very rapid growth with heavy capital inflows, followed by financial and economic crises. The three studies on these countries examine the impact of heavy capital inflows on growth, real exchange rates and the conduct of domestic monetary policy during the period 1970–96, which immediately preceded their financial crises of 1997–98. At a more general level, they shed light on the contributions that capital inflows make to small open economies and how these inflows impact on their exchange rates and monetary policies. The two studies on China examine the adequacy of capital flows to it and its monetary policies. In recent years, while China has been among the biggest recipients of capital inflows, our study on it finds that these inflows are still considerably short of the amounts that perfect capital flows would imply. Regarding China's pursuit of monetary policy, our study is the first one to question whether interest rates or monetary aggregates are appropriate instruments for the control of the economy. Our finding is that its large informal sector and black money holdings make the use of monetary aggregates the more appropriate policy instrument. This finding contrasts with the usual one for financially developed economies that interest rate targeting and a Taylor rule provide the applicable monetary policy framework. Contents:Capital Inflows and Growth: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Capital Flows and Real Exchange Rate Behavior: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Capital Flows and Monetary Policy: Evidence from Pre-Crises ASEAN Economies (Shibeshi Ghebre Kahsay and Jagdish Handa)Assessing International Capital Mobility: Evidence from China (Jagdish Handa, Jie Lin and Helei Wang)Optimal Monetary Policy Instruments and Rules: Evidence from China (Shen Guo, Shengzu Wang and Jagdish Handa) Readership: Graduate students, policy makers and researchers in developmental economics, SEA economies, monetary policy, capital flows and their impact on growth. Keywords:International Capital Mobility;Monetary Policy;Exchange Rates;Economic Growth;Taylor Rule;East Asian Economies;ChinaKey Features:Using Indonesia, Malaysia, Philippines and Thailand for case studies, this book provides a rare in-depth study on the impact of capital inflows and their impact on exchange rates, monetary policy and growth for small open economies, in the transition from a less developed stage to a more developed one. Using China as a case study, this book also provides a rare insight into the extent of capital flows and the formulation of monetary policy for a large, less developed economy in its transition to becoming a developed economy. There are almost no competing studies employing rigorous econometric techniques on these topics for developing economies

Author : Juthathip Jongwanich
Publisher : Flipside Digital Content Company Inc.
ISBN 13 : 981478608X
Total Pages : 180 pages
Book Rating : 4.89/5 ( download)

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Download or read book Capital Mobility in Asia written by Juthathip Jongwanich and published by Flipside Digital Content Company Inc.. This book was released on 2018-02-14 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since the East Asian financial crisis it has been recognized that emerging market economies are vulnerable to both excessive inflows of capital and sudden outflows. This book presents new research on the determinants and effects of capital flows as well as the effectiveness of capital control policies in dealing with volatile capital flows in emerging Asian countries. It examine three issues related to capital movements in Asia: (1) the key factors determining such mobility; (2) the impact of capital movements in a home country, especially on real exchange rates; and (3) the effectiveness of capital account policies.

Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226387011
Total Pages : 404 pages
Book Rating : 4.17/5 ( download)

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Download or read book Regional and Global Capital Flows written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-02-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly "globalized." Here Takatoshi Ito and Anne O. Krueger, two leading experts on this topic, have assembled a group of scholars who address different types of capital flows—bank lending, bonds, direct foreign investment—and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model for policy makers everywhere in thinking about the role of private capital flows.

Author : Debashis Chakraborty
Publisher : Routledge
ISBN 13 : 1317207823
Total Pages : 416 pages
Book Rating : 4.25/5 ( download)

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Download or read book Trade, Investment and Economic Development in Asia written by Debashis Chakraborty and published by Routledge. This book was released on 2016-05-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: In an era of globalization, trade in goods and cross-border services and capital flows play a key role in determining the economic growth path of countries. Over the last two decades, countries have embarked on several alternate tracks to liberalize and deepen their linkage with the world economy. The growing trade-investment nexus and the emerging developments lead to deeper international production networks, rise in cross-border trade in services and in regional trade agreements and so on. The debate of whether it is possible to empirically validate the potential benefits of this deepening trade-investment linkage is ongoing. The evidence in literature is, however, ambiguous. This book contributes to the literature by looking at Asian economies and at the EU, Maghreb countries and Pacific Island economics. It examines the issues under four broad areas, namely: (1) trade: theoretical and policy issues, (2) factor flows: impact on trade and welfare, (3) impact of trade and factor flows on environment and (4) institutions, international trade and policy issues.

Author : Martin Feldstein
Publisher : University of Chicago Press
ISBN 13 : 0226241807
Total Pages : 500 pages
Book Rating : 4.07/5 ( download)

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Download or read book International Capital Flows written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.

Author : Ramkishen S. Rajan
Publisher : World Scientific
ISBN 13 : 9812791493
Total Pages : 273 pages
Book Rating : 4.98/5 ( download)

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Download or read book Asia in the Global Economy written by Ramkishen S. Rajan and published by World Scientific. This book was released on 2008 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is unique about this book? This book is intended for undergraduates, graduates and scientists in general. It introduces certain topics of natural products which are only taught in institutes of higher learning. Despite the fact that there exists a vast literature devoted principally or entirely to naturally occurring compounds, there are very few books or monographs of moderate length that provide an overall view of the field. There are many aspects of natural products that deserve a special emphasis that is unlikely to be encountered in a conventional course of organic chemistry. Among them are biosynthesis; metabolic transformations; and physiological and biological properties of some of the natural products. The field of the chemistry of natural products is so immense that it embraces an almost limitless scope of the compound types. This book contains specialized work that describes the chemistry of separate classes of compounds such as steroids, terpenes, alkaloids, sugars, carotenoids, fatty acids and so on. It also includes data on compounds isolated from various classes of organisms such as, lichens, bacteria, fungi are treated in special monographs. The topics in this book are unlikely to be found in general chemistry courses. The book covers the following topics of natural products: cannabinoids, toxic constituents from marine sources, natural sweeteners, generation of wines, biological markers, pheromones of insects and mammals, pest management and secondary natural chemicals formed by microorganisms. Among the authors of the reviews is Professor Raphael Mechoulam who received the Israel Prize for his work on active constituents (cannabinoids) of the Cannabis plant and Professor Douglas Kinghorn from University of Chicago who is the chief editor of "Journal of Natural Products."