Wendy Dobson - Böcker

The 1997–8 Asian financial crisis exposed weaknesses in the region’s national financial systems, but since then East Asia has become the world’s most dynamic economic region. Domestic financial systems have developed, cross-border financial flows within the region are growing apace as demand from governments and large firms increases and as the capabilities of financial institutions develop, and governments have initiated regional cooperation aimed at preventing future crises and managing them if they occur.This book examines the economies of Asia and the Pacific with reference to financial reform and liberalization, monetary policy frameworks, banking and capital markets, regulation and supervision and macroeconomic policies. Further, it asks what lessons have been learned from both the Asian financial crisis and the recent financial crisis, how to engender financial stability in the region, and how to ensure that the benefits of economic growth and financial development reach all members of society. Across four key sections, the chapters examine the future implications of historical studies of the relationships between financial development and growth; financial development including banks, non-bank financial institutions and capital markets; how financial stability is being sought in the region; and China’s plans for capital account opening and renminbi internationalization and subsequent the policy implications for China’s neighbours.This book draws on papers originally presented to the 36th Pacific Trade and Development Conference held in Hong Kong in 2013, and features contributions from leading academics and economists from around the world. As such, it will be of great interest to students and scholars of Asian economics, Asia Pacific studies, international economics and international finance.

The entire planet looks to Asian and other emerging markets to sustain growth momentum as traditional markets in the USA and Europe struggle with the slow and arduous processes of deleveraging after the global financial crisis. At the same time, there is growing recognition in Asia that the sources of growth must shift to sustain their own growth momentum in the years ahead. Heavy reliance on the region’s high savings rates and plentiful supplies of low-cost labour will have to shift towards increasing the human capital embodied in more educated and skilled labour forces capable of contributing to productivity growth and innovation as future drivers of growth.Human Capital Formation and Economic Growth in Asia and the Pacific focuses on why and how countries are making this shift. The demographic transition is shown to be a significant factor as ageing populations in Japan, South Korea and China manage declining growth in the labour force by stepping up investments in education, and by changing policies and institutions. Lessons to be learned from these experiences by more youthful populations in Southeast Asia are explored. In addition, attention is paid to the consequences of cross-border differentials in technical knowledge and the quantity and quality of human capital. Several implications for public policy and for international cooperation on human-capital issues in the Asian region are identified.The chapters in this volume are edited versions of papers presented at the 35th Pacific Trade and Development conference held in Vancouver, Canada, in June 2012. The conference goal was to better understand how governments and business in Asia and the Pacific can apply the key insight that one of the reasons economies grow is because of human-capital formation – the quality and diversity of the labour force are augmented – not just because the labour force grows in size. Students of Asia’s growth prospects will find several aspects of this volume of particular value. It includes chapters on the big-picture conceptual and measurement issues; on country experiences in meeting the imperatives of the demographic transition and investing in education and skills training; and on country experiences with attracting foreign knowledge and the supply and recruitment of skills across borders in Asia and the Pacific. Policymakers will also find useful the discussions of policy implications and the menu of issues requiring intergovernmental cooperation within the Asian region.

The HSBC Bank Canada Papers on Asia series was begun in 1995 to examine Canada's relationship with the East Asian economies and to reduce the information barriers resulting from distance and unfamiliarity in these markets. Six years on from the inception of the series, much has changed in the international environment. The Asian economies suffered a significant crash, a rapid rebound, only to slow again in 2000-2001. This, the sixth and last volume in the series, looks to the future. This new volume focuses on key issues facing the region that corporations and governments should understand, including East Asian regionalization initiatives, obstacles to continued rapid growth in China, aging and pension reform, and the changing security environment. In addition, the Canadian business performance six years on is re-evaluated. With contributions from leading scholars intimately familiar with both Canadian and East Asian business practices, these volumes are an indispensable resource for corporations and governments looking to expand their business into East Asia, or for anyone who wants to better understand Canada's complex relationship with the Asian countries.

This volume is the third in a series that examines Canada's economic relationships with the countries of East Asia. The purpose of this volume is to illuminate the links among the peoples of the region that Canadians needs to understand when doing business abroad or cooperating with East Asians in North America. The book's six papers examine the role of culture in institutional similarities and differences, both within East Asia and between East Asia and the west, the impact immigrants have on the receiving economy, the role of education and human capital in economic growth, and the role international linkages like trade, investment, cooperation and immigration play in the spread of knowledge.

This volume addresses the two key financing constraints that firms must face: taxation and finance. The taxation analysis focuses on how tax systems in selected Asian economies affect growth and the relative competitiveness of foreign and domestic enterprises. It outlines key features of the systems and provides a set of guidelines for potential foreign investors as to how these systems compare with each other (and with those in Canada and the United States) and predict future developments (including financial innovation and the internet).The study of financial frameworks focuses on corporate finance and analyzes the relationship between financing patterns and the level of development of securities markets and financial liberalization in the region. It focuses on the issue of how firms finance investments and the extent to which they depend on retained earnings and funding obtained through the market.Both studies include Japan, China, Hong Kong, Taiwan, Singapore, Korea, Indonesia, Malaysia, Thailand and Philippines. Both also consider the implications of taxation for savings and investment flows in domestic economies and across borders-and the implications of public sector demand for savings for corporate financing constraints.

The HSBC Bank Canada Papers on Asia series was begun in 1995 to examine Canada's relationship with the East Asian economies and to reduce the information barriers resulting from distance and unfamiliarity in these markets. Six years on from the inception of the series, much has changed in the international environment. The Asian economies suffered a significant crash, a rapid rebound, only to slow again in 2000-2001. This, the sixth and last volume in the series, looks to the future. This new volume focuses on key issues facing the region that corporations and governments should understand, including East Asian regionalization initiatives, obstacles to continued rapid growth in China, aging and pension reform, and the changing security environment. In addition, the Canadian business performance six years on is re-evaluated. With contributions from leading scholars intimately familiar with both Canadian and East Asian business practices, these volumes are an indispensable resource for corporations and governments looking to expand their business into East Asia, or for anyone who wants to better understand Canada's complex relationship with the Asian countries.

The 1997–8 Asian financial crisis exposed weaknesses in the region’s national financial systems, but since then East Asia has become the world’s most dynamic economic region. Domestic financial systems have developed, cross-border financial flows within the region are growing apace as demand from governments and large firms increases and as the capabilities of financial institutions develop, and governments have initiated regional cooperation aimed at preventing future crises and managing them if they occur.This book examines the economies of Asia and the Pacific with reference to financial reform and liberalization, monetary policy frameworks, banking and capital markets, regulation and supervision and macroeconomic policies. Further, it asks what lessons have been learned from both the Asian financial crisis and the recent financial crisis, how to engender financial stability in the region, and how to ensure that the benefits of economic growth and financial development reach all members of society. Across four key sections, the chapters examine the future implications of historical studies of the relationships between financial development and growth; financial development including banks, non-bank financial institutions and capital markets; how financial stability is being sought in the region; and China’s plans for capital account opening and renminbi internationalization and subsequent the policy implications for China’s neighbours.This book draws on papers originally presented to the 36th Pacific Trade and Development Conference held in Hong Kong in 2013, and features contributions from leading academics and economists from around the world. As such, it will be of great interest to students and scholars of Asian economics, Asia Pacific studies, international economics and international finance.

The entire planet looks to Asian and other emerging markets to sustain growth momentum as traditional markets in the USA and Europe struggle with the slow and arduous processes of deleveraging after the global financial crisis. At the same time, there is growing recognition in Asia that the sources of growth must shift to sustain their own growth momentum in the years ahead. Heavy reliance on the region’s high savings rates and plentiful supplies of low-cost labour will have to shift towards increasing the human capital embodied in more educated and skilled labour forces capable of contributing to productivity growth and innovation as future drivers of growth.Human Capital Formation and Economic Growth in Asia and the Pacific focuses on why and how countries are making this shift. The demographic transition is shown to be a significant factor as ageing populations in Japan, South Korea and China manage declining growth in the labour force by stepping up investments in education, and by changing policies and institutions. Lessons to be learned from these experiences by more youthful populations in Southeast Asia are explored. In addition, attention is paid to the consequences of cross-border differentials in technical knowledge and the quantity and quality of human capital. Several implications for public policy and for international cooperation on human-capital issues in the Asian region are identified.The chapters in this volume are edited versions of papers presented at the 35th Pacific Trade and Development conference held in Vancouver, Canada, in June 2012. The conference goal was to better understand how governments and business in Asia and the Pacific can apply the key insight that one of the reasons economies grow is because of human-capital formation – the quality and diversity of the labour force are augmented – not just because the labour force grows in size. Students of Asia’s growth prospects will find several aspects of this volume of particular value. It includes chapters on the big-picture conceptual and measurement issues; on country experiences in meeting the imperatives of the demographic transition and investing in education and skills training; and on country experiences with attracting foreign knowledge and the supply and recruitment of skills across borders in Asia and the Pacific. Policymakers will also find useful the discussions of policy implications and the menu of issues requiring intergovernmental cooperation within the Asian region.

The rapid growth, diversity and strategic importance of the emerging Chinese and Indian economies have fired the world's imagination with both hopes and fears for the future. Wendy Dobson's perceptive analysis of changing institutions, demographics, and politics paints a thoughtful and surprising picture of India and China as economic powerhouses in the year 2030. Examining past events and current trends, Gravity Shift offers bold predictions of the changes we can expect in key economic and political institutions in China and India, changes that will inform and shape tomorrow's business decisions.Dobson's work anticipates that by 2030, China's economy will be larger than those of the United States, India, and Japan, though its population will be ageing and its growth slowing. India will also come into its own, making major strides in modernizing its vast rural population, vanquishing illiteracy, and emerging as an innovative manufacturing powerhouse. A China-India free trade agreement could well become the foundation of a cooperative Asian economic community. As the world re-evaluates business practices in the wake of the global economic crisis, Gravity Shift provides a clear vision of how India and China will reshape the Asian region, to inform and transform global economic institutions.

The rapid growth, diversity and strategic importance of the emerging Chinese and Indian economies have fired the world's imagination with both hopes and fears for the future. Wendy Dobson's perceptive analysis of changing institutions, demographics, and politics paints a thoughtful and surprising picture of India and China as economic powerhouses in the year 2030. Examining past events and current trends, Gravity Shift offers bold predictions of the changes we can expect in key economic and political institutions in China and India, changes that will inform and shape tomorrow's business decisions.Dobson's work anticipates that by 2030, China's economy will be larger than those of the United States, India, and Japan, though its population will be ageing and its growth slowing. India will also come into its own, making major strides in modernizing its vast rural population, vanquishing illiteracy, and emerging as an innovative manufacturing powerhouse. A China-India free trade agreement could well become the foundation of a cooperative Asian economic community. As the world re-evaluates business practices in the wake of the global economic crisis, Gravity Shift provides a clear vision of how India and China will reshape the Asian region, to inform and transform global economic institutions.

Until the global financial crisis, China was thought to be decades away from overtaking the United States as the world’s largest economy. But while the US skirted economic stagnation, China was able to successfully navigate the crisis, and its growth continues to accelerate. Has the time arrived to re-evaluate our assumptions about the current world order? Will China openly contest the United States’ status, unchallenged since the Second World War, as a world leader? Will conflict be inevitable, or would its costs be unthinkable in a globalized world economy?Partners and Rivals,  the latest book from acclaimed economist Wendy Dobson, examines the central role that China and the United States will play on the global stage in the next half-century. Dobson provides a balanced and accessibly written understanding of China’s domestic challenges, as well as an analysis of both the United States and China’s goals on the world stage. Demonstrating why neither power will be able to dominate the other, the book emphasizes that they will need to cooperate and work together in the coming decades because of their deep economic interdependence.

Living with China urges Canadians to adopt a forward-looking China strategy that recognizes the significance of China’s history and values for its development model of authoritarian state capitalism and managed markets. Market reforms will be key drivers of China’s long-term growth, yet Chinese policy is ambivalent about the potential dangers of spontaneous market forces undermining the Party’s central goal of political stability. The tensions between market forces and state intervention and between political and economic goals are identified in the book’s early chapters that outline what Canadians need to know about the Chinese economy. The book also examines how Chinese enterprises are going global through direct investments and participation in the dynamic but troubled Belt and Road Initiative. In an environment of rising tensions over trade and technology – evident in negotiating the USMCA with the United States and doing business with Huawei, the China-based telecommunication giant – Canada needs a China strategy. Living with China is one of the first comprehensive volumes on a forward-looking Canada-China strategy. The recommended strategy includes more leadership from top officials, building a Canada brand, strengthening our international human capital, addressing security issues, and negotiating bilateral trade and investment liberalization. Dobson also acknowledges the importance of addressing such key issues as intellectual property protection, cybersecurity, and value differences such as respect for individual rights.