Kar-yiu Wong - Böcker

It is difficult to overstate the growing importance of China and Asia in the global economy. Despite the sharp downturn experienced in the 1997 financial crisis, China and Asia have bounced back strongly in the new millennium and delivered solid economic growth. In this book, Ying-Wong Cheung and Kar-Yiu Wong have gathered together 35 renowned researchers from four continents to examine contemporary issues on the economic and financial interactions with a focus on China and Asia. Four broad areas are discussed. The first part deals with China and her interactions with other economies, the second with economic interactions within the region, the third with foreign exchange rate issues facing Asian economies, and the fourth with financial market development in the region. Within these chapters, some interesting results are explained, many of which differ from what is commonly believed. For example it is explained how exports from China and other Asian economies follow the "flying geese’ pattern and that these economies can grow in harmony; that appreciating the Asian exchange rates would not have much impact on their current account surpluses; that financial liberalization in Thailand did not create the short-term debt problem, which is believed to a major cause of the 1997 financial crisis. It is also described how developments in the US have very strong influences on Asian economies and that Mainland China was a less important source of external shocks than is commonly held.

An outstanding work, written to celebrate the seventieth birthday of Jagdish Bhagwati; the foremost defender of free trade and its role in developing economies in the world today, this rigorously academic and critical volume represents an important contribution to the understanding of many aspects of globalization. The editors, affiliated with four of the leading economics departments in the USA bring together a stellar line of contributors from across the world to discuss the themes and arguments raised by Bhagwati’s latest work.A renowned professor of economics and regarded as one of the foremost international trade economist of modern times, Jagdish Bhagwati has written or edited over forty books including In Defence of Globalization and Free Trade Today as well as being the founding editor of Economics and Politics and The Journal of International Economics. A tribute to the great intellectual accomplishments and the inspiration that Jagdish Bhagwati provided to the field during his prolific and influential career, this book is a must read for all students and academics studying or working in international trade and development economics.

It is difficult to overstate the growing importance of China and Asia in the global economy. Despite the sharp downturn experienced in the 1997 financial crisis, China and Asia have bounced back strongly in the new millennium and delivered solid economic growth. In this book, Ying-Wong Cheung and Kar-Yiu Wong have gathered together 35 renowned researchers from four continents to examine contemporary issues on the economic and financial interactions with a focus on China and Asia. Four broad areas are discussed. The first part deals with China and her interactions with other economies, the second with economic interactions within the region, the third with foreign exchange rate issues facing Asian economies, and the fourth with financial market development in the region. Within these chapters, some interesting results are explained, many of which differ from what is commonly believed. For example it is explained how exports from China and other Asian economies follow the "flying geese’ pattern and that these economies can grow in harmony; that appreciating the Asian exchange rates would not have much impact on their current account surpluses; that financial liberalization in Thailand did not create the short-term debt problem, which is believed to a major cause of the 1997 financial crisis. It is also described how developments in the US have very strong influences on Asian economies and that Mainland China was a less important source of external shocks than is commonly held.

An outstanding work, written to celebrate the seventieth birthday of Jagdish Bhagwati; the foremost defender of free trade and its role in developing economies in the world today, this rigorously academic and critical volume represents an important contribution to the understanding of many aspects of globalization. The editors, affiliated with four of the leading economics departments in the USA bring together a stellar line of contributors from across the world to discuss the themes and arguments raised by Bhagwati’s latest work.A renowned professor of economics and regarded as one of the foremost international trade economist of modern times, Jagdish Bhagwati has written or edited over forty books including In Defence of Globalization and Free Trade Today as well as being the founding editor of Economics and Politics and The Journal of International Economics. A tribute to the great intellectual accomplishments and the inspiration that Jagdish Bhagwati provided to the field during his prolific and influential career, this book is a must read for all students and academics studying or working in international trade and development economics.