Asian Regionalism in the World Economy: Engine for Dynamism and Stability

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Masahiro Kawai, Jong-Wha Lee, Peter A. Petri
Edward Elgar Publishing, Jan 1, 2010 - Political Science - 464 pages
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The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the dramatic t
 

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Contents

1 Asian growth and global stability
1
Productivity and Growth
11
2 Technology policy for sustained Asian dynamism
13
3 Will demographic change undermine Asias growth prospects?
70
liberalization deregulation structural reform
122
5 Regional trade agreements in integrating Asia
160
Innovation and Stability
207
6 Governance and financial integration in East Asia
209
9 Monetary policy and exchange rate stability in East Asia
309
Social and Political Frameworks
357
the view of Asian opinion leaders
359
11 How Asia can benefit from the European experience
386
prospects and lessons from East Asia
414
a case for decentralized institutions
446
14 Deepening Asian integration and the architecture for regional cooperation
476
Index
503

7 Patterns and determinants of financial integration in Asia
249
changing capital flows and foreign exchange reserves in Asia
279

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About the author (2010)

Masahiro Kawai is Dean of the Asian Development Bank Institute (ADBI). Prior to joining ADBI, Dr Kawai served as Head of ADB s Office of Regional Economic Integration (OREI) and Special Advisor to the ADB President. He also worked as Chief Economist for the World Bank s East Asia and the Pacific Region, and as Deputy Vice Minister of Finance for International Affairs of Japan s Ministry of Finance. He has served as a consultant at the Board of Governors of the Federal Reserve System and at the International Monetary Fund, a Special Research Advisor at the Institute of Fiscal and Monetary Policy in Japan s Ministry of Finance, and a visiting researcher at the Bank of Japan s Institute for Monetary and Economic Studies and at the Economic Planning Agency s Economic Research Institute. Dr Kawai has published a number of books and numerous articles on economic globalization, and regional financial integration and co-operation in East Asia. He received his PhD in Economics from Stanford University.

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