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.
Takatoshi Ito and Chin Hee Hahn
PART I: CHINA AS A GROWTH ENGINE OF ASIA AND THE WORLD
1. Post-1990s’ East Asian Economic Growth
2. China’s Economic Rise and its Impact
3. China’s Rise and East Asian Economies: Towards a Sino-Centric Regional Grouping?
PART ?: IMPACTS ON KOREA’S ECONOMY
4. Understanding the Post-Crisis Growth of the Korean Economy: Growth Accounting and Cross-Country Regessions
Chin Hee Hahn and Sukha Shin
5. The Economic Growth of Korea Since the 1990s: Identifying Contributing Factors from Demand and Supply Sides
PART ?: IMPACTS ON KOREAN FIRMS AND WORKERS
6. China’s Rise and Production and Investment Growth in Korean Manufacturing Industries: Channels and the Effects
Chin Hee Hahn and Yong-Seok Choi
7. The Impact of Outward FDI on Export Activities: Evidence from the Korean Case
8. The Rise of the Chinese Economy and Korea’s Job Growth
Dae Il Kim
PART ?: IMPACTS ON OTHER COUNTRIES
9. The Rise of China and the Sustained Recovery of Japan
10. East Asian Production Networks and the Rise of China
11. The Rise of China and Structural Change in Thailand