This book focuses on the tremendous shift in both economic growth and development progress taking place towards the Asia-Pacific Region. Each of the countries in the region has various concerns and challenges for its sustainable development, a common goal most of them are trying to achieve at the moment. Interestingly, sustainable development in the region may be critical for achieving sustainable development at the global level as well. With a limited mandate, the book covers some specific developmental issues of 'the hot spots' of APR that are regarded to be contributing to their sustainable development. The book also looks at the formation and strengthening of some economic and financial initiatives with the potentials to affect growth and influence economic cooperation and integration of the countries in the region.-- Provided by publisher

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zlib/Society, Politics & Philosophy/Government & Politics/Banik, Arindam; Barai, Munim Kumar; Suzuki, Yasushi/Towards a common future : understanding growth, sustainability in the Asia-Pacific Region_3377233.pdf

Banik, Arindam; Barai, Munim Kumar; Suzuki, Yasushi

Banik, Arindam; Kumar Barai, Munim; Suzuki, Yasushi

Arindam Banik; Munim Kumar Barai; Yasushi Suzuki

Adobe InDesign CC 2017 (Windows)

Kun Li

Springer Science + Business Media Singapore Pte Ltd

Springer Nature Singapore

Puchong Selangor D.E Erscheinungsort nicht ermittelbar, 2017

Springer Nature, Singapore, 2017

Sep 22, 2017

lg2135558

producers:
Adobe PDF Library 15.0

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Source title: Towards A Common Future: Understanding Growth, Sustainability in the Asia-Pacific Region

Dedication 5
Preface and Acknowledgments 6
Contents 9
Notes on Editors and Contributors 12
List of Boxes 20
List of Figures 21
List of Tables 23
Part I: Introduction 25
Chapter 1: Introduction 26
Understanding Growth and Sustainability in the APR 28
Towards a Common Future 33
Problems on Their Way: Challenges 36
Structure of the Book 38
References 41
Part II: China: How Dragon Creates a New Paradigm of Development 42
Chapter 2: China’s ‘New Normal’: Explaining China’s Economic Development from Institutional and Marxian Perspectives 43
Introduction 43
The NIE Versus Marxian Views on China’s Economic Transformation 45
The NIE View 45
The Egalitarian View 48
The Way Forward 51
How Innovative Is the Chinese Economy? 53
Enlarging the Inequality 57
Concluding Comments 59
References 61
Chapter 3: Opening Up and Unbalanced Development in the Chinese Regions: Theoretical Thinking and Some Empirical Evidence 64
Introduction 64
A Theoretical Model 65
Discussions and Empirical Results 70
Concluding Remarks 74
Appendix 75
References 77
Chapter 4: The “Belt and Road” Initiative and Economic Integration 80
Introduction 80
The Nature of the B&R Initiative 82
The B&R Initiative and Infrastructure Investment 84
The Two Silk Roads 84
China’s Experience and Track Record 85
The Financing of High-speed Railway 86
The B&R Initiative and Foreign Trade 89
Time, Distance, and Transport Cost 90
Preferential Trade Treatment 93
The Pure Import Case 93
The Strategic Case 95
The Intra-industry Trade Case 96
The B&R Initiative and the Local Economy 98
The Initiative and Macroeconomics 98
The Initiative and Economic Growth 99
Concluding Remarks 101
Appendix 102
References 107
Part III: India: Elephant Rises at Last 108
Chapter 5: Is India Key to Asian Financial Integration? 109
Introduction 109
Regional Integration Trends 113
India and Asian Financial Integration: An Analysis 114
Economic Freedom 115
Portfolio Investment 116
Foreign Direct Investment 117
Sub-regional Integration in Asia 120
Conclusion 123
References 124
Chapter 6: A Sustainable Business Model: Experiences of Indian Micro Enterprises 126
Introduction 126
Building on Prior Research 128
Methodological Aspects 129
Cluster Findings 131
Discussion and Conclusion 134
References 137
Chapter 7: Creation of Shared Values by Indian Enterprises 139
Introduction 139
Evolution of Corporate Social Responsibility (CSR) to Creation of Shared Values (CSV) 140
Corporate Social Responsibility and Creation of Shared Values in India 143
Case Studies 145
Information Technology (IT) 145
Pharmaceutical Industry 146
Banking Industry 147
Automobile Industry 149
Extraction and Metal Industry 150
Other Industries 151
Concluding Observations 151
References 153
Part IV: Japan: A Perplexing Future 154
Chapter 8: The Two Asian Paths of Prosperity and Stagnation: Japan and India 155
Introduction 155
The Japanese Economy: Present Scenario Replicating the Recent Past 156
What Were the Underlying Forces? 158
Can Abenomics Come to the Rescue? 161
Japanese Stagnation: A Myth? 163
Escape from the Cycle 165
Is India Better-off? 165
Indian Policy Initiatives that Fuelled Growth 167
Comparison with the Incomparable? 167
Conclusion 169
References 170
Chapter 9: India-Japan Cultural Distance on the Mottainai Ethics 171
Introduction 171
Mottainai Ethics on Consumption 173
Veblen’s Insight on Consumption and the Mechanism of Envy-Avoidance 176
Research Framework: Interviews with Japanese Expatriates Managing JVs in India 179
Analysis and Discussion 182
Concluding Comments 184
References 185
Chapter 10: Economic Interdependence of Japan and China: An Understanding 187
Introduction 187
Previous Discussion on the Issue 189
Growth of Economic Interdependence Between Japan and China 191
Investment 192
Trade 195
Portfolio and Bond Investment 199
Official Development Assistance (ODA) 199
Tourism 200
But a Fear of Economic Divergence Is Growing 201
Factors that Should Shape the Future Relationship 204
Economic Condition of Both Countries 204
The Role of Japanese MNCs with Production Bases in China and Their Investment Direction 205
Japan’s Deepening Relationship with SCS Rim Countries, India, and Australia 205
The Role of the USA 206
China’s Pattern of Response to the Developments 207
China and Japan Need Each Other 207
Conclusion 208
Appendix 211
References 213
Part V: Asian Parallels: Putting Asian Economies in Perspective 215
Chapter 11: The Korean Economy: Creating Space Between China and Japan 216
Introduction 216
Current Status of the Korean Economy 217
Performance of the Korean Economy 217
Recent Economic Slowdown of the Korean Economy 219
Conversion of Economic Relations with China 224
Mutually Supplementary Structure 224
Shift to a Competitive Structure 227
Dependency and Competition with the Japanese Economy 230
Creating Space Between China and Japan 236
“A Nut in a New Nutcracker” 236
Creating Space in a “New Nutcracker” 237
Conclusion 239
References 240
Chapter 12: Economic Growth as a Cause of Environmental Degradation: The Australian Experience 241
Introduction 241
Theory and Evidence 243
The Australian Experience 246
Conclusion 247
Appendix 248
References 262
Chapter 13: Republic of China’s (Taiwan) Control Yuan As a Participant in Anti-corruption and Integrity-building Initiatives 265
Introduction 265
Methodology 267
Literature Review 268
Discussion 268
Conclusion 281
References 286
Chapter 14: Real Exchange Rate, Trade Balance and Deindustrialization in Indonesia 287
Introduction 287
Brief Overview of the Indonesian Economy 293
Economic Performance 293
Financial Sector Background 295
Other Market Controls by the Central Bank Important for Trade 297
Concepts and Methods 300
Results and Discussions 302
Conclusion 305
References 307
Part VI: Pacification of Asia and Economic Cooperation 309
Chapter 15: Some Emerging Trends in the Pacification of Asia 310
Introduction 310
Development Versus Non-development 314
Commodification of Labour 316
A Shared Culture of Consumption 319
Trade and Nation Building 320
Conclusion 321
References 323
Chapter 16: Asian Infrastructure Investment Bank: Role and Implications for Emerging Asian Economies 325
Introduction 325
Backdrop of Asia Forming a New Bank 326
Infrastructure Investment in the Asia-Pacific Region 328
The AIIB Framework 334
Current Scenario on the Initiative 336
Conclusion 337
References 338
Part VII: Conclusion 339
Chapter 17: Conclusions 340
Index 352

Front Matter ....Pages i-xxviii
Front Matter ....Pages 1-1
Introduction (Arindam Banik, Munim Kumar Barai)....Pages 3-18
Front Matter ....Pages 19-19
China’s ‘New Normal’: Explaining China’s Economic Development from Institutional and Marxian Perspectives (Yasushi Suzuki, Mohammad Dulal Miah)....Pages 21-41
Opening Up and Unbalanced Development in the Chinese Regions: Theoretical Thinking and Some Empirical Evidence (Yanqing Jiang)....Pages 43-58
The “Belt and Road” Initiative and Economic Integration (Kar-yiu Wong)....Pages 59-86
Front Matter ....Pages 87-87
Is India Key to Asian Financial Integration? (Paramita Mukherjee)....Pages 89-105
A Sustainable Business Model: Experiences of Indian Micro Enterprises (Rabi N. Kar, Minakshi Kar, Amrita Kaur)....Pages 107-119
Creation of Shared Values by Indian Enterprises (Vijay Kumar Kaul)....Pages 121-135
Front Matter ....Pages 137-137
The Two Asian Paths of Prosperity and Stagnation: Japan and India (Sahana Roy Chowdhury)....Pages 139-154
India-Japan Cultural Distance on the Mottainai Ethics (Yasushi Suzuki, Rabi N. Kar)....Pages 155-170
Economic Interdependence of Japan and China: An Understanding (Munim Kumar Barai)....Pages 171-198
Front Matter ....Pages 199-199
The Korean Economy: Creating Space Between China and Japan (Chung Mo Koo)....Pages 201-225
Economic Growth as a Cause of Environmental Degradation: The Australian Experience (Imad A. Moosa)....Pages 227-250
Republic of China’s (Taiwan) Control Yuan As a Participant in Anti-corruption and Integrity-building Initiatives (Olga Y. Adams)....Pages 251-272
Real Exchange Rate, Trade Balance and Deindustrialization in Indonesia (Fithra Faisal Hastiadi, Amelia Nurunnisa)....Pages 273-294
Front Matter ....Pages 295-295
Some Emerging Trends in the Pacification of Asia (A. Mani)....Pages 297-311
Asian Infrastructure Investment Bank: Role and Implications for Emerging Asian Economies (Arindam Banik, Rajashri Chatterjee, Tirthankar Nag)....Pages 313-326
Front Matter ....Pages 327-327
Conclusions (Munim Kumar Barai, Arindam Banik)....Pages 329-340
Back Matter ....Pages 341-355

2017-10-15