In the coming decades, East Asian economies must face the challenges of an increasingly globalized marketplace. This book explores the changing parameters of competition in East Asia, and argues that success ultimately will depend on the ability of the region's firms to harness the potential of global production networks and to build their own innovative capability. Presenting the latest findings on global production networks and the evolution of technological capabilities, it provides researchers, students, and policymakers with in-depth information and analysis on key issues related to growth and development in East Asia. East Asian firms must not only achieve greater efficiency but also become more innovative, offering differentiated products in order to vie with other first-tier suppliers of multinational corporations. These firms will also need to develop a technological edge if they are to compete with corporations from the leading OECD countries and form their own global production networks. 'Global Production Networking and Technological Change in East Asia' argues that a development strategy linked to technological advance will be necessary to foster the growth of innovative national firms that can remain competitive in global markets.

The global economic system is experiencing a profound period of rapid change. The emergence of globalised production and distribution systems, which bring together diverse constellations of economic actors through a complex regime of global corporate governance, state regulation and new international divisions of labour, demands corresponding and innovative explanatory models. Global value chains (GVCs) and global production networks (GPNs) have been particularly useful as conceptual frameworks for understanding the global market engagement of firms, regions and nations. This book examines the rise of GVCs and GPNs as dominant features of the international political economy. It brings together leading thinkers in the field and sets out new directions for future scholarship in understanding the contemporary global economic system. In doing so, this book makes a significant contribution to our understanding of the international political economy and the global economic system in the post-Washington Consensus era of contemporary capitalism. This book was published as a special issue of the Review of International Political Economy.

These crochet jackets from Coats & Clark let you change your wardrobe whenever you change your mood. Is it a day for quick decisions and getting things done? Toss on Confident, a button-down coat with a hem that cruises below the hip. If being Serene is more your thing, then mix a playful puff stitch with shades of green to create a jacket as peaceful as a forest retreat. Hunting for a way to buck the trends? The Bold jacket is camo-inspired, but it won t let you get lost in a crowd. Romantic is a cropped hoodie that hugs your shoulders and frames your face with soft bobbles. 4 jackets to crochet: Confident by Angel Rhett (sizes 8, 10, 12) ; Serene and Romantic, both by Ann E. Smith (sizes S, M, L, XL) ; and Bold by Kathleen Sams (sizes S, M, L) .

For several decades, fast-growing East Asia has been the envy of the developing world. Not only has East Asia outperformed all other regions of the world, but it also recovered surprisingly swiftly from the 1997–98 Asian financial crisis and the 2008–09 global financial crisis. Nevertheless, investment in the region remains subdued relative to pre-Asian crisis levels. Are current investment rates too low and, given greater investment, could the region grow even more rapidly? This book brings together a rich array of papers analyzing the determinants of, and impediments to, investment and growth. It discusses a range of issues bearing on investment and development. The chapters cover domestic and international economic, institutional and political factors, including the role of foreign direct investment, and the importance of public infrastructure, fiscal policy and export-oriented growth strategies. Trade and trade policy, in particular, are emphasized, with contributions ranging from an analysis of global production networks in electronics manufacturing, to the effects and implications of economic integration in the Mekong states. The chapters provide a healthy blend of theoretical and empirical analysis and offer a range of useful policy proposals. This book will be of interest to policy-makers, students and scholars of Asian economics and development economics alike.

Significant historical and geographical differences account for the many processes and trajectories of regional development in East Asia. These historical and geographical specificities in East Asia have prompted serious re-examination of existing theories in regional development, and in particular the "new regionalism" approach associated with such ideas as the learning region, institutional thickness, relational assets, and regional innovation system. This book brings together a group of leading researchers specializing in local and regional development in East Asian economies. Through in-depth empirical studies of specific regions and localities, these authors offer fresh and innovative perspectives on how regions evolve and develop over time in the world’s most dynamic macro-regional economy. In particular, their work points to the critical importance of local and trans-local processes in shaping regional development trajectories. The book is timely given that the debate on the nature and dynamics of regional development in both academic and policy circles has now moved on. From the earlier focus on endogenous regional assets (such as localized networks of association and trust), scholars and policymakers are now analyzing the complex relationship between economic globalization and regional change. This high calibre collection makes a significant contribution to the literature on local and regional development in Asia and provides an important resource for researchers, students, and policy makers interested in East Asia. This book was published as a special issue of Regional Studies.

An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.

Multinational Corporations and the Emerging Network Economy in Asia and the Pacific delves into the ongoing rise of a global economy anchored in a web of inter-firm production networks and the role played by multinational corporations in the process. It considers the strategies and business models corporations have adopted lately to face today’s highly competitive global markets, especially outsourcing and offshoring, focusing on the modalities observed in Asia Pacific and the Pacific Rim at large. Since their inception, corporations have undergone a series of fundamental changes; each has corresponded to a given era of industrial development and has given rise to a particular type of government policy response. The book addresses these timely issues and other such as the transformation of global production networks into global innovation networks, the link between corporate and national innovation strategies and movement up the global production value chain, and the fragmentation of production and the resulting increase in component and sub-assembly trade in the region. It also takes up the emergence of multinational corporations from developing countries and the efforts aimed at forging basic rules of corporate social responsibility and developing sound institutions for building a working framework of corporate governance in the Pacific. Written by some of the region’s most eminent and influential economists and political scientists, this volume will appeal to students and scholars working in the field of Asia Pacific studies as well as to businesspersons and policymakers taking decisions in the region.

Explains how production networks and industrial clusters have played crucial roles in the industrial development of Indonesia and Malaysia (electronics industry), Singapore (biomedical science industry), and Thailand (automotive industry).

This book provides new insights for policy debates on how to strengthen the gains from trade for innovation through an inclusive trading environment that facilitates access to knowledge for all. Rising economic nationalism, especially in the United States, creates new challenges to an enlightened globalization agenda.The US government has withdrawn from the Transpacific Partnership agreement (TPP) that once was considered to be the gold standard of megaregionalism, suggesting the need to highlight once again the critical role that international trade and investment play in fostering sustainable growth and prosperity. Fostering innovation and facilitating the links between trade and innovation are becoming increasingly important for developed and developing economies alike. But equally important are economic policies to ensure that gains and losses from trade for innovation are shared by all.This book is a must read for trade economists, innovation economists, trade negotiators, trade lawyers, and academicians interested in current transformations in the global economy and their impact on innovation and economic growth.

East Asia is one of the world's most dynamic and diverse regions and is also becoming an increasingly coherent region through the inter-play of various integrative economic, political and socio-cultural processes. Fully updated and revised throughout, this new edition explores the various ways in which East Asian regionalism continues to deepen. The second edition has been expanded to incorporate coverage of significant issues that have emerged in recent years including: Growing tensions in the region over maritime territory and historical issues Competing regional free trade agreement negotiations The impact of the global financial crisis on financial co-operation and engagement with global governance Obama’s ‘pivot to Asia’ and developments in US relations with East Asia The influence of new technology and social media on micro-level regional relations The growing importance of ‘new diplomacy’ issues such as energy security, climate change, food security and international migration. Key pedagogical features include: end of chapter 'study questions' case studies that discuss topical issues with study questions also provided useful tables and figures which illustrate key regional trends in East Asia Extensive summary conclusions covering the chapter's main findings from different international political economy perspectives. East Asian Regionalism is an essential text for courses on East Asian regionalism, Asian politics and Asian economics.