East Asia and Pacific Update, November 2009


Book Description

The 'East Asia and Pacific Update' is the World Bank s comprehensive semiannual review of developing economies in the region. This November 2009 issue discusses East Asia's role as the driving force behind the global economic rebound. The region s economy has rebounded from the financial crisis and global recesesion that began in late 2008, but has it reached recovery stage? Why has the East Asia and Pacific region fared better than other developing regions? Can the region continue to grow as fast as it did before the crisis if demand from the developed world remains weak? Take China out of the equation and how is the rest of the region really doing? These are some of the questions addressed in this report. Presenting unique perspectives along with the latest data on the region, the East Asia Update is a valued resource for policymakers, researchers, businesspersons, students, and anyone else with a serious interest in this dynamic region.




Economic Growth and Employment in Vietnam


Book Description

Vietnam has enjoyed significant economic success since the implementation of its "doi moi" reforms, including rapid growth in GDP, exports and foreign and domestic investment, and a shedding of poorly-performing state-owned enterprises. Despite this, however, the economic situation for many ordinary people in Vietnam is fragile, with income only just above the poverty line, and high unemployment, especially among the young. In addition, inflation is high, and the state-owned sector is still large, much of it still performing badly. This book provides a comprehensive overview of the current economic situation in Vietnam. It outlines the state of the economy, paying special attention to employment, discusses government policies including on trade and integration with the global economy, and concludes by assessing the key challenges facing Vietnam’s economy going forward.




Naval Modernisation in South-East Asia


Book Description

This edited volume analyses the naval arms race in South-East Asia, and reviews the content, purposes and consequences of the naval policies and development of the main countries of the region. The rise of naval capability in the countries of the Asia-Pacific Region is increasingly recognised as a major indicator of the ‘rise of Asia’ and its increasing importance in the world’s political, economic and strategic future. Most coverage focusses solely on the navies of the 'big four' – the US, China, India and Japan; however, the region’s other navies, though much smaller, are significant too. Given the current focus on the South China Sea and the Obama administration’s pivot to Asia, naval development in South-East Asia is of particular relevance. This book first identifies the issues involved in defence acquisition in this area. It then goes on to establish some templates of naval modernisation as a means of assessing the policies of individual countries in the region, by looking at the naval policies of the big four. Finally, the general issue of naval modernisation in South-East Asia is illustrated through a more detailed examination of some of the major issues common to all countries of the area. These include the defence-industrial perspective, specific examinations of submarine and surface ship acquisition processes, and a review of the balance to be struck between naval and coastguard forces in the area. This book will be of much interest to students of naval power, maritime security, South-East Asian politics, strategic studies, and IR in general.




East Asia and the Global Crisis


Book Description

This book traces the impact of the global financial crisis on East Asia, and the way that key regional states responded to the crisis. It considers the extent to which the region is decoupling from the global economy (or the West), the impact of crises on the definition of "region", and the effectiveness and functioning of regional institutions and governance mechanisms (including environmental governance). A key focus of the book is the increasing legitimacy of statist alternatives to (neo)liberal development strategies and modes of governance – or perhaps more correctly, the extent to which the legitimacy of "western" norms and practices have been delegitimized by the crisis. This book was originally published as a special issue of Contemporary Politics




Multilateral Asian Security Architecture


Book Description

This book provides a comparative assessment of the material and ideational contributions of five countries to the regional architecture of post-Cold War Asia. In contrast to the usual emphasis placed on the role and centrality of the Association of Southeast Asian Nations (ASEAN) in Asia’s multilateral architecture and its component institutions, this book argues that the four non-ASEAN countries of interest here 3⁄4 Australia, Japan, China and the United States 3⁄4 and Indonesia have played and continue to play an influential part in determining the shape and substance of Asian multilateralism from its pre-inception to the present. The work does not contend that existing scholarship overstates ASEAN’s significance to the successes and failures of Asia’s multilateral enterprise. Rather, it claims that the impact of non-ASEAN stakeholders in innovating multilateral architecture in Asia has been understated. Whether ASEAN has fared well or poorly as a custodian of Asia’s regional architecture, the fact remains that the countries considered here, notwithstanding their present discontent over the state of that architecture, are key to understanding the evolution of Asian multilateralism. This book will be of much interest to students of Asian politics, international organisations, security studies and IR more generally.




Millennium Development Goals


Book Description

In the year 2000, the international community agreed to a framework to address global poverty. This framework, known as the Millennium Development Goals, was time-bound with an end date of 2015. With this end now in sight, the international community is focusing on the achievement of these goals. However, it is also very important that consideration now turns to what will follow the MDGs after 2015. Millennium Development Goals: Looking Beyond 2015 provides a critical analysis of the MDGs and discusses a range of issues that must be considered by the international community in determining what poverty alleviation framework might replace the MDGs. This reflection is made even more imperative as the poverty landscape has shifted considerably since these original goals were made. This book was originally published as a special issue of the Journal of the Asia Pacific Economy.




Korea and East Asia


Book Description

Will the twenty-first century be the Asian century? Will the People’s Republic of China overtake the United States as the leading global superpower? Will an armed conflict break out on the Korean peninsula, and can it be contained? While opinions differ strongly, there seems to be a certain consensus that the East Asian region, roughly defined as Northeast Asia (China, the two Koreas, Japan and the Russian Far East) plus Southeast Asia (ASEAN), will be ever more globally significant in the years to come. This book critically addresses the potential of the liberal concept of collective security to provide a solution, with a focus on the Korean peninsula.




Asia-Pacific Security Dynamics in the Obama Era


Book Description

This book examines the critical changes to the Asia-Pacific security architecture emerging in the context of shifts in the global order as the Obama Administrationâe(tm)s major strategic innovation and likely legacy unfold. The author reviews the state of the international security system during the Obama presidency, recording the Administrationâe(tm)s Asia-Pacific inheritance, and tracing its efforts to chart a collaborative course aimed at retaining US primacy amidst strategic turbulence. While security discourses are coloured by relative US âe~declineâe(tm) and Chinaâe(tm)s âe~rise,âe(tm) the book points out the competitive-cooperative complexity of interactions, with symbiotic economic ties moderating rivalry. Focusing on the military-security cutting edge of Sino-US dynamics, the narrative outlines the dangers posed by extreme nationalist dialectics in an interdependent milieu. It examines the policies of Japan, Australia, India and Russia towards the evolving Sino-US diarchy, while recording Washingtonâe(tm)s and Beijingâe(tm)s contrasting approaches to these allies and possible adversaries. The book concludes with observations on the loss of definition and clarity as the system evolves with multiple actors bidding for influence, and the need for statesmanship as the systemic fulcrum moves from the Atlantic to the Pacific. ãee This book will be of interest to students and scholars of International Politics, Asian Politics, American Politics, International Security and International Relations.




United States Engagement in the Asia Pacific: Perspectives from Asia


Book Description

This study brings together Asian and Asia-based experts of international relations and U.S. foreign policy to present diverse Asian views about preferred modes of U.S. engagement in the region and compare their views with U.S. interests in the region-a prerequisite exercise to truly multilateral regional security governance. With the rise of Chinese power in absolute and relative terms over the next decades as a key driving factor of the international relations in the Asia Pacific, the United States has announced its "Rebalance to Asia" (previously referred as "Pivot to Asia") strategy. Asian responses, perceptions, and even interpretations of the U.S. strategy have been diverse. Misconceptions of the U.S. strategy can be attributed to the built-in contradictions among its objectives, deliberate ambiguities left by the architects of the strategy, mismatch between the stated strategy and actual policy implementations during the last three years, and subjective reading by the Asian countries through the lens of their own interests. This book will illuminate the diversity of Asian responses and perceptions and analyze the underlying reasons of the diversity. The overarching framework of analysis for this book is the very dilemma of alliances-abandonment and entrapment-which "hedging" aims at evading. "Abandonment" fear is primarily of the junior partner of an alliance that its senior partner may not come to its aid in crisis. Meanwhile, "entrapment" fear works both ways. The United States may drag its allies into its conflict against a third party, but U.S. allies may also drag the United States into their regional conflicts in which the United States has no direct or significant stake. The Asian choices of their strategic responses to the U.S. Rebalancing will be described and analyzed through the lens of the perceived balance between the abandonment and entrapment fears as well as other historical and domestic factors unique to each Asian country. The reading of the U.S. strategy by Asian countries is a subjective matter, and their interests likely influence their analysis and consequently strategies. It is not the aim of this volume to establish well defined "cause-and-effect" chain between the U.S. strategy and Asian strategies, but thick descriptions have enabled some chapter authors to identify reciprocal relations between the two. While China's growth is the most important driver of the changing strategic landscape in the Asia Pacific and the new U.S. strategy, the new U.S. strategy inevitably influence the Chinese strategy, which in turn triggers a chain reaction of strategic revisions in Asian countries. This book is essential reading for scholars in Asian politics, U.S. foreign policy, international relations as well as for policy makers.




China's Asia Pacific Strategy and India


Book Description

The book is a project of United Service Institution of India.