East Asian Dynamism continues to offer a succinct account of Pacific regional political economy from the dawn of the modern world system to projections of alternative futures. Steve Chan is a master at demystifying the geography, history, and culture of the region while bringing to life the current policy choices and dilemmas facing its people and leaders. In this new edition, he broadens the geographical scope of the book to encompass more of Southeast Asia and Australia, with specific coverage of Thailand, Vietnam, Malaysia, Burma, Indonesia, and Singapore highlighted along the way. And now that peace has “broken out all over,” the focus shifts strongly to issues of growth, trade, and cultural interface as Pacific regional security becomes more and more a function of economic strength, regional cooperation, and global outreach.

East Asian Dynamism continues to offer a succinct account of Pacific regional political economy from the dawn of the modern world system to projections of alternative futures. Steve Chan is a master at demystifying the geography, history, and culture of the region while bringing to life the current policy choices and dilemmas facing its people

This book brings together benchmark essays in the field of global political economy, covering the key political-economic issues of East Asian development: the relation between the state and markets; the changing nature of economic governance and its relation to inequality; and the rise of China and its international consequences.

Have Japan's relative economic decline and China's rapid ascent altered the dynamics of Asian regionalism? Peter Katzenstein and Takashi Shiraishi, the editors of Network Power, one of the most comprehensive volumes on East Asian regionalism in the 1990s, present here an impressive new collection that brings the reader up to date. This book argues that East Asia's regional dynamics are no longer the result of a simple extension of any one national model. While Japanese institutional structures and political practices remain critically important, the new East Asia now under construction is more than, and different from, the sum of its various national parts. At the outset of a new century, the interplay of Japanese factors with Chinese, American, and other national influences is producing a distinctively new East Asian region.

Essays demonstrate how to reduce the entry cost ot North American businesses trying to penetrate East Asian markets.

No region has been more dynamic in recent years than East Asia. Despite its successful economic development, evaluations of the East Asian development model have often been capricious, shifting from "miracle" to "cronyism." How can we explain East Asia's ups and downs consistently? To respond to this challenge, it is necessary to study the progress of East Asian development and to trace the influence of Asian cultural values. This study mainly focuses on cultural aspects of economic progress and analyzes East Asia's philosophical and historical backgrounds to explain the dynamic process. East Asians believe that balance between opposite but complementary forces, Yin and Yang, will ensure social stability and progress. Through repeated rebalancing to maintain harmony, the society comes to maturity. In traditional East Asian societies, a balance was maintained between Confucianism (Yang) and Taoism, Buddhism, and other philosophies (Yin). In modern societies, the challenge is to balance traditional systems (Yang) and Western style capitalism (Yin). This East Asian development model explains the Republic of Korea's rise, fall, and recovery. Korea was a poor country until the early 1960s, during the time when spiritualism (Yang) dominated. From the 1960s through the 1980s, Korea achieved rapid growth by finding a new balance and moving toward materialism (Yin) from spiritualism (Yang). But the failure to maintain a harmonious balance between cooperatism and collectivism (Yang) and individualism (Yin) led to major weaknesses in labor and financial markets that contributed significantly to the financial crisis in 1997. As Korea arrived at a new balance by instituting reform programs, the venture-oriented information and communication technology (ICT) industry blossomed and led to a rapid economic recovery. Since 2000, domestic financial scandals and political corruption have emerged as new social issues. Korea's next challenge is to find a new harmonization between moralism (Yang) and legalism (Yin). This paper-a product of the Office of the Senior Vice President and Chief Economist, Development Economics-is part of a larger effort in the Bank to examine institutional and cultural foundations of development across regions and countries.

China and East Asian Strategic Dynamics: the Shaping of a New Regional Order, edited by Mingjiang Li and Dongmin Lee, examines how China's remarkable economic growth and its proactive diplomatic efforts in recent years have not only shored up its importance in global issues, but also induced a transformation of the strategic dynamics in East Asia. The authors argue that major power relations in the region appear to be driven by some new momentum along with the changing international environment. The contributors of this edited volume are well-known scholars in their areas of specialty, and the book is divided into five parts. The first part discusses China's soft and hard power in East Asia. The second examines China and the strategic interactions between major powers; this particular section is devoted to discussion on the strategic responses of the major regional powers_the United States, Japan, Korea, India and ASEAN_to China's rise. Part three focuses on China's strategic approach to East Asian regionalism. Of particular note are China's active leadership role in institution-building efforts, strategic calculations, and preference for an informal approach. The fourth section analyzes the Cross-Taiwan Strait relations and their impact on both China and East Asia. The final section of China and East Asian Strategic Dynamics addresses the issue of China and maritime order in East Asia. China and East Asian Strategic Dynamics: the Shaping of a New Regional Order, edited by Mingjiang Li and Dongmin Lee, is a pioneering work. Given that the rise of China is has been a prominent issue in politics and economics worldwide, this edited collection is essential for a wide audience of policy-makers, academics, and students alike.