scholarly journals How Do the Asian Economies Compete With Japan in the US Market? Is China Exceptional? A Triangular Trade Approach

2006 ◽  
Vol 12 (3) ◽  
pp. 285-307 ◽  
Author(s):  
Yushi Yoshida ◽  
Hiro Ito
Keyword(s):  
The Us ◽  
Asian Economies ◽  
Triangular Trade

The Amistad Saga: A Transatlantic Dialogue

2021 ◽  
Author(s):  
Jorge Felipe-Gonzalez ◽  
Gibril R. Cole ◽  
Benjamin N. Lawrance
Keyword(s):  
Slave Trade ◽  
The United States ◽  
Historical Drama ◽  
Multiple Points ◽  
The Us ◽  
Us Supreme Court ◽  
Long Time ◽  
History Of ◽  
Triangular Trade ◽  
New Framework

The story of the slave ship La Amistad is one of the most celebrated and narrated 19th-century stories of the transatlantic slave trade. To fully appreciate the significance and impact of the events and circumstances of this fateful episode, it is important to examine its legacy from multiple points of the Atlantic world—vestiges of the triangular trade bequeathed by the Columbian Exchange. For a long time, the Amistad saga has been viewed from a very US-centric perspective because the dispute over the lives of the Africans rose to the US Supreme Court in 1840–1841. New archival and oral research in West Africa, Europe, and the Caribbean is rebalancing the narrative and revising the historical drama. Today, the Amistad story is widely recognized as a quintessentially Atlantic story, a story of mobility that moves back and forth across the Atlantic in multiple directions over many decades. The deployment of the phrase “Amistad saga” provides a vehicle with which to critique the socio-legal battles about transatlantic slave trading in Caribbean, North American, and West African history. The Amistad story is often described as pre-incidental to the US Civil War. The victory of African defendants is often framed as a self-congratulatory vindication of the successful resistance of enslaved Africans. The celebrated figure of “Joseph Cinqué” or Sengbe Pieh, the self-appointed leader of the Africans, and a replica of the ship itself are part of an Amistad memory industry that attempts to narrate the slave trade and its abolition. A new framework for teaching and understanding the history of the Amistad saga and its memory and forgetting through an Atlantic lens must combine historical and contemporary perspectives from the United States, Europe, Cuba, and Sierra Leone.

Measuring Dependence Between the USA and the Asian Economies: A Time-varying Copula Approach

2019 ◽  
Vol 20 (4) ◽  
pp. 962-980 ◽  
Author(s):  
Shegorika Rajwani ◽  
Dilip Kumar
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Financial Markets ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Tail Dependence ◽  
Time Varying ◽  
The Us ◽  
Asian Economies ◽  
Copula Approach

During the past few years, many of the financial markets have gone through devastating effects due to the crisis in one or the other economy of the world. The recent global financial crisis has triggered dramatic movements in various stock markets which may arise from interdependence or contagion between the markets. This article attempts to measure the contagion between the equity markets of Asia and the US stock market. The countries considered in the Asian group are China, India, Indonesia, South Korea, Taiwan, Hong Kong, Malaysia and Japan. Most of the Asian economies have experienced drastic higher volatility and uncertainty in the financial markets. If the markets are contagious, then the investors will be unable to reap benefits through international diversification of the portfolio. In such a case, the policymakers will further frame policies so that they can insulate themselves from inflicting heavy damage from various crises. To achieve our goal, we make use of the time-varying copula approach which helps us to study the joint behaviour of the series based on their marginal distribution. Time-varying copula approach can also capture the non-linear dependence in the series and exhibits a rich pattern of tail behaviour. Our findings support the contagion between the Asian stock markets and the US stock market during the global financial crisis. This article also highlights that the increased tail dependence is an important factor for the contagion between the Asian stock markets and the US market.

scholarly journals For Japan, Better Late than Never

2009 ◽  
Vol 3 (1) ◽  
Author(s):  
William Gerding ◽  
Zach Montague
Keyword(s):  
Democratic Party ◽  
Liberal Democratic Party ◽  
General Election ◽  
Liberal Democratic ◽  
The Us ◽  
Asian Economies

The Japanese general election on August 30, 2009 ousted the Liberal Democratic Party (LDP), which had governed almost uninterrupted for 54 years. In its place rose the Democratic Party of Japan (DPJ) and its leading man Yukio Hatoyama. What follows is a brief profile of the DPJ’s main economic challenges and policies, succeeded by the chief points of contention in the DPJ’s interpretation of Japan’s alliance with the US, the invariable focus of which is military. Now, Japan finds itself at a crucial junction to reassert itself as a regional leader in Asia, whether military or civilian, and it can only do this gracefully by maintaining a relatively undisturbed rapport with the US in economic and military matters. Japan also needs to increase its presence in the Asian economies and, possibly, Asian military affairs, a policy that the US would condone.

scholarly journals THE COMPETITIVENESS OF INDONESIA'S EXPORT TO UNITED STATES, 1986-2003: A SHIFT-SHARE ANALYSIS

2007 ◽  
Vol 8 (1) ◽  
pp. 36
Author(s):  
Ahmad Helmy Fuady
Keyword(s):  
United States ◽  
Economic Crisis ◽  
The United States ◽  
The Other ◽  
Republic Of Korea ◽  
Single Digit ◽  
The Us ◽  
Asian Economies ◽  
Changes Over Time ◽  
Over Time

The objective of this paper is to examine the competitiveness of Indonesia's exports to the United States (US) market, compared to other Asian economies, namely Thailand, Malaysia, Singapore, China, Republic of Korea and India, over the period of 1986-2003. A shift-share method is applied to single digit SITC US imports data from those countries. It found that the competitiveness of Indonesia's exports changes over time. The Indonesia's exports reached its best performance in the period 1992-1997. However, after the 1997 economic crisis, Indonesia faces a serious problem, since none of its export has competitiveness in the US market, compared to the reference economy. The analysis also shows that China has consistently posed a serious pressure not only for Indonesia, but also for the other Asian economies.

Shaping the Future of the IMS: Regionalization of Selected Asian Currencies

2015 ◽  
Vol 01 (03) ◽  
pp. 347-372
Author(s):  
Il Houng Lee
Keyword(s):  
International Monetary System ◽  
Policy Coordination ◽  
Monetary System ◽  
Tier System ◽  
The Us ◽  
Asian Economies ◽  
Market Framework ◽  
Us Dollar ◽  
Second Tier ◽  
Recent Financial Crisis

The dominance of the US Dollar (USD) as the main global reserve currency will continue for the foreseeable future. Yet various events, including the most recent financial crisis, have pointed to the need for an alternative system that will strengthen market discipline rather than a system relying excessively on policy coordination. The rise of Asian economies led by China provides a unique opportunity for a regionalization of selected Asian currencies, namely, the settling of current account transactions among Asian economies using selected local currencies. To do so, relevant governments should be more proactive in setting up a market framework by following similar steps taken by China for RMB internationalization. This will provide an opportunity for the market to determine how fast it wants to shape an alternative international monetary system. Most likely, a tri-polar and two-tier system will emerge. As the medium of exchange and unit of account, the first tier, the USD, the Euro, and the RMB will dominate, forming a tri-polar system along each of which various local currencies will be used specific to the locality. As the store of value, the second tier, the USD will retain its hegemony for a few more decades. Gradually, these two tiers will merge.

scholarly journals Asia in 2020

Asian Survey ◽  
2021 ◽  
Vol 61 (1) ◽  
pp. 1-10
Author(s):  
Uk Heo
Keyword(s):  
United States ◽  
The United States ◽  
Trade Dispute ◽  
China Trade ◽  
The Us ◽  
The Future ◽  
Asian Economies ◽  
Trade War

The biggest stories of the year 2020 were the COVID-19 pandemic and a trade dispute between the United States and China. The pandemic significantly damaged the Asian economies. The US-China trade war halted after a phase one trade deal and the pandemic, but the future is unclear.

Market-Driven Regionalization in Asia

2005 ◽  
Vol 5 (3) ◽  
pp. 1850044 ◽  
Author(s):  
Dilip K. Das
Keyword(s):  
Value Chain ◽  
Regional Integration ◽  
Emerging Market ◽  
Production Networks ◽  
Quarter Century ◽  
High Performing ◽  
Market Expansion ◽  
The Us ◽  
Asian Economies ◽  
Market Driven

Progressively liberalizing trade and FDI regime underpinned market-led profit-motivated regionalization in the high-performing Asian economies. The market expansion and regional integration that took place in Asia was both vertical and horizontal. First the NIAEs and then the other emerging-market economies of Asia developed tiers of complex trade and manufacturing hierarchies. This occurred in association with the large flows of intra-regional investment into Southeast Asia and China. Over the preceding quarter century, Japan, Taiwan and Korea provided massive amounts of FDI to Southeast Asian economies and China, and in the process increased their commitments in these markets. During the 1970s, a triangular production relationship had developed between Japan, the NIAEs and the US, bringing the former two sets of economies closer together. After the Plaza Accord in 1985, the currency value configuration changed. Changes in currency value configuration and economic complementaries buttressed regionalization. Gradually production locus shifted from the firms to networks of regional production. Asian firms skillfully sliced the value chain, consequently production networks soon became a significant force driving the process of economic integration further in the region. Private sector firms and TNCs played a proactive role in this endeavor.

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