A Decade After the Asian Financial Crisis: Regionalism and International Architecture in a Globalized World

Asian Survey ◽  
2007 ◽  
Vol 47 (6) ◽  
pp. 834-849 ◽  
Author(s):  
Donald C. Hellmann
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Asian Financial Crisis ◽  
Washington Consensus ◽  
Global Political Economy ◽  
The Past ◽  
Asian Regionalism ◽  
Globalized World

The China-driven rise of Asia to the center of the global political economy since the Asian financial crisis under systems of political economy manifestly different from those of the Washington Consensus poses a challenge that has been met by neither helter-skelter Asian regionalism nor by American strategic inattentiveness of the past decade.

The Pandemic Exposes an Ailing US Governance Model

2020 ◽  
Vol 119 (820) ◽  
pp. 310-316
Author(s):  
Alasdair Roberts
Keyword(s):  
Financial Crisis ◽  
Developing World ◽  
Global Financial Crisis ◽  
Political Polarization ◽  
Washington Consensus ◽  
The Past ◽  
Governance Model ◽  
Governance Challenges ◽  
The Global Financial Crisis ◽  
Current Governance

Since the 1990s and Bill Clinton’s embrace of key parts of Ronald Reagan’s legacy, mainstream US governance has been guided by a bipartisan consensus around a formula of shrinking the federal government’s responsibilities and deregulating the economy. Hailed as the ultimate solution to the age-old problem of governing well, the formula was exported to the developing world as the Washington Consensus. Yet growing political polarization weakened the consensus, and in a series of three major crises over the past two decades—9/11, the global financial crisis, and the COVID-19 pandemic—US policymakers opted for pragmatism rather than adherence to the old formula, which appears increasingly inadequate to cope with current governance challenges.

Rising Regionalism: 1998–2007

2019 ◽  
pp. 83-116
Author(s):  
Andrew Yeo
Keyword(s):  
Financial Crisis ◽  
South Korea ◽  
East Asia ◽  
East Asian ◽  
Asian Financial Crisis ◽  
Institution Building ◽  
Us South ◽  
East Asia Summit ◽  
The Us ◽  
Asian Regionalism

Chapter 4 describes the rising phenomena of East Asian regionalism in the wake of the Asian financial crisis and demonstrates how debates between inclusive and exclusive variations of Asian regionalism played out in the development of the regional architecture. The chapter traces the establishment of the ASEAN Plus Three, the East Asia Summit, and the Six-Party Talks. Taken together, these three institutions signified greater political will behind regional multilateralism but also revealed the contentious nature of institution building. The discussion of multilateral developments is juxtaposed to an analysis of the US–South Korea and US-Thailand alliances, and their resilience in an era of greater multilateralism and expanding regionalism.

Mapping Biotechnology: From Epistemic Artifacts to Geographies of Control

2007 ◽  
Vol 2 (2) ◽  
pp. 115-138
Author(s):  
Michael S. Carolan
Keyword(s):  
Political Economy ◽  
Global Distribution ◽  
Global Political Economy ◽  
Biological Resources ◽  
The Past ◽  
Path Dependencies ◽  
Scientific Representations ◽  
Genomic Sciences

This article maps key epistemological and ontological terrains associated with biotechnology. Beginning with the epistemological, a comparison is made between the scientific representations of today, particularly as found in the genomic sciences, and the scientific representations of the past. In doing this, we find these representations have changed over the centuries, which has been of significant consequence in terms of giving shape to today's global political economy. In the following section, the sociopolitical effects of biotechnology are discussed, particularly in terms of how the aforementioned representations give shape to global path dependencies. By examining the epistemological and ontological assumptions that give shape to the global distribution of informational and biological resources, this article seeks to add to our understanding of today's bioeconomy and the geographies of control it helps to create.

Singapore's Political Economy, 1997––2007: Strategizing Economic Assurance for Globalization

Asian Survey ◽  
2007 ◽  
Vol 47 (6) ◽  
pp. 952-976 ◽  
Author(s):  
Alan Chong
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Developmental State ◽  
Asian Financial Crisis ◽  
Economic Community ◽  
Economic Activities

Singapore's reaction to the Asian financial crisis suggests that while there were signs of deepening liberalization, there was little evidence of a profound retreat from the developmental state paradigm. The crisis generated an obsession with ““globalization compatibility””: aggressive externalization of private and state-led economic activities and a gradualist strategy for building economic community abroad.

scholarly journals IS TAIWAN'S R&D PRODUCTIVITY IN DECLINE? A MICROECONOMETRIC ANALYSIS

2013 ◽  
Vol 14 (1) ◽  
pp. 137-155
Author(s):  
Chih-Hai Yang ◽  
Chia-Hui Huang
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Productivity Growth ◽  
Electronics Industry ◽  
Asian Financial Crisis ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Crisis Period ◽  
Crucial Question ◽  
The Past

Innovation is widely recognized as the main stimulus of economic growth. Considering that Taiwan has devoted increasingly more efforts to R&D since the late 1980s, a crucial question is posed: did the R&D productivity of firms begin to decline in Taiwan during the post-Asian Financial Crisis period when Taiwan's economic growth began to decelerate? This study investigates changes in R&D productivity for Taiwan's manufacturing firms from 1990 to 2003. By employing various approaches to obtain robust results, findings from firm-level microeconometric analysis suggests that overall R&D productivity in Taiwan appears to have been ascendant, particularly during the post-crisis period. This result is also evidenced by segmenting the sample into industry groups, whereby electronics firms have a significantly high R&D productivity growth relative to firms outside the electronics industry. Therefore, the slowdown of Taiwan's economic growth in the past decade is attributed to other influences rather than a slowdown in R&D productivity.

Models of Finance and Corporate Governance and their Implications

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Corporate Governance ◽  
Financial Crisis ◽  
Regional Development ◽  
Global Financial Crisis ◽  
Financial Sector ◽  
Easy Access ◽  
Access To Finance ◽  
Access To Credit ◽  
The Past

Access to credit is crucial for companies to thrive. Governments in statist systems of political economy historically regulated and manipulated this function with a view to promoting sectoral and regional development, but also curtailing development not favoured politically. By contrast, in more market-oriented political sectors, governments refrained from using finance as a tool and often adopted a more laissez-faire approach in letting the finance sector grow organically, even if this included slightly problematic developments. Over the course of the past thirty years, these boundaries have become more blurred. The financial sector has extended its reach, escaped from regulatory confines, and thus identified new domains of activities. This development democratizes access to finance. However, many analysts point to excessively easy access as one of the root causes of the 2008 global financial crisis.

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