EU-Asia and the Re-Polarization of the Global Economic Arena

The following sections are included:

• Preface

• Contents

• Notes on Contributors

The following sections are included:

• Introduction

• A Framework of Big Waves and Long Waves

• Drivers for Further Growth
  • Trends in Prices and in Demand for Innovations during the Next Decades

• Innovation in the Learning Economy

• Economic Growth, Structural Change and Purchasing Power

• Growth and Innovations in Three Continents
  • USA a Leader in the Next Wave?
  • European Innovative Leadership?
  • Asian Dynamics and Structural Change

• Innovations and Institutional Change in a Tri-polar World

• References

The following sections are included:

• Introduction

• Global Imbalances
  • Emerging Economies and the Demand for International Reserves
  • China’s Exchange Rate Policy
  • RMB Undervaluation?
  • Saving in the United States

• Implications for Europe
  • European Imbalances and Deteriorating Competitiveness of the Periphery
  • Competitiveness, Growth and Fiscal Sustainability: The 2010 European Sovereign Debt Crisis

• Exchange Rate Rigidities Forcing Global and Regional Imbalances: How Can Economies Adjust?

• Acknowledgements

• References

The following sections are included:

• Introduction

• EU-Asia Trade: The Big and Long-Term Picture

• The Decline of Europe in the Foreign Trade of ASEAN

• EU Trade with Asia by Member States

• The Rapid Growth of Intra-regional Trade in Asia

• The Prelude to and Launch of EU-ASEAN Negotiations

• Recent Events and State of Play

• Potential FTA Scenarios: ASEAN-X or EU+Y
  • The First Mover: Singapore
  • Real and Potential Followers: Malaysia, Vietnam, Thailand and Others
  • Other Singaporean and ASEAN Options

• Quo Vadis EU-ASEAN? Concluding Remarks

• References
  • Articles, Monographs, Documents, Statistical Sources
  • Interviews

The following sections are included:

• Introduction

• The Economic Re-emergence of Asia

• EU and Asian Co-operation on the Multilateral Level

• Region-to-Region — Dead End for Trade Liberalization?

• Noodle Bowl or Bird’s Nest?

• Trade Relations without FTAs with China and Japan?

• Future EU Trade Relations with Asia — from Follower to Forerunner?

• References

The following sections are included:

• Introduction

• Contagion, Transmission, or Interdependence?

• Analysis of General Co-movements of Stock Returns

• Financial Contagion and the 2008 Financial Tsunami

• Measuring Financial Contagion by Co-exceedance Counts

• Conclusion: Growing Interdependence and Gradual Re-polarization

• Acknowledgements

• References

The following sections are included:

• Introduction

• Feasibility of a Basket Peg in Asia

• Issues in Managing Coordinated Currency Pegs
  • European Economic and Monetary System
  • Comparisons of Europe with Asia
  • European Experience and FX Coordination in Asia

• Data, Research Design, and the Econometric Models
  • Data
  • Research Design
  • Econometric Procedures

• Empirical Results

• Move Towards a Multi-polar World

• Acknowledgement

• References

The following sections are included:

• Introduction

• Manufacturing in China in the Late 2000s

• Physical, Fiscal and Regulatory Infrastructure
  • Physical and Fiscal Infrastructure
  • Regulatory Infrastructure

• Investment and Corruption

• Data on Different Dimensions of Corruption

• The Third Pole in a Tri-polar World?

• References

The following sections are included:

• Introduction

• A Shift in Economic Power from West to East
  • Asia as Leader of the Global Recovery
  • The Renaissance of Asia
  • Implications for Global Governance

• Three Roles Japan Could Play in the Multi-polar World
  • The Role of Japan as a Source of Knowledge and Technology
  • A Shift in Economic Power from Japan to China in East Asia
  • The Continuing Role of Japan as a Source of Technology in East Asia
  • The Utilization of Japan’s Scientific and Technological Capability to Solve Global Issues Related to Energy and the Environment
  • Japan’s Role in Promoting Asian Economic Integration and Cooperation
  • Regional Infrastructure Development in Asia
  • A Region-wide FTA
  • Japan’s Role as a Bridge between East and West and as a Stabilizer in East Asia
  • The Importance of a US-Japan Alliance
  • The Establishment of New Directions and Visions for APEC

• Japan’s Role in the 21st Century: A Shift Towards Soft Power

• References

The following sections are included:

• Introduction

• India: Pre-Reforms and Political Economy
  • Domestic Sector
  • External Sector

• Post-Reforms Political Economy and Fiscal Federalism

• Economic Reforms
  • Financial Markets
  • Foreign Participation in the Banking Sector
  • Impact of Banking Sector Reforms
  • Capital Market Reforms
  • External Sector Reforms

• Impact of Reforms on the Economy

• EU-India Trade and Investment Links

• India-EU Relations

• Conclusions: Scope for Closer Indo-European Ties in the Re-polarization Process

• References

The following sections are included:

• Introduction

• African Economy and FDI Inflows

• Growing Chinese and Indian Ties in Africa
  • Commercial (Trade) Ties
  • Investment Ties
  • Ownership, Entry and Integration of Local Labor

• Key Drivers of Chinese and Indian Investment in Africa
  • Natural Resources: A Driver of Chinese and Indian Investments in Africa and Their Entanglement with Infrastructure Projects
  • State as a Supportive Factor in Chinese Investments
  • Supportive Factors of Indian Investments: Private Companies and the Diaspora

• Implications of the Chinese and Indian Trade and FDI in Africa
  • The Mixed Effects of Chindian FDI on African Economies
  • Policy Implications for the EU in the Context of Re-polarization

• Conclusions
  • Implications for FDI Theory
  • Implications for Global Economic Polarization

• Acknowledgement

• References

The following sections are included:

• Introduction

• Energy Reserve in China

• China’s Energy Supply and Demand in the World Context
  • Energy Supply
  • Energy Consumption
  • Energy Import and Export
  • Energy Efficiency
  • Energy Pricing System in China and Subsidies

• Realistic Response to Climate Change and Low-Carbon Economy

• Two Theoretical Restrictions of Low-Carbon Economy

• China’s Industrial Structure Optimization and Low-Carbon Economic Growth

• International Trade, International Investment and China’s Low-Carbon Economic Growth

• References

The following sections are included:

• Introduction

• Agency Costs in Corporate Governance Systems

• Channels of Market Discipline in Corporate Governance

• Corporate Governance Systems and Market Discipline in Asia in Comparison with Anglo-Saxon and Continental European Countries
  • Market Discipline and Competition as Constraint

• Interaction between Corporate and Political Governance: The “Manager-Entrenched”,the “Social Democrat”, the “Nationalist” and the “Corrupt” Corporation
  • The US and Europe; the “Manager-Entrenched” and the “Social Democrat” Corporations
  • Asia and the “Nationalist” and “Corrupt” Corporations

• Corporate Governance and Industrial Dynamics

• Conclusions; Re-polarization and Dynamics of Corporate Governance Systems

• References

The following sections are included:

• Introduction

• The Macroeconomic Context

• Relations with the EU: Development Assistance
  • Institutional Design: ODA in a Centrally Planned Economy
  • Did ODA Undermine Central Planning?
  • Effects of European ODA

• Relations with the EU: Trade and Trade Policy
  • World Trade Organization
  • Interactions between ODA and Trade
  • Development over Time: From Aid Recipient to Competitor
  • Can the EU Live with Successful Developing Countries?

• Vietnam: Caught between The West and The East

• References

The following sections are included:

• Introduction

• Main Features Regarding SWFs
  • Definition of SWFs
  • Types of SWFs
  • SWFs: Global Trends

• Asian SWFs in Europe
  • Importance and Characteristics of Asian SWF Investments in Europe
  • Asian SWF Investments in Europe: A Closer Look
  • The Particular Role of Chinese SWFs

• European Concerns about SWFs and Policy Developments
  • Concerns about National Safety and Security and Lack of Transparency
  • Reluctance to Accept the New Economic Order
  • Policy Developments

• Conclusion about the Role of SWFs in the Re-polarization of the Global Economy

• Acknowledgements

• References

The following sections are included:

• Introduction

• Indonesian Context

• The EU and Indonesia — Past and Existing Connections

• A New European-Indonesian Connection Through a Public-Private Partnership

• The Auvergne Vulcania PPP in France

• The Vulcania Indonesia International PPP

• Conclusion: A New Europe-Indonesia Linkage for Bridging the Gap in a Tri-polar World?

• Acknowledgements

• References

The following sections are included:

• Introduction
  • The General Conditions of China’s Economic and Social Development Since the Beginning of Its Reform and Opening Up
  • The History of Evolution, Reform, and Improvement of China’s Social Security System

• The Current Conditions, Problems, and Challenges of China’s Social Security System
  • Current Problems of China’s Social Security System
  • Challenges Facing China’s Social Insurance System

• The Relation between the Perfection of the Social Security System and the Sustainable Social and Economic Development
  • The Perfection of China’s Social Security System is the Preliminary Condition of Its Social Stability
  • The Improvement and Perfection of China’s Social Security System is the Fundamental Guarantee of Its Sustainable Economic Development

• China Needs More Reforms of Its Social Security System to Become a Part of the Tri-polar World After the Current Re-polarization Proces

• Acknowledgements

• References

The following sections are included:

• Index