Format:
1 online resource (282 pages)
ISBN:
9780821384381
,
9780821382400
Content:
A great burst of globalization brought the 20th century to a close, creating upheaval in the world economy from roughly 1995 to 2008. And now a second upheaveal is in the offing following the severe financial crisis that plunged the global economy into recession in 2008-09. The first upheaval witnessed a massive migration of manufacturing and certain business services that transformed Asia into the industrial heartland of the world. The second upheaval will likely consolidate Asia's industrial preeminence and could result in a concentration of industrial activities in the two most populous and fastest-growing Asian economies -- China and India. As the two Asian giants become the industrial equals of the United States, Germany, and Japan, the ramifications will affect trade and growth worldwide, the future of development in China and India, and industrialization throughout Asia. This book examines these developments, focusing specifically on China and India. Its analysis and conclusions will be of particular interest to policy makers and academics, as well as anyone with an interest in how China and India are likely to reshape industry thruoghout Asia.
Content:
Intro -- Contents -- Acknowledgments -- About the Authors -- Abbreviations -- Chapter 1. Introduction -- China Awakens -- India Gathers Speed -- The Puzzle of Growth Miracles -- Enter Korea -- China Sets a New Benchmark -- India in the Global Scales -- Savings, Investment, Technology, and Growth: A Comparison -- In a Class of Its Own -- References -- Chapter 2. Development Experience of China and India -- China's Industrial Development -- India's Development Experience -- References -- Chapter 3. Trade Dynamics in China and India -- Asian Intraregional and Intra-industrial Trade -- Investing to Export -- Wages and Labor Productivity -- Competitive Advantage and Its Evolution -- Role of FDI and Processing Trade -- China and India as Importers -- References -- Chapter 4. Unfolding Industry Dynamics in East and South Asia -- Industrial Trends in the Rest of Asia -- Trade Competition: China, India, and the Rest -- Technological Capabilities and Competitiveness -- Future Prospects -- References -- Chapter 5. The Drivers of Asia's Industrial Geography -- Rebalancing the United States -- Savings and Investment -- Major Technological Shifts -- Clustering of Industrial Activities -- Shift in Global Production Networks -- References -- Chapter 6. Industrial Strategy at a Crossroads -- Scenario 1: Business as Usual -- Scenario 2: Concentration of Economic Activities in China and India -- Scenario 3: New Industrial Epoch, New Opportunities -- Concluding Observations -- References -- Index -- Figures -- 1.1 Per Capita GDP Growth of Germany and Japan (Deviation from World per Capita GDP Growth) -- 1.2 Per Capita GDP Growth of China, India, and the Republic of Korea (Deviation from World per Capita GDP Growth) -- 1.3 Gross Capital Formation -- 1.4 Gross Domestic Savings -- 1.5 Exports of Goods and Services -- 1.6 Share of World GDP.
Note:
Description based on publisher supplied metadata and other sources
,
Contents; Acknowledgments; About the Authors; Abbreviations; Chapter 1. Introduction; Tables; Figures; Chapter 2. Development Experience of China and India; Chapter 3. Trade Dynamics in China and India; Chapter 4. Unfolding Industry Dynamics in East and South Asia; Chapter 5. The Drivers of Asia's Industrial Geography; Chapter 6. Industrial Strategy at a Crossroads; Index
Additional Edition:
ISBN 9780821382400
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780821382400
Language:
English
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