Strategic Asia 2009-10

Title Page, Copyright

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pp. iii-iv

Contents

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pp. v-vii

Preface

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pp. ix-xv

Strategic Asia 2009–10: Economic Meltdown and Geopolitical Stability is the ninth volume in the series of annual assessments produced by the Strategic Asia Program of The National Bureau of Asian Research (NBR). This year’s volume analyzes the impact of the current global economic crisis on the ...

Strategic Asia 2009–10 Overview

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p. 1-1

The Global Economic Crisis and U.S. Power

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pp. 2-35

The current global recession is certainly the worst economic crisis that has afflicted the international system since the Great Depression. What began in the United States in 2007 as a financial crisis centered on failing subprime mortgages soon expanded into a larger recession that engulfed ...

Strategic Asia 2009–10 Country Studies

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p. 37-37

The Role of the United States inInstigating the Global Financial Meltdown

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pp. 38-68

The worst worldwide financial disturbance and global economic downturn since the 1930s had its origins in the United States. In the beginning, the crisis involved the interconnections between the mortgage and housing markets. The mortgage market represents the single largest ...

China and the International Financial Crisis

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pp. 70-102

How has the economic crisis affected China’s economy? This chapter argues that while the crisis has been painful, particularly in terms of declining exports and unemployment, China has been weathering the economic storm fairly well, in part due to the country’s strong financial ...

Japan, the Global Financial Crisis,and the Stability of East Asia

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pp. 104-129

Over the last decade, Japan’s position in Asia and the world has shifted considerably. On the one hand, the Japanese economy has increasingly become oriented toward East Asia, with much of the country’s manufacturing tied up in regional production networks. Reflecting this reality, Tokyo has ...

Between Two Whales: Korea’s Choice in the Post-Crisis Era

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pp. 130-164

The current financial and economic crisis that has emanated from the United States has had, and will continue to have, a serious impact on the economy of South Korea (Korea henceforth). Not only have the Korean financial markets been adversely affected by the failures of the U.S. financial ...

Russia and the Global Crisis:Consequences of Delayed Reform

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pp. 166-197

Russia finds itself on the horns of a dilemma of historic proportion. In order to recover as an industrial and military power and participate in world affairs, it urgently needs to reform its financial and economic institutions. Those reforms, however, are inherently destabilizing: freeing ...

India: Rising Through the Slowdown

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pp. 199-230

Though Wall Street investors call India an emerging market, India’s economists view the country as a re-emerging and a globally reintegrating economy.¹ This reintegration began in the wake of a balance of payments crisis in 1990–91 and was influenced by the dynamics of the collapse of the ...

Strategic Asia 2009–10 Regional Study

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p. 231-231

The Global Economic Crisis and the Development of Southeast Asia

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pp. 232-257

Southeast Asia in late 2008 and early 2009 was, like much of the rest of the world, hit by a large man-made tsunami in the form of a worldwide financial meltdown and severe recession. The impact of this tsunami was not focused on the financial sector in Southeast Asia because the region had already ...

Strategic Asia 2009–10 Special Study

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p. 259-259

To Repair, Replace, or Re-imagine the NPT Regime: Lessons from Strategic Politics in Asia

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pp. 260-292

The overwhelming majority of countries have committed themselves to preventing nuclear weapons proliferation by joining the Nuclear Non-Proliferation Treaty (NPT). Nevertheless, the nonproliferation regime faces grave challenges. North Korea’s violation of and withdrawal from the treaty, ...

Strategic Asia 2009–10 Indicators

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pp. 293-307

The following twelve pages contain tables and figures drawn from NBR’s Strategic Asia database and its sources. This appendix consists of fourteen tables covering politics and international relations, economies, trade and investment, energy, security challenges, and weapons of mass ...

About the Contributors

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pp. 309-314

About Strategic Asia

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pp. 315-317

Index

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pp. 319-328