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Japan and China in East Asian Integration

Lim Hua Sing

Publication Year: 2008

This is an excellent and versatile textbook, as well as an intervention in the scholarly debate on the Asian economies. During the last few years Lim has paid particular attention to China, realizing that the Chinese and Japanese economies are complementary and dependent on each other. The chapters are free-standing, which makes it easier to use the book as a text, as the instructor can be selective, if needed. — Professor Hans C. Blomqvist, Swedish School of Economics and Business Administration, Helsinki, Finland "Professor Lim's book is not only a discussion of the Japanese upswing and decade-long plateau. Most of all it is about Japan's position in the interdependent economies of East and Southeast Asia. What this book convincingly demonstrates is that, despite the rise of China, the Japanese will remain a major source of expansion and innovation in ASEAN, in Asia and beyond." — Professor David Reisman, Department of Economics, Nanyang Technological University, Singapore

Published by: ISEAS–Yusof Ishak Institute

Title Page, Copyright Page

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Table of Contents

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About the Author

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pp. x

Lim Hua Sing, PhD, is Professor at the Institute of Asia-Pacific Studies and the Graduate School of Asia-Pacific Studies at Waseda University, Tokyo, Japan. He is also Director of the Institute of Chinese Economies, Waseda University. He has published extensively in the fields of Asian and...

List of Tables and Charts

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pp. xi-xiii


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pp. xiv-xvi

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pp. xvii

The author is grateful to Professor Okushima Takayasu, former President of Waseda University, Professor Shiraishi Katsuhiko, current President of Waseda University and Professor Enatsu Ken’ichi, Vice-President of Waseda University. To friends and colleagues of the Graduate School...

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Preface to the Fifth Edition

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pp. xviii-xxii

Since the Asian financial crisis erupted in 1997, most of the affected countries in Asia have, to some degree, miraculously recovered from the hard-hitting crisis within a year or two. Asia, as a dynamic region, has once again attracted the world’s attention. Over the last few years, economic cooperation...

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Preface to the Fourth Edition

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pp. xxiii-xxvii

Japan’s economic role in the world and Asia in particular, has been diminishing since the collapse of the bubble economy in 1991. Over the last 12 years, the Japanese economy has not managed to recover and her contribution to Asia (in terms of foreign direct investment, international trade, Official Development Assistance...

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Preface to the Third Edition

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pp. xxviii-xxix

Japan is at the crossroads of Asia. She is expected to contribute more towards Asia’s economic revitalization and development, but encounters two problems. One, the Japanese economy has not bottomed out since the collapse of the bubble economy in 1991. The prolonged stagnant economy of Japan Inc. has forced her...

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Preface to the Second Edition

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pp. xxx-xxxiii

For about two months before Lee Teng Hui made the sudden “state-tostate” announcement on 9 July 1999, most of the countries in the Asia- Pacific region had started experiencing some kind of economic recovery from the recent crisis. With relatively stable currency exchange rates installed, stock and property...

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Preface to the First Edition

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pp. xxxiv-xxxvii

The increasing trauma of worldwide economic recession has generated a disconcerting tendency: short-sighted protectionist policies are being established in some major industrialized countries, at the serious expense of fruitful international co-operation, to increase world trade and development. Protectionist policies...

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1. Japanese Perspectives on Malaysia’s “Look East” Policy

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pp. 1-26

The “Look East” policy was publicly announced by the Malaysian Prime Minister, Datuk Seri Dr Mahathir Mohamad, in December 1981. This policy has gained momentum and has become an important part of Malaysia’s national policy. However, it has also probably created some...

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2. The Japan-Malaysia Economic Relationship towards the Twenty-first Century

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pp. 27-45

The Japan-Malaysia economic relationship has developed rapidly especially after the “Look East” policy was publicly announced in December 1981. The Japan–Malaysia relationship has, however, become an important concern of the two countries, especially the latter, when they formulated...

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3. Japan–Singapore Trade Frictions: A Study of Japanese Non-Tariff Barriers

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pp. 46-78

Japan has been accused of imposing non-tariff barriers (NTBs) on imports of foreign products. NTBs form an important part in defining the closed and protectionist market in Japan. This chapter identifies — through a comprehensive survey of Singapore exporters and manufacturers and, to a lesser...

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4. Japanese Foreign Direct Investment and Japanese-Style Management in Singapore

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pp. 79-117

Foreign direct investment has contributed greatly towards Singapore’s rapid economic development. Foreign investment commitments have dominated (in value) investment commitments to Singapore’s manufacturing sector with the lowest of 65.6 per cent and the highest of 86.1 per cent in the...

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5. Japan in ASEAN: Potential Trade Frictions

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pp. 118-146

After the second oil-shock in 1979–1981, trade frictions between Japan and the Western countries, that is the US and the EC, escalated. Relatively higher-quality and lower-priced Japanese manufactured goods have overwhelmed not only the markets in ASEAN but also those in Europe and North America...

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6. Japan’s Role in ASEAN’s Economic Development — Trade and Investment

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pp. 147-170

ASEAN has been Japan’s important supplier of raw materials, production base for manufacturing industries and market for manufactures. ASEAN supplies both industrial and agricultural raw materials, at reasonable prices, which have been instrumental in Japan’s rapid economic development since the...

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7. Japanese Economic Involvement in Asia and Chinese Partnerships

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pp. 171-188

The second and third parts are analyses based on the results of a questionnaire survey, which was conducted in Japan in June 1992. It was carried out by the Japanese Enterprises Internationalization Study Group of Chukyo University. Questionnaires were sent out to 114 selected large enterprises...

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8. Economic Superpower and International Roles

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pp. 189-205

Japan is the only highly industrialized country in Asia. Japanese economic development has been promising, despite setbacks and stagnation. As an economic giant, Japan is expected to make contributions to peace and economic development in the world in general, and to the...

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9. Japan’s ODA and Economic Performance in Asia

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pp. 206-233

Japan experienced 0.7 per cent GDP growth rate in 1994 and 1.9 per cent in 1995. During the same period, GDP growth rates for China were 11.0 per cent and 8.5 per cent; for ASEAN (excluding Singapore) they were 7.1 per cent and 7.4 per cent (Indonesia’s were 7.0 per cent and 7.2 per cent) and for the...

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10. Japan and the Asian Economic Crisis

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pp. 234-255

Some years ago, people started talking about the slowdown of the economic development among the Asian countries and ASEAN in particular. However, it was not only until the summer of 1997, that the Asian economic crisis erupted with the collapse of currencies and stock markets in Southeast Asia. On...

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11. Japan’s Bubble Economy and Asia’s Economic Recovery

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pp. 256-270

The collapse of the so-called bubble economy in March 1991 in Japan and the long entrenchment of Japan’s economy in the doldrums of recession and financial despair can be considered one of the important factors contributing to the Asian financial crisis that erupted in July 1997. Similarly, it is one...

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12. Japan’s Initiatives and Asia’s Revitalization

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pp. 271-286

Nowadays, the economic development of Asia is both uncertain and unpredictable. The Asian countries (Japan, NIEs, ASEAN and China) have in recent years, displayed both economic might as well as economic slump. Three years have passed since the Asian financial crisis first erupted...

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13. Chinese Abroad: Problems and Adaptation

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pp. 287-296

According to a 1998 estimate, about 27.19 million kaei Chinese descent (people of Chinese ancestry who live outside China) lived in Asia (not including those residing in continental China, Hong Kong, Macau and Taiwan), in particular in countries of the Association of Southeast Asian Nations...

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14. APEC, ASEAN and China

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pp. 297-304

At the eighth unofficial APEC summit held in Brunei in last November, members discussed such problems as economic globalization, the New Economy, the holding of a new round of multilateral trade talks under the World Trade Organization (WTO) framework, regional...

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15. Japan and the China Market

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pp. 305-321

As if the ongoing trade war between Japan and China is not enough, the Japanese history textbook issue, former Taiwanese President Lee Tenghui’s visit to Japan and Prime Minister Junichiro Koizumi’s visit to Yasukuni Shrine are complicating matters between the two nations, whose relations...

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16. Japanese and Chinese Economies in Perspective

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pp. 322-331

Among industrialized countries Japan is the most passive one to make use of foreign experts and engineers. Foreign workers in Japan constitutes only one per cent of the total workers or 700,000. Out of the foreign workers, those who are specialists amounts only to...

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17. Japan’s Distorted Policies towards Asia

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pp. 332-346

Nikai probably chose India in view of its remarkable growth in the last four to five years. It seems he has no intention of excluding the United States from East Asia. What is more, the proposed members had already been approved at the East Asian summit in Malaysia in...

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18. The Characteristics of East Asian Multi-Lateral Cooperation

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pp. 347-355

Despite the territorial and sovereignty disputes among East Asian countries, East Asian multi-lateral cooperation is currently working on promoting political dialogue and economic alliance. These regional disputes, such as those involving the Diaoyutai Islands or Senkaku Islands, Paracel...

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19. With Great Power Comes Great Responsibility

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pp. 356-359

When Chinese President Hu Jintao made an official visit to the United States in April 2006, he was invited to a reception held in his honor at the home of Microsoft Corp. Chairman Bill Gates. It was most uncommon for the top leader of a major power to visit the residence of an...

Select Bibliography

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pp. 360-363


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pp. 364-371

E-ISBN-13: 9789812307484
Print-ISBN-13: 9789812307446

Page Count: 371
Publication Year: 2008

Edition: 1

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Subject Headings

  • Japan -- Foreign economic relations -- Asia.
  • Asia -- Foreign economic relations -- Japan.
  • China x Foreign economic relations -- Asia.
  • Asia -- Foreign economic relations -- China.
  • Asian cooperation.
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