Straddling Economics and Politics
Cross-Cutting Issues in Asia, the United States, and the Global Economy
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This collection of essays examines the case for and against globalization, the effects of U.S. economic and foreign policy, and numerous issues related to Asian economics and politics. Published in prominent journals and news media between 1996 and 2001, these cross-cutting essays are as relevant today as when they were first written. The author provides remarkable insight into the economic and military directions in which particular countries or regions are moving, and what these movements portend for the future.
Table of Contents
Foreword
Figures
Tables
Part I: The Global Economy
Chapter 1
Globalization: Meaning and Measurement
Chapter 2
Globalization: Less Than Meets the Eye
Chapter 3
Financial Crises and the Challenge of "Moral Hazard"
Chapter 4
The Morning After
Chapter 5
Financial Flu Isn't Contagious
Chapter 6
History Hasn't Ended: the Struggle Between Markets and Governments Resumes
Chapter 7
The WTO Controversy: Exaggerated Fears and Unrealistic Hopes
Chapter 8
Economic Facts Point to a Weak Euro
Chapter 9
E Pluribus Incertum Unum
Chapter 10
The Crisis of George Soros
Part II: The U.S. Economy and Foreign Policy
Chapter 11
Whether and When to Intervene
Chapter 12
Tax Cuts, Debt Reduction, and "Fairness": Why Tax Reduction Is No More "Unfair" Than Debt Reduction
Chapter 13
False Alarms About the U.S. Trade Deficit
Chapter 14
Two Deficits That Just Don't Matter
Chapter 15
Taxes, Trade, and Growth
Part III: Asian Economics and Politics
Chapter 16
Are "Asian Values" Really That Unique?
Chapter 17
Through a Hazy Crystal Ball: Asia's Economic Outlook, 1997-2020
Chapter 18
Asia in 2015
Chapter 19
The Accumulation of Military Capital in Asia and the United States, 1997-2015
Chapter 20
Too Much Government Control
Chapter 21
The End of Asia's Economic Crisis
Chapter 22
When Good News Isn't Newsworthy
Chapter 23
Asia's Dramatic Recovery
Chapter 24
China After Deng
Chapter 25
Why China's 8 Percent Growth Target Is Not Good News
Chapter 26
China's Devaluation: Whether, When, How Much?
Chapter 27
China's Hierarchs Face a Critical Dilemma
Chapter 28
Communists and Capitalists in China: Who Will Co-Opt Whom?
Chapter 29
China Continues Its Fitful March Toward Capitalism
Chapter 30
One China Three Systems?
Chapter 31
Restarting Cross-Strait Relations: Beyond the Dialogue of the Deaf
Chapter 32
Curing Japan's Economic Malaise
Chapter 33
Long-Term Prospects for Japan
Chapter 34
New Therapies for Japan's Economic Sclerosis
Chapter 35
Japan's Comfortable Stagnation
Chapter 36
How to Defend Japan While "Engaging" China
Chapter 37
When a Balance of Power Can Be Destabilizing
Chapter 38
Managing the Costs of Korean Reunification- If It Occurs
Index
Authors
About the Author
Research conducted by
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