Abstract
Since the late 1980s the pace of economic globalization has accelerated. International trade has grown twice as fast as world GDP, and international capital flows have increased the speed of this expansion. Although the Asian economic crisis put a brake on the phenomenon, when we look at the recovery process, we find that globalization has not slowed, let alone reversed.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Aoki, M. (2002) ‘Seido no Daitenkan Sokushin o’ (Promote a mega-shift of institutions [in Japanesel), Nihon Keizai Shinbun, 4 January.
Barro, R. J. and X. Sara-i-Martin (1995) Economic Growth (New York: McGraw-Hill).
Bordo, M. D., B. Eichengreen, and J. Kim (1998) ‘Was There Really an Earlier Period of International Financial Integration Comparable to Today?’, NBER Working Paper, no. 6738 (Cambridge, Mass.: NBER).
Dornbusch, R. (1997) ‘Jiyu Keizai, Kojin-shugi e Kaiki’ (Back to a Free Economy and Individualism [in Japanese]), Nihon Keizai Shinbun, 9 September.
Haque, N. U. and S.-J. Kim (1995) “Human Capital Flight”: Impact of Migration on Income and Growth’, IMF StaffPapers no. 42 (Washington, DC: IMF).
International Monetary Fund (IMF) (2001a) International Capital Market (Washington, DC: IMF).
Intemational Monetary Fund (IMF) (2001b) World Economic Outlook, October (Washington, DC: IMF).
King, R. G. and R. Levine (1994) ‘Capital Fundamentalism, Economic Development, and Economic Growth’, Carnegie-Rochester Conference Series on Public Policy, no. 40 (New York: Elsevier), pp. 259–92.
Kohsaka, A. (1999) ‘Macroeconomic Management under the Increasing Capital Market Integration in the Asia Pacific Region: Beyond the Tom Yam Effect’, in S. Motamen-Samadian and C. Garrido (eds), Emerging Markets: Past and Present Experiences, and Future Prospects, (London: MacMillan).
Kohsaka, A. and K. Ohno (eds) (1996) Structural Adjustment and Economic Reform (Tokyo: Institute of Developing Economies).
Krugman, P. (1997) ‘Rikoshin Sijo no Shori Michibiku’ (Egoism Led to the Victory of the Market [in Japanese]), Nihon Keizai Shinbun, 3 September.
Stiglitz, J. E. (2002) Globalization and its Discontents (New York: W.W. Norton).
UNCTAD (various years) World Investment Report (New York: UNCTAD).
World Bank (1993) The East Asian Miracle (New York: Oxford University Press).
World Bank (various years) World Development Report (New York: Oxford University Press).
World Bank (2000) East Asia: Recovery and Beyond (Washington, DC: World Bank).
Editor information
Editors and Affiliations
Copyright information
© 2004 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Kohsaka, A. (2004). National Economies under Globalization: A Quest for New Development Strategies. In: Kohsaka, A. (eds) New Development Strategies. Palgrave Macmillan, London. https://doi.org/10.1057/9780230523609_4
Download citation
DOI: https://doi.org/10.1057/9780230523609_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51495-3
Online ISBN: 978-0-230-52360-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)