Regionalism and Rivalry: Japan and the U.S. in Pacific Asia

Regionalism and Rivalry: Japan and the U.S. in Pacific Asia

by Jeffrey A. Frankel, Miles Kahler
     
 

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As Japan's newfound economic power leads to increased political power, there is concern that Japan may be turning East Asia into a regional economic bloc to rival the U.S. and Europe. In Regionalism and Rivalry, leading economists and political scientists address this concern by looking at three central questions: Is Japan forming a trading bloc in Pacific Asia

Overview

As Japan's newfound economic power leads to increased political power, there is concern that Japan may be turning East Asia into a regional economic bloc to rival the U.S. and Europe. In Regionalism and Rivalry, leading economists and political scientists address this concern by looking at three central questions: Is Japan forming a trading bloc in Pacific Asia? Does Japan use foreign direct investment in Southeast Asia to achieve national goals? Does Japan possess the leadership qualities necessary for a nation assuming greater political responsibility in international affairs?

The authors contend that although intraregional trade in East Asia is growing rapidly, a trade bloc is not necessarily forming. They show that the trade increase can be explained entirely by factors independent of discriminatory trading arrangements, such as the rapid growth of East Asian economies. Other chapters look in detail at cases of Japanese direct investment in Southeast Asia and find little evidence of attempts by Japan to use the power of its multinational corporations for political purposes. A third group of papers attempt to gauge Japan's leadership characteristics. They focus on Japan's "technology ideology," its contributions to international public goods, international monetary cooperation, and economic liberalization in East Asia.

Product Details

ISBN-13:
9780226260242
Publisher:
University of Chicago Press
Publication date:
12/01/2007
Series:
National Bureau of Economic Research Conference Report
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
488
File size:
5 MB

Meet the Author

Jeffrey A. Frankel is professor in the Department of Economics at the University of California, Berkeley. Miles Kahler is professor in the Graduate School of International Relations and Pacific Studies at the University of California, San Diego.

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