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econinte.ppt
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- 2. Outline • Economic development –Flying geese, falling geese • Economic interdependence • ASEAN • Northeast Asia
- 3. Postwar Development I •Flying geese pattern of economic development, by industry
- 4. Postwar Development II •Flying geese pattern of economic development, by region
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- 6. ASEAN: overview • Associationof Southeast Asian Nations • 10 member states – Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, & Vietnam • home to 667 million people • collective GDP of more than US$3 trillion
- 7. ASEAN: founding (1967) •5 founding members: – Thailand, Malaysia, Singapore, Indonesia, Philippines • Bangkok Declaration of 1967: – accelerate economic growth – promote regional peace and stability – contain the spread of communism
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- 9. End of ColdWar • ASEAN Free Trade Area agreement was signed at ASEAN summit in 1992 • comprehensive program of regional tariff reduction • program later broadened and accelerated • reaffirmed during Asian Financial Crisis of 1997-98
- 10. Expansion of ASEAN •later members all agreed to join the ASEAN Free Trade Area as well • 1995: Vietnam • 1997: Laos • 1997: Myanmar • 1999: Cambodia
- 11. ASEAN: External Links •A joint forum with Japan was established in 1977 • A cooperation agreement with the European Community was signed in 1980 • ``ASEAN + 3”: regular series of meetings at the cabinet and head-of-government levels with Japan, China, and South Korea since 1997
- 12. ASEAN Trade inGoods 2019
- 14. Northeast Asia • Japan,South Korea, North Korea • Mainland China, Hong Kong, Taiwan • Mongolia, Russia
- 15. Northeast Asia • Comparedwith Southeast Asia and West Europe, Northeast Asia has lagged behind – in developing mechanisms or institutions – of coordination, cooperation, or integration • especially considering the immense economic potentials in the region – natural resources – human infrastructure
- 16. Political Difficulties • Legaciesof World War II – Japanese atrocities in Pacific Asia • Legacies of Cold War – partition of Korea
- 17. Political difficulties • Territorialdisputes between – Japan and China – Japan and South Korea • “Sea of Japan” or “East Sea”? – Japan and Russia • mutually reinforcing suspicions
- 19. Current Status • Washington-Tokyo-Beijingtriangle – PRC & Japan regard relationship with each other as 2nd in importance to that with US • Japan plays significant role in integrating PRC into world economy • Japan has a vital interest in PRC’s development and stability • Economic interdependence
- 20. PRC’s Trade Partners2018 • Japan is mainland China’s second largest trade partner and import source • Total trade volume nearly $1bn per day • Total imports from Japan: US$166 billion – 9% of mainland China’s total imports • Total exports to Japan: US$137 billion – 6% of mainland China’s total exports
- 22. Japan’s Trade Partners •Mainland China is Japan’s largest trade partner, largest source of imports, and 2nd largest destination of exports – US$297 billion trade in 2017 – compared with $207 billion trade with US • PRC (including Hong Kong) became Japan’s largest trade partner in 2004 – surpassed the US for the first time
- 23. Japan’s Direct Investment •Largest investment source outside of greater China before 2013 • Over 30,000 Japan-invested enterprises • Directly or indirectly employ over 10 million people
- 24. 0 1 2 3 4 5 6 7 8 1986 1988 19901992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 Japan US Foreign Direct Investment in Mainland China (Billion US$)