{"product_id":"asias-turning-point-isbn-9780470823606","title":"Asia's Turning Point","description":"Asia was probably the biggest economic sensation of the post-war decades. The breathtaking success of Japan was followed by a remarkable rise of \"four tigers\", then ASEAN founder states and then China. The Asian miracle became a commonly accepted definition of this success. In the late 1970s and especially 80s it became clear that the balance of power in the world had changed. Politicians, businessmen, scholars began to talk about \"the new Asia Pacific age\" and Asian economic model, different from and, maybe, even superior to Western capitalism. However, in 1997-98 the Asian economic crisis came and made the region a sick man. Six years before that Japan, the regional powerhouse entered more than a decade-long period of stagnation. The miracle was over. However, the crisis was overcome within a surprisingly short period of time. Naturally, the question arises: What now? What is going on in the region after the miracle and after the crisis? What is today's face of Asian capitalism and how should we view its performance?\u003cbr\u003e \u003cbr\u003e Readers interested in regional developments will find a lot of literature about miracle decades and crisis years. However, few analysts have addressed the challenging questions addressed in this book.\u003cbr\u003e \u003cbr\u003e The authors vividly show that Asian capitalism is undergoing a radical structural transformation. These changes are directly affecting its key institutions: governments, companies, labor relations, etc. As a result Asian economic systems are becoming much closer to the Western-style, especially Anglo-Saxon capitalism, though the region retains some important specific features, especially regarding business culture.\u003cbr\u003e \u003cbr\u003e This book is a must for business people worldwide, for all those who study the region in colleges and business schools, for people engaged in various international activities and, finally, for all those who want learn more about our world at the dawn of the new century. \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003ePrologue 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Region 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: \u003c\/b\u003e\u003cb\u003eThe East Asian Miracle in Retrospect 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSimilarity in Diversity 7\u003c\/p\u003e \u003cp\u003eWhy Rapid Growth? 10\u003c\/p\u003e \u003cp\u003eThe East Asian Model of Capitalism: An Outline 10\u003c\/p\u003e \u003cp\u003eThe East Asian Model of Capitalism: How It Worked for Growth 14\u003c\/p\u003e \u003cp\u003eThe Asian Crisis: The Final Curtain 16\u003c\/p\u003e \u003cp\u003eEntering a New Stage 20\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: \u003c\/b\u003e\u003cb\u003eA New Wave of Growth 23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEast Asia in the World: Its Present Position 24\u003c\/p\u003e \u003cp\u003eRunning Fast But Slowing Down 28\u003c\/p\u003e \u003cp\u003eLabor and Capital: Inputs and Productivity 29\u003c\/p\u003e \u003cp\u003eGrowth Drivers on the Demand Side 36\u003c\/p\u003e \u003cp\u003eChina-led Growth 36\u003c\/p\u003e \u003cp\u003eThe Growth of Poor Quality: Energy Inefficiency and Environmental Unfriendliness 38\u003c\/p\u003e \u003cp\u003eThe Impact of the Global Financial Turmoil 40\u003c\/p\u003e \u003cp\u003eConcluding Remarks 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: \u003c\/b\u003e\u003cb\u003eStructural Transformation: The State 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Developmental State is Yesterday 47\u003c\/p\u003e \u003cp\u003e “Less Government, More Market” 49\u003c\/p\u003e \u003cp\u003eIndustrial Policy: Still There, But… 51\u003c\/p\u003e \u003cp\u003eAn Emphasis on Upgrading and Innovation 56\u003c\/p\u003e \u003cp\u003eModernizing Agriculture: A New Old Task 57\u003c\/p\u003e \u003cp\u003eSOEs and GLCs as Leaders in the Market Economy 60\u003c\/p\u003e \u003cp\u003eConcluding Remarks 63\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: \u003c\/b\u003e\u003cb\u003eStructural Transformation: Business 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThree Big Shifts 65\u003c\/p\u003e \u003cp\u003eOwnership Shift 66\u003c\/p\u003e \u003cp\u003eCorporate Governance Shift 77\u003c\/p\u003e \u003cp\u003eDominant Shareholders: A New Mentality, a New Mode of Action 81\u003c\/p\u003e \u003cp\u003eConcluding Remarks 85\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: \u003c\/b\u003e\u003cb\u003eStructural Transformation: Labor Relations 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview: Directions of Change and New Challenges 87\u003c\/p\u003e \u003cp\u003eEvolving Practices and Way of Thinking 88\u003c\/p\u003e \u003cp\u003eThe Signs of a New HRM System 90\u003c\/p\u003e \u003cp\u003eBuilding Sustainable Labor Relations 92\u003c\/p\u003e \u003cp\u003eConcluding Remarks 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: \u003c\/b\u003e\u003cb\u003eRegional Integration and Prospects for the East Asian Community 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Interdependence of East Asian Economies 98\u003c\/p\u003e \u003cp\u003eEast Asia’s FTAs 103\u003c\/p\u003e \u003cp\u003eRegional Institution Building: ASEAN Plus Three 108\u003c\/p\u003e \u003cp\u003eThe Creation of the East Asian Community: Dilemmas 111\u003c\/p\u003e \u003cp\u003eEast Asia’s Integration Pattern: A“Do-What-You-Can-Do” Community 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Nations 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: \u003c\/b\u003e\u003cb\u003eChina: A New Heavyweight 117\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 117\u003c\/p\u003e \u003cp\u003ePostwar Development 118\u003c\/p\u003e \u003cp\u003eStructural Reforms 122\u003c\/p\u003e \u003cp\u003ePresent Performance 123\u003c\/p\u003e \u003cp\u003eThree Super-Challenges 127\u003c\/p\u003e \u003cp\u003eThe Upgrading Game 129\u003c\/p\u003e \u003cp\u003eForeign Trade 132\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 135\u003c\/p\u003e \u003cp\u003eConcluding Remarks 138\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: \u003c\/b\u003e\u003cb\u003eHong Kong: Ten Years with China 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 143\u003c\/p\u003e \u003cp\u003eAn Historical Perspective 145\u003c\/p\u003e \u003cp\u003ePostwar Development 146\u003c\/p\u003e \u003cp\u003ePresent Performance 146\u003c\/p\u003e \u003cp\u003eForeign Trade 151\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 152\u003c\/p\u003e \u003cp\u003eConcluding Remarks 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: \u003c\/b\u003e\u003cb\u003eTaiwan: A Center of Advanced Manufacturing 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 155\u003c\/p\u003e \u003cp\u003ePostwar Development 156\u003c\/p\u003e \u003cp\u003eStructural Reforms 159\u003c\/p\u003e \u003cp\u003ePresent Performance 159\u003c\/p\u003e \u003cp\u003eForeign Trade 164\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 165\u003c\/p\u003e \u003cp\u003eConcluding Remarks 167\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: \u003c\/b\u003e\u003cb\u003eSouth Korea Reformed: Challenges for a Newly Developed Nation 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 169\u003c\/p\u003e \u003cp\u003ePostwar Development 170\u003c\/p\u003e \u003cp\u003eStructural Reforms 173\u003c\/p\u003e \u003cp\u003ePresent Performance 175\u003c\/p\u003e \u003cp\u003eForeign Trade 179\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 180\u003c\/p\u003e \u003cp\u003eConcluding Remarks 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: \u003c\/b\u003e\u003cb\u003eSingapore: Globalized, Entrepreneurial, Diversified 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 185\u003c\/p\u003e \u003cp\u003ePostwar Development 187\u003c\/p\u003e \u003cp\u003eStructural Features 190\u003c\/p\u003e \u003cp\u003ePresent Performance 191\u003c\/p\u003e \u003cp\u003eForeign Trade 196\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 197\u003c\/p\u003e \u003cp\u003eConcluding Remarks 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: \u003c\/b\u003e\u003cb\u003eMalaysia: Developed by 2020? 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 201\u003c\/p\u003e \u003cp\u003ePostwar Development 203\u003c\/p\u003e \u003cp\u003eStructural Reforms 206\u003c\/p\u003e \u003cp\u003ePresent Performance 207\u003c\/p\u003e \u003cp\u003eForeign Trade 211\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 211\u003c\/p\u003e \u003cp\u003eConcluding Remarks 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: \u003c\/b\u003e\u003cb\u003eThailand: Rice Bowl, Regional Factory, and Land of Smiles 215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 215\u003c\/p\u003e \u003cp\u003ePostwar Development 216\u003c\/p\u003e \u003cp\u003eStructural Reforms 220\u003c\/p\u003e \u003cp\u003ePresent Performance 221\u003c\/p\u003e \u003cp\u003eForeign Trade 227\u003c\/p\u003e \u003cp\u003eInward FDI and the Business Environment 228\u003c\/p\u003e \u003cp\u003eConcluding Remarks 232\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: \u003c\/b\u003e\u003cb\u003eIndonesia: The Start of the Post-Suharto Era 235\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 235\u003c\/p\u003e \u003cp\u003ePostwar Development 238\u003c\/p\u003e \u003cp\u003eStructural Reforms 242\u003c\/p\u003e \u003cp\u003ePresent Performance 244\u003c\/p\u003e \u003cp\u003eForeign Trade 248\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 250\u003c\/p\u003e \u003cp\u003eConcluding Remarks 252\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: \u003c\/b\u003e\u003cb\u003ePhilippines: Speeding up at Last 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 255\u003c\/p\u003e \u003cp\u003ePostwar Development 256\u003c\/p\u003e \u003cp\u003eStructural Reforms 260\u003c\/p\u003e \u003cp\u003ex Asia’s Turning Point\u003c\/p\u003e \u003cp\u003ePresent Performance 261\u003c\/p\u003e \u003cp\u003eForeign Trade 266\u003c\/p\u003e \u003cp\u003eInward FDI and the Business Environment 266\u003c\/p\u003e \u003cp\u003eConcluding Remarks 269\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: \u003c\/b\u003e\u003cb\u003eVietnam: A New Magnet for Investors? 271\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 271\u003c\/p\u003e \u003cp\u003ePostwar Development 271\u003c\/p\u003e \u003cp\u003eStructural Reforms (The 1990s and the 2000s) 273\u003c\/p\u003e \u003cp\u003ePresent Performance 275\u003c\/p\u003e \u003cp\u003eForeign Trade 279\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 280\u003c\/p\u003e \u003cp\u003eConcluding Remarks 283\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: North Korea: Utter Orthodoxy or Attempts to Reform? 285\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 285\u003c\/p\u003e \u003cp\u003ePostwar Development 286\u003c\/p\u003e \u003cp\u003eStructural Reforms 287\u003c\/p\u003e \u003cp\u003ePresent Performance 290\u003c\/p\u003e \u003cp\u003eForeign Trade 291\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 292\u003c\/p\u003e \u003cp\u003eEconomic Relations with South Korea 293\u003c\/p\u003e \u003cp\u003eConcluding Remarks 294\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: The Russian Far East: Yes, It is Also East Asia! 297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 297\u003c\/p\u003e \u003cp\u003eThe RFE in the Soviet Economy 298\u003c\/p\u003e \u003cp\u003eThe Market Transition of the 1990s 299\u003c\/p\u003e \u003cp\u003ePresent Performance 300\u003c\/p\u003e \u003cp\u003eForeign Trade 303\u003c\/p\u003e \u003cp\u003eInward FDI and the Business Environment 304\u003c\/p\u003e \u003cp\u003eConcluding Remarks 307\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: \u003c\/b\u003e\u003cb\u003eIndia: The Next-Door Neighbor Knocking at the Door 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Few Basics 309\u003c\/p\u003e \u003cp\u003ePostwar Development 311\u003c\/p\u003e \u003cp\u003eStructural Reforms 313\u003c\/p\u003e \u003cp\u003ePresent Performance 314\u003c\/p\u003e \u003cp\u003eForeign Trade 321\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 322\u003c\/p\u003e \u003cp\u003eConcluding Remarks 325\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: \u003c\/b\u003eJapan: Forgotten Giant 327\u003c\/p\u003e \u003cp\u003eA Few Basics 327\u003c\/p\u003e \u003cp\u003ePostwar Development 329\u003c\/p\u003e \u003cp\u003eStructural Reforms 334\u003c\/p\u003e \u003cp\u003ePresent Performance 336\u003c\/p\u003e \u003cp\u003eForeign Trade 343\u003c\/p\u003e \u003cp\u003eFDI and the Business Environment 345\u003c\/p\u003e \u003cp\u003eConcluding Remarks 348\u003c\/p\u003e \u003cp\u003eEpilogue 351\u003c\/p\u003e \u003cp\u003eReferences 355\u003c\/p\u003e \u003cp\u003eIndex 371\u003c\/p\u003e  \u003cb\u003eIvan Tselichtchev\u003c\/b\u003e is professor at the Niigata University of Management in Japan since 1994. He graduated from Moscow University in 1979 and joined Russia’s leading think tank, the Institute of World Economy and International Relations. He got his Ph.D. in 1983 and became Senior Researcher in 1984. Tselichtchev is the author of four books and co-author of many others. He has written more than 200 articles on the Asian, Japanese, Russian and international economy as well as on international politics, in English, Japanese and Russian. In 2005, the Committee of the Cabinet Office of the Government of Japan named Tselichtchev \u003ci\u003eSeikatsu Tatsujin\u003c\/i\u003e (A Master of Life) which means a person with outstanding achievements and lifestyle.\u003cbr\u003e \u003cbr\u003e \u003cbr\u003e \u003cb\u003ePhilippe Debroux\u003c\/b\u003e is a Belgian national and for over 30 years resident in Japan. He holds an MBA from INSEAD and a Ph.D. from Brussels University. He began his career in a Japanese company before entering academic life in the mid-1980s. He has since developed a successful career as a professor of business in Japan, Vietnam, Belgium and France while continuing in-depth field research focused on developments in human resource management, innovation and entrepreneurship in Japan and other Asian countries. His substantial experience in both business life and academic research give his work a particular cachet. Effectively combining theory and practice, his books and articles make a valuable contribution to our understanding of Asia.  \u003ci\u003eAsia’s Turning Point\u003c\/i\u003e is a comprehensive, one-stop introduction to the economies of Asia. Its coverage extends from Japan, China, and the “Four Tigers” to ASEAN 4, as well as Vietnam, North Korea, India, and the Far Eastern provinces of Russia. The author’s offer detailed information about each country’s economic and trade status along with a description of its business environment, including legal and cultural issues.\u003cbr\u003e \u003cbr\u003e \u003ci\u003eAsia’s Turning Point\u003c\/i\u003e uses a multi-disciplinary approach, mixing economic analysis and business concepts. It covers topics that are important in all countries in the region such as labor markets, employment issues, entrepreneurship, innovation and financial problems, as well as a number of specific sub-regional issues.\u003cbr\u003e \u003cbr\u003e \u003ci\u003eAsia’s Turning Point\u003c\/i\u003e is focused on Asia’s structural transformation at the beginning of the new century. The authors investigate far-reaching changes in government-business relations, corporate ownership, governance, management, labor relations, as well as the phenomena of new East Asian regionalism and prospects for the creation of the regional community. They argue that the dawn of the 21st century marks Asia’s turning point: the rise of a peculiar Asian model of capitalism inspired by the rise of Japan appears to be no longer feasible. Asia’s economic and business systems are Westernizing. More and more East and West are speaking the same business language. However, the Westernization is systemic, not cultural. The intrigue is that it is taking place within Asia-specific cultural and social contexts.\u003cbr\u003e \u003cbr\u003e \u003ci\u003eAsia’s Turning Point\u003c\/i\u003e combines innovative concepts with lively descriptions of Asia’s economic, business and everyday life. Readers not only deepen their knowledge about the region, but also feel its flavor and pulse. It is a must for everyone engaged in international economy, business or Asian studies, and for all those who want to learn more about today’s world.  \u003cp\u003e\u003cb\u003eAsia's Turning Point\u003c\/b\u003e  \u003ci\u003eAn introduction to Asia's Dynamic Economies at the Dawn of the New Century\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eAsia's Turning Point\u003c\/i\u003e provides a wealth of invaluable insights for anyone wishing to understand where Asia's growth miracle has come from, and where it is going in the future. It deftly highlights both the opportunities and the pitfalls on the road ahead. The authors systematically examine all of the critical forces that are shaping the Asian business and economic environment including the economic and political role of the apparatus of the state, ownership and governance, the management of local Asian companies, and Asian-style labor relations. This book is a treasure trove of information for business people, policymakers, researchers or students alike. \u003cb\u003eProf. Peter Williamson\u003c\/b\u003e \u003ci\u003eProfessor of International Management University of Cambridge Judge Business School\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eAsia's Turning Point\u003c\/i\u003e is a landmark for scholars, researchers, and businessmen. It explains why the fastest growing area of the world is Asia and why it will continue to be in the future. A large market—from Mumbai to Sydney—is taking shape with a strong determination to grow and modernize. Tselichtchev and Debroux have put together an incredibly interesting book that brilliantly captures the essence of very complex diversified socio-economic realities. \u003cb\u003eVittorio Volpi\u003c\/b\u003e \u003ci\u003eChairman, Parallels Consulting\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eAsia's Turning Point\u003c\/i\u003e is a very timely volume. A unique cluster of highly performing Asian economies has retained growth dynamics in spite of recent global financial turmoil. Its future prospects crucially depend on how we understand the three major aspects of the systemic transformation of major Asian countries: (1) the economic role and policies of the state, (2) ownership, governance, and management of companies, and (3) Asian style of labor relations. A great deal of literature covers many aspects of Asian capitalism but what sets this book apart is that it deals not only with the NIEs and ASEAN 4 but also with the \"Four Heroes\" (in authors' terms) of Vietnam, North Korea, Russian Far East, and India. This wide selection will provide a precious gift for researchers who are struggling to find a new worldwide perspective including genuine emerging economies. \u003cb\u003eKenichi Imai\u003c\/b\u003e \u003ci\u003eSenior Fellow Emeritus, Stanford University Professor of Economics, Emeritus, Hitotsubashi University\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eIvan Tselichtchev and Philippe Debroux provide a highly readable, up-to-date account of the economic development and outlook for East and Southeast Asia. \u003ci\u003eAsia's Turning Point\u003c\/i\u003e is both broad and deep. It gives a comprehensive treatment on a region-wide basis to relevant issues such as the transformation of the Asian development model, Asian business corporations, and Asian business-labor relationships. The studies of individual key economies add depth. The volume will be valuable in classrooms and for policy-makers. A tour de force, it fills a needed gap and comes at a time of history when it is even more critical to understand Asia's growth trajectory. \u003cb\u003eCharles Morrison\u003c\/b\u003e \u003ci\u003ePresident, East-West Center University of Hawaii\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988766802149,"sku":"NP9780470823606","price":45.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470823606.jpg?v=1761781511","url":"https:\/\/k12savings.com\/es\/products\/asias-turning-point-isbn-9780470823606","provider":"K12savings","version":"1.0","type":"link"}