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Macroeconomics for Emerging East Asia presents a distinctive approach to the study of macroeconomic theory and policy. The author develops a unique analytical framework that incorporates: (1) both internal and external balance as aspects of macroeconomic stability; (2) both the exchange rate and the interest rate as monetary policy instruments, (3) government debt sustainability as a concern of fiscal policy, and (4) global capital flows as a force to be reckoned with. The framework provides students with the foundational knowledge to analyze macroeconomic issues common to emerging economies. Concepts are illustrated using the latest empirical data and extensive case study analysis for thirteen economies of Northeast and Southeast Asia (Cambodia, China, Hong Kong, Indonesia, Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam). The book's lucid exposition accommodates students of differing levels of preparation.
Macroeconomics for Emerging East Asia presents a distinctive approach to the study of macroeconomic theory and policy. The author develops a unique analytical framework that incorporates: (1) both internal and external balance as aspects of macroeconomic stability; (2) both the exchange rate and the interest rate as monetary policy instruments, (3) government debt sustainability as a concern of fiscal policy, and (4) global capital flows as a force to be reckoned with. The framework provides students with the foundational knowledge to analyze macroeconomic issues common to emerging economies. Concepts are illustrated using the latest empirical data and extensive case study analysis for thirteen economies of Northeast and Southeast Asia (Cambodia, China, Hong Kong, Indonesia, Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam). The book's lucid exposition accommodates students of differing levels of preparation.
Through the outline of a coherent theoretical foundation for understanding East Asian international relations, this textbook offers a fresh, analytical approach, including applications of evolutionary theory that differ from and contextualize the prevailing theories currently offered for studies of East Asia. It provides an extensive coverage of ancient world order and European imperialism preceding contemporary themes of security, economic development, money and finance, regionalism, the US-China rivalry, and democracy versus autocracy. Demonstrating systemically how facts and theories are constructed, and how these are bound by evolutionary constraints, students gain a realistic view of knowledge production and the mindset and tools to participate actively in determining which facts and theories are more acceptable than alternatives. Feature boxes, discussion questions, exercises, and recommended readings are incorporated into each chapter to encourage active learning. A vital new resource for advanced undergraduate and graduate students in political science, international relations, and Asian studies.
Through the outline of a coherent theoretical foundation for understanding East Asian international relations, this textbook offers a fresh, analytical approach, including applications of evolutionary theory that differ from and contextualize the prevailing theories currently offered for studies of East Asia. It provides an extensive coverage of ancient world order and European imperialism preceding contemporary themes of security, economic development, money and finance, regionalism, the US-China rivalry, and democracy versus autocracy. Demonstrating systemically how facts and theories are constructed, and how these are bound by evolutionary constraints, students gain a realistic view of knowledge production and the mindset and tools to participate actively in determining which facts and theories are more acceptable than alternatives. Feature boxes, discussion questions, exercises, and recommended readings are incorporated into each chapter to encourage active learning. A vital new resource for advanced undergraduate and graduate students in political science, international relations, and Asian studies.