By Hisashi Watanabe (auth.), Prof.Dr. Wolfgang Klenner, Prof.Dr. Hisashi Watanabe (eds.)

This booklet incorporates a selection of papers by means of jap and German authors facing the continued globalization procedure and outstanding fluctuations within the nearby fiscal improvement in East Asia. The contributions talk about the stabilizing and destabilizing components of the globalization procedure. The authors examine the several techniques for monetary coverage to stabilize an ever extra tightly interwoven international economic climate. within the heart of the dialogue are advancements in East Asia and the eu Union.

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Extra info for Globalization and Regional Dynamics: East Asia and the European Union from the Japanese and the German Perspective

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And they have finally opened their markets, at least to a greater extent than before. They have obviously come into the full range of benefits of globalization, but they have not yet adequately performed the resulting new and comprehensive tasks involving basic adaptations. But it is the very nature of globalization that it imposes greater demands in terms of flexibility and adaptability, to say nothing of the fact that the traditional institutions too require thoroughgoing changes. For many decades Japan was obviously exemplary in its domestic innovativeness, willingness to restructure and pioneering spirit, as it showed by following, as a rule, the signals of the market.

The Americans want to sell more goods and services on Asian markets and establish or further strengthen their financial dominance. Despite the economic difficulties in many Asian countries, the Americans believed that there would continue to be good export opportunities for US suppliers. ). ). But before US imports to many Asian countries can be increased, the gigantic economic crisis must first be overcome, a new financial crisis must be avoided, and a stable financial structure along with the conditions for a sound economic structure must have taken shape.

XI, No. III, Spring/Sununer 1998. , Economic Cooperation in a Pacific Community. The Japan Institute for International Affairs, Tokyo 1980. Kraus, W. , Atlantische Gegenwart - Pazifische Zukunft? Anmerkungen zur wirtschafts- und aui3enpolitischen Orientierung der USA, In: Asien. Deutsche ZeitschriJt fur Politik, Wirtschaft und Kultur, Nr. 10, Jan. 1984. , The Myth of Asia's Miracle. In: Foreign Affairs, Vol. 73, 1994. Krugman, P. and Venables, A. , Globalization and inequality. In: Quarterly Journal of Economics 1995.

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