Table of contents for Globalization and East Asia : opportunities and challenges / Khosrow Fatemi, editor.

Bibliographic record and links to related information available from the Library of Congress catalog.

Note: Contents data are machine generated based on pre-publication provided by the publisher. Contents may have variations from the printed book or be incomplete or contain other coding.


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CONTENTS 
About the Editor 
Contributors 
Preface 
Acknowledgments 
PART I: INTRODUCTION 
Chapter 1. East Asian Economic Performance in Retrospect 3 
M. Raquib Zaman 
Introduction 
The East Asian ¿Miracle¿ 
The Financial Crises of 1997 and 1998 and the Aftermath 
Lessons from the EAC Model of Economic Development 
Chapter 2. East Asia: The Growth Center 
of the Late Twentieth Century 
H. Peter Gray 
Introduction 
Borrowed Growth 
The Benefits of Open Industrialization in a Macroregion 
The Importance of Social Organization 
Conclusion 
PART II: COMPARATIVE STUDIES 
Chapter 3. Comparative Advantage Recycling 
and Clustered Growth: The Flying-Geese Paradigm 
of Tandem Catch-Up on the Pacific Rim 
Terutomo Ozawa 
xi 
Introduction 
Hegemon-Led Macroclustering and the Flying-Geese 
Paradigm 
Evolutionary Patterns of Trade and Investment 
Theory of Comparative Advantage Recycling 
The Krugman and Sachs Puzzles 
Final Remarks 
Chapter 4. The Relative Efficiencies of U.S. 
and Pacific Rim Industries: The Case of the Four Dragons 59 
Parviz Asheghian 
Introduction 
The Limitations of the Study and the Sample Size 
The Testing of Hypotheses 
Concluding Remarks 
Chapter 5. Asian Structural Differences 
and Comparative Economic Performance 73 
Vincent Dropsy 
Dennis Pollard 
Introduction 
Structural Differences in Asia 
Methodology 
Empirical Results 
Conclusions 
Chapter 6. The Asian Influence: An Analysis of Trade 
Flows Between the United States and Thailand 
103 in the Home Furnishings Industry 
Kennita Kind 
103 
Introduction 
Purpose 
Part I 
Part II 
Implications for Future Research 
125 Chapter 7. Trade and Environment Issues in APEC
Antonina Ivanova 
Manuel Angeles 
125 Introduction 
Trade Liberalization, Economic Integration, 
and the Environment 
Environmental Costs of Rapid Growth 
Evolution of APEC¿S Environmental Agenda 
The Trade-Environment Interface 
Economic Integration and the Harmonization 
126 
of Environmental Policy 
Toward Common Principles in APEC¿s Environmental 
137 
Agenda 
Conclusion 
140 
146 
Chapter 8. Financial Resource Flows, the Exchange Rate, 
153 and Trade: Recent East Asian Experience 
Glenville Rawlins 
Chandana Chakraborty 
153 
Introduction 
The Nature of Capital Flows 
The Impact of Capital Inflows and the Policy Response 
Causal Link Between FDI, Trade, and Exchange Rate 
Empirical Analysis 
Conclusion 
179 PART III: INTERNATIONAL FINANCE 
Chapter 9. Emerging Trends in Asian Financial Markets: 
181 Evidences from Malaysia 
Rajesh Mohnot 
Wan Fadzilah Wan Yusoff 
181 
Introduction 
The Malaysian Financial System Structure 
Developments in Financial Markets 
Derivative Markets 
Financial Markets and Economic Implications 
Conclusion
Chapter 10. The Impact of Globalization on Economic 
Transition in China 
Joanna K. Poznanska 
205 
Economic Performance 
Liberalization Process 
Globalization Impact 
Chapter 11. The Exchange Rate of Chinese Yuan: 
231 Before and After WTO Entry 
Robin H. Luo 
Yunhua Liu 
231 Introduction 
Approaches to Measuring Equilibrium Real Exchange 
Rate (ERER) 
Misalignment of ChineseYuan and China¿s Trade Balance 
Forecast and Conclusion 
Chapter 12. Trade Elasticities of the Export-Oriented 
Household Electrical Appliances Industry of Hong Kong 261 
To-Ming Ho 
Introduction 
The Model 
Estimation and Results 
Trade Elasticities and Interpretation 
Summary and Conclusion 
Chapter 13. A Multifactor Stock Valuation Model: 
An Empirical Application to the Thai Telecommunications 
273 Sector 
Sethapong Watanapalachaikul 
Sardar M. N. Islam 
Nicholas Billington 
Introduction 
StockValuation 
Characteristics of the Financial Market in Developing 
273 
274 
275 Countries
Financial Characteristics in the Thai Telecommunications 
Sector 
ANewModel forValuation of Stocks 
Data 
Results 
Implications of the Results for StockValuation 
The Need for Other Approaches forValuation 
Conclusion 
277 
PART IV: INDUSTRY-SPECIFIC STUDIES 
289 AND FUTURE RESEARCH 
Chapter 14. Implications for the Vietnamese Textile 
and Apparel Industry in Light of Abolishing the Multifiber 
Arrangement and the U.S.-Vietnam Bilateral Investment 
Treaty 291 
Joseph Pelzman 
291 
292 
303 
309 
Introduction 
TheVietnamese Textile and Apparel Industry 
TheVietnam-U.S. Textile Agreement Debate 
Concluding Remarks 
Chapter 15. Competition for Market Share: A Markov 
313 Analysis of U.S. Apparel Imports 
Kathleen Rees 
313 
316 
318 
324 
Introduction 
Methodology 
Findings 
Conclusions 
Chapter 16. Globalization and Future Research Interests 
341 On East Asia 
M. Raquib Zaman 
341 
Introduction 
Continuation of the Past and Current Trend 
Future Direction of Research
Index 345

Library of Congress Subject Headings for this publication:

East Asia -- Economic conditions -- Congresses.
East Asia -- Economic policy -- Congresses.
Globalization -- Economic aspects -- East Asia -- Congresses.
East Asia -- Foreign economic relations.