Abstract

Contributors Introduction Inderjit N. Kaur and Nirvikar Singh PART I. THE NATURAL WORLD: HISTORY, CLIMATE, AND RISKS 1. The History of Biological Exploitation on the Pacific Rim, Eric Jones 2. Climate Risk and Response in the Pacific Rim, David Roland-Holst 3. Natural Disasters and Economic Policy for the Pacific Rim, Ilan Noy PART II. PEOPLE: MIGRATION, DEMOGRAPHICS AND HUMAN CAPITAL 4. International Labor Migration in the Pacific Rim, Philip Martin 5. Age Compositional Shifts and Changing Intergenerational Transfers in Selected Asian Countries, Naohiro Ogawa 6. Human Capital trends in the Pacific Rim, Anne Goujon PART III. PERSPECTIVES ON ECONOMIC GROWTH AND DEVELOPMENT 7. Economic Growth and Performance on the Pacific Rim, Barry Bosworth and Susan Collins 8. The New Structural Economics and Strategies for Sustained Economic Development in the Pacific Island Countries, Justin Yifu Lin and Hinh T. Dinh 9. The Evolution of Fiscal Developments and Policies in the Pacific Rim, Manmohan Singh Kumar, Nirvikar Singh and Jaejoon Woo PART IV. GOVERNANCE AND ECONOMIC INTERACTIONS 10. Asia in Global Economic Governance, Peter Petri and Wendy Dobson 11. Geoeconomics Versus Geopolitics: Implications For Pacific Asia, Devesh Kapur and Manik Suri 12. The Political Economy of Asia-Pacific Trade Agreements, John Ravenhill 13. Global Production Sharing and Trade Patterns in East Asia, Prem-chandra Athukorala 14. Foreign Trade of the Pacific-Rim Economies, Kar-Yiu Wong PART V. INDUSTRY, POLICY AND INNOVATION 15. Are the Geese Still Flying? Catch-up Industrialization in a Changing International Economic Environment, Inderjit N. Kaur 16. Multinational Corporations, FDI and the East Asian Economic Integration, Tzu-Han Yang and Deng-Shing Huang 17. The Impact of Industrial Policy on Asian Growth: An Example from Taiwan, Howard Pack 18. Creative Industries: Socio-Economic Transformation as the New Face of Innovation, Ted Tschang 19. The Road to Innovation in East Asia, Shahid Yusuf PART VI. MACROECONOMICS AND FINANCE 20. Asian Financial Crises, Anne Krueger 21. The Impossible Trinity, the International Monetary Framework, and the Pacific Rim, Joshua Aizenman and Hiro Ito 22. Rethinking Capital Account Liberalization, Maria Socorro Gochoco, Bautista and Noli R. Sotocinal 23. Asian Currencies in the Global Imbalance and Global Financial Crisis, Eiji Ogawa and Chikafumi Nakamura 24. Rebalancing of the World Economy and Asia, Menzie Chinn and Hiro Ito 25. China's Financial Openness and Asset Return Linkages in East Asia, Reuven Glick and Michael Hutchison 26. The Offshore RMB market in Hong Kong and RMB Internationalization, Yin-Wong Cheung and Hui Miao

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