Domestic Adjustments to Globalization

Charles E. Morrison and Hadi Soesastro, eds.
December 1998

The challenges of globalization have taken on a new urgency in light of the profound effect of the Asian financial crisis on regional stability. The region and the entire world must review both the positive and negative impacts of globalization as national societies attempt to make needed adjustments without undue dislocation and economic pain.

This compilation of nine country surveys completed on the eve of the Asian crisis puts these fast-moving, contemporary developments into perspective. The Asian financial crisis has intensified the debate on globalization issues and has resulted in a backlash against globalizing forces in the most affected countries. The crisis has tested many ideas and institutions associated with globalization. This volume focuses on three dimensions of those tests: economic strategies, governance, and leadership.

The surveys emphasize the developing countries of Asia but also include Canada, Japan, New Zealand, and the United States. The resulting snapshot of globalization pressures and domestic policy debates exposes the various phases of globalization and expands debate on a range of issues.

The publication is the product of a project on “Domestic Adjustments in the Face of Globalization,” carried out as part of the Asia Pacific Agenda Project (APAP).

Contents

1. Foreword
Yamamoto Tadashi, President, Japan Center for International Exchange
2. Overview
Charles E. Morrison, President, East-West Center, Hawaii
3. Domestic Adjustments in Four ASEAN Economies
Hadi Soesastro, Senior Fellow, Centre for Strategic and International Studies, Jakarta
4. Canada
Paul Bowles, Professor of Economics, University of Northern British Columbia, Canada
5. Japan
Takenaka Heizo, Professor of Economics, Keio University, Japan
Chida Ryokichi, Professor of Economics, Tokyo International University, Japan
6. New Zealand
Paul Dalziel, Reader in Economics, Lincoln University, New Zealand
7. United States
Susan M. Collines, Senior Fellow, Brookings Institution, and Professor of Economics, Georgetown University, Washington, DC
8. China
Ding Jingping, Deputy Director and Professor, Foreign Affairs Bureau, Chinese Academy of Social Sciences, Beijing
9. Indonesia
Sukardi Rinakit, Research Staff, Centre for Strategic and International Studies, Jakarta
Hadi Soesastro
10. Philippines
Maria Socorro Gochoco-Bautista, Professor of Economics, University of the Philippines
11. South Korea
In-Gyu Kim, Professor, Department of Economics, Hallym University, Seoul
Sung Hee Jwa, President, Korea Economic Research Institute, Seoul
12. Thailand
Chantana Banpasirichote, Lecturer of Political Science, Chulalongkorn University, Thailand
Copyright © 1998 Japan Center for International Exchange. All Rights Reserved.
ISBN 4-88907-012-5; 288 pages; paper