ABSTRACT
A selected number of key issues that most East Asian countries are facing currently, particularly since the global financial crisis (GFC), are explored in this book from both a macroeconomic approach and a business corporation’s point of view. Even if the East Asian economies are among the most successful economies in the world, the intensity of concerns increased with the GFC and limits on growth have been dramatically emerging. Among the East Asian countries, China plays a crucial role. With the opening of its markets, China strongly influences the world economy, and its contribution to global trade and output growth has been far bigger than that of any other economy over recent decades. With a GDP growth rate that has slipped well below the yearly average of 10 percent, China faces now more and more questions about how its leadership and policy-making authorities should manage the next phase of the country’s economic development in a situation in which China is rapidly becoming one of the most indebted countries in the world.
