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The consequences of changing comparative advantage are transforming the economic landscapes of nations and regions around the globe. This book deals with the most significant economic factors in the rapidly changing Pacific Basin area. Part 1 considers the area’s changing patterns of industrial development and trade and examines the general implications of such changes for national industrial development policies. Part 2 consists of a set of case studies of national industrial policies in the context of factors affecting industrial structures; how applicable these policies are to other countries in the region is a central theme. Part 3 addresses the specific issues of foreign investment and domestic labor in relation to economic growth and industrial development in the Pacific Basin. Finally, in Part 4 institutional arrangements are suggested that would facilitate economic growth while, at the same time, mitigating the serious negative consequences of changing economic advantage. Such negative consequences are to some extent pervasive and can destabilize social and political development and endanger formal and informal alliances; nevertheless, the segment of humanity that has adequate food, clothing, and shelter is being permanently widened in the Pacific Basin.
Table of Contents
Foreword -- The Dynamics of Economic Change in the Pacific Basin -- Changing Economic Patterns in the Pacific Basin -- Structural Change in Manufacturing: Issues and Perspectives for Developing Asian Countries -- Economic Development, Export Structure, and Shifting Comparative Advantage in the Pacific Basin Region -- Industrialization of ASEAN and Structural Adjustment in the Pacific -- National Industrial Policies -- Foreign Trade and Industrial Policies: A Review of Japanese Experience -- The Pacific Community Environment and Economic Policy in the Philippines -- Patterns of Foreign Direct Investment, Foreign Ownership, and Industrial Performance: The Case of the Korean Manufacturing Industry -- Specific Issues Facing Pacific Basin Countries -- Labor Force and Industrial Development in the Pacific Basin -- Direct Foreign Investment and Industrial Development in the Pacific Basin -- The Correlates of Direct Foreign Investment in Developing Countries: A Look at Recent Experience -- Conclusion -- Conclusion -- Workshop Participants
"Roger Benjamin is professor of political science and adjunct professor of the Hubert H. Humphrey Institute of Public Affairs at the University of Minnesota. Dr. Benjamin is the author of The Limits of Politics: Collective Goods and Political Change in Postindustrial Societies (1982) and Tradition and Change in Postindustrial Japan (with Kan Ori; 1981).
Robert T. Kudrle is professor of public affairs and planning at the Hubert H. Humphrey Institute of Public Affairs. Dr. Kudrle is co-editor of International Studies Quarterly and serves on the editorial board of the Journal of Health Politics, Policy, and Law.
Dr. Harlan Cleveland, Director, Hubert H. Humphrey Institute of Public Affairs, Minnesota, U.S.A."
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CHOICE – Outstanding Academic Title – Award Winner
CHOICE – 2018 Outstanding Academic Title – Award Winner
Shingo Research and Professional Publication Award Winner
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