Since the mid-1990s, China, Japan, and Korea have come under severe pressure to restructure and reform their economic systems. In fact, across East Asia governments are attempting to address their structural problems with a variety of reform programs. After several years of their efforts, clear patterns are now emerging. The authors of this book conclude that the interaction between financial globalization and domestic politics is the key to unlocking the reform process. In particular, they address issues important to the study of East Asian political economies -receptivity to financial globalization, financial integration, the convergence or divergence of their economic institutions, and the impact that institutional transformations will have on national competitive advantage and the global economic system. This book identifies and accounts for empirical regularities across East Asian countries and sectors, which previous studies have left largely unexplained. Contributors include Jongryn Mo (Yonsei University), Daniel I. Okimoto (Stanford University), Jennifer Amyx (University of Pennsylvania),Yves Tiberghien (Harvard University and University of British Columbia), Wonhyuk Lim (Korea Development Institute), and Joon-Ho Hahm (Yonsei University).
Daniel I. Okimoto is a senior fellow of the Freeman Spogli Institute for International Studies, founder and director-emeritus of the Walter H. Shorenstein Asia-Pacific Research Center, and a professor of political science, all at Stanford University, USA. Jongryn Mo is the dean of Underwood International College and professor of international political economy in the Graduate School of International Studies, Yonsei University, Seoul, South Korea. He has written numerous articles on the political economy and international relations of East Asia.