Japan and China in the World Political Economy

Book excerpt: Two powers in East Asia today stand to define the region's economic and commercial future: Japan, which rose in a spectacular industrial burst to become at present the world's second largest economy; and China, which is rapidly advancing towards a market economy under the watchful eye of the world. While much has been made of Japan and China’s particular economic institutions and developmental paths, few works analyze them in a comparative framework. Including contributions from leading academics, the text focuses on the period from the 1980s to the onset of the 2000s, reviewing the experiences of Japan and China across the areas of development, trade, investment, finance and technology. Drawing on a combination of official documents, economic statistics, case studies and original fieldwork, this book will give political scientists, political economists, business concerns, and policy analysts a firmer grasp of the role Japan and China stand to play in the world political economy.