EU - ASEAN: Facing Economic Globalisation Softcover reprint of hardcover 1st ed. 2009 edition

Marc Notes: Originally published: 2009.; Includes bibliographical references.; Trade dynamics and foreign investment, as well as regional policy cooperation in Europe and Asia, are discussed here along with historical developments. Moreover, the book highlights links between European Community law and WTO regulations. Table of Contents: List of Figures -- List of Tables -- List of Contributors -- Introduction / Paul J. J. Welfens, Cillian Ryan, Suthiphand Chirathivat, Franz Knipping -- A. Structural Change, Growth and Bazaar Effects in the Single EU Market / Paul J. J. Welfens, Dora Borbely -- A.1. Introduction -- A.2. Theory of Structural Change, Innovation and Growth -- A.2.1. Basic Dimensions of Structural Change -- A.2.2. A Global Perspective of Structural Change -- A.3. Empirical Analysis -- A.3.1. Selected Innovation Traits and Structural Change -- A.3.2. The Bazaar-Effect -- A.3.3. Net Bazaar Effect -- A.4. Policy Conclusions -- A.4.1. Policy Perspectives: New Challengers in the World Economy -- B. Political Cooperation Between the Eu and Asean: Searching for a Long-Term Agenda and Joint Projects / Lay Hwee Yeo -- B.1. Introduction -- B.2. Thirty Years of Asean-Eu Relations in a Nutshell -- B.2.1. First Phase (1972-1980) -- B.2.2. Second Phase (1980-1991) -- B.2.3. Third Phase (1991-2001) -- B.3. The Changing Dynamics -- B.3.1. The Global Environment: Dominance of American Power and Its Repercussions -- B.3.2. Eu at a Crossroads -- B.3.3. Asean at a Crossroads -- B.3.4. Political Cooperation: Searching for a Long-Term Agenda -- C. The Trade and Aid Policy of the European Union: A Historical Perspective / Andrew J. Crozier -- C.1. The Trade Policy of the European Union -- C.2. The Aid Policy of the European Union -- C.3. Trade and Aid in Eu-Asean Relations -- D. The Process of Economic Integration in Asean ] 3: From Free Trade Area to Monetary Cooperation or Vice Versa? / G&uumlet;nter S. Heiduk, Yiping Zhu -- D.1. Introduction -- D.2. Experiences with Monetary Integration: The Case of the Eu -- D.3. Integration Policy and Trade in Asean + 3 -- D.4. Trade, Exchange Rates and Monetary Integration: Experiences in the Eu and Asean + 3 -- D.4.1. Interdependencies Between Intra-Regional Trade and Monetary Cooperation: Evidence From Eu Experiences -- D.4.2. Trade and Exchange Rates in Asean + 3 During and After the Asian Crisis -- D.5. Present Currency Cooperation in Asean + 3: Loose-Binding Contingency Plan -- D.6. Sub-regional Currency Cooperation Framework: Beyond Economic and Financial Convergence -- D.7. Conclusion -- E. Financial Market Integration and Growth in the Eu / Paul J. J. Welfens, Martin Keim -- E.1. Introduction -- E.2. Financial Market Integration in the Eu -- E.2.1. The Integration Process in the Eu -- E.2.2. The European Monetary Union -- E.2.3. The Institutional Framework -- E.2.4. Financial Market Integration -- E.2.5. Effects of Financial Markets in the Euro Area -- E.2.6. Eastern EMU Enlargement -- E.3. Theory of Financial Market Integration -- E.3.1. From Basic Theory to Endogenous Growth Approaches -- E.3.2. Monetary Integration, Financial Market Integration, and Welfare Effects -- E.4. Integration of Financial Markets in the Euro Zone and Global Dynamics -- E.5. US Financial Market Crisis -- E.6. Policy Conclusions -- F. Toward East Asian Economic Integration: Classification of the Asean + 3 Economies Using Fuzzy Clustering Approach / Noer Azam Achsani, Hermanto Siregar -- F.1. Introduction -- F.2. Classification of Asean + 3: A Fuzzy Clustering Approach -- F.2.1. Fuzzy Clustering -- F.3. Empirical Results -- F.4. Policy Implications -- Appendix 1 Appendix 2 G. Further Evidence of the Impact of Foreign Bank Presence in Thailand / Chantal Herberholz -- G.1. Motivation -- G.2. Prior Research -- G.3. Structure of the Thai Banking Sector -- G.4. Methodology -- G.5. Data Sources and Descriptive Statistics -- G.6. Estimation Results -- G.6.1. First Set of Regressions -- G.6.2. Second Set of Regressions -- G.7. Conclusion -- H. ASEAN and India: A Mutually Strengthening Paradigm/Vision / G. R. Krishnamurthy -- H.1. ASEAN and India -- H.2. India and ASEAN: A Business Vision -- H.3. Singapore Model of Co-operation -- H.4. Asean and India Summit -- H.5. Asean and China -- H.6. Implications for Asean -- H.6.1. What Are the Business Implications of All These to Asean Countries? -- H.6.2. Reasons for Chinas' Leap in Exports -- I. The Outward Investment of China: Causes and Consequences / Sompop Manarungsan -- J. Reflections on the EU Constitutional Crisis / Franz Knipping -- J.1. What has been Rejected? -- J.2. Why It has been Rejected? -- J.3. What Should Be Done? -- K. European Community Law and WTO Regulations: The Direct Effect-Doctrine Revisited / Alexander Proel? -- K.1. The European Community as an Actor in International Trade Law -- K.2. The Doctrine of Direct Effect in Community Law: Theoretical Basis and Practical Implications -- K.3. Direct Effect of WTO Regulations -- K.4. Conclusions -- K.5. Cases Before the European Court of Justice -- L. Outsourcing and Offshoring Strategies of Multinational Companies in Asia / Norbert Koubek, Stephan Weinert, Kirsten Meyer -- L.1. Offshoring Strategies as Market Entry Alternatives -- L.2. The Extent of Offshoring -- L.3. Concepts of Globalization and Offshoring -- L.3.1. The Triad Model and Globalization -- L.3.2. Core Competencies and Offshoring -- L.3.3. The Value Chain Concept and Offshoring -- L.3.4. The Relationship Between Goods and Services, Commodities and Specialities, and Offshoring -- L.4. Trends in Production and Service Offshoring -- L.5. Empirical Evidence -- L.5.1. Offshoring Destinations India and China -- L.5.2. Offshoring Destinations in the Asean Region -- L.5.3. Offshoring Destinations in the Triad Region -- L.6. Conclusion -- M. Regional Economic Integration, Mergers and FDI: Welfare and Policy Implications for Asean / Toby Kendall, Cillian Ryan -- M.1. Introduction -- M.2. The Model -- M.2.1. Stage 3: The Final-Stage Output Game -- M.2.2. Stage 1: The Choice Between Merger, Greenfield FDI and Exporting -- M.3. Tariffs and Regional Integration -- M.3.1. Tariffs and Merger Activity -- M.3.2. Tariffs and Greenfield FDI -- M.4. Welfare and Policy Implications for Asean -- M.5. Conclusions -- Case A. Merger Between Home Firms 1 and n -- Case B. Merger Between Foreign Firm 1 and Home Firm n -- Exporting versus Greenfield FDI. Publisher Marketing: Economic globalisation is a long-term international process in which the roles of the EU, ASEAN, Korea, Japan and China are of increasing importance. Trade dynamics and foreign investment, as well as regional policy cooperation in Europe and Asia, are discussed here along with historical developments. Moreover, the book highlights links between European Community law and WTO regulations. The key challenges posed by China's economic expansion are part of the analysis; specific issues concern international outsourcing and off-shoring as well as regional economic integration in a period of financial globalisation. Based on historical dynamics, theoretical analysis and global shifts, policy solutions for Europe, Asia and the world economy can be arrived at: The book offers clear policy options and also reveals crucial issues in terms of the welfare analysis of regional integration.

Contributor Bio:  Welfens, Paul J J Geboren 1957 in DA1/4ren, Studium der Volkswirtschaftslehre in Wuppertal, Duisburg und Paris, Promotion 1985, Habilitation 1989. Inhaber des Lehrstuhls fA1/4r Volkswirtschaftslehre - Schwerpunkt MakroAkonomische Theorie und Politik - an der Bergischen UniversitAt Wuppertal; PrAsident des EuropAischen Instituts fA1/4r Internationale Wirtschaftsbeziehungen (EIIW); Jean-Monnet-Professor fA1/4r EuropAische Wirtschaftsintegration; zuvor Distinguished Research Fellow am AICGS/The Johns Hopkins University, Professor an der UniversitAt MA1/4nster bzw. Potsdam, Visiting Alfred Grosser Professor Sciences Po, Paris.