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Asia Beyond the Global Economic Crisis

The Transmission Mechanism of Financial Shocks Edited by Satoshi Inomata, Project Director, International Input–Output Project and Director, Microeconomic Analysis Group, Development Studies Center, IDE-JETRO, Japan
The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.
In Association with the Institute of Developing Economies, JETRO
Extent: 224 pp
Hardback Price: $120.00 Web: $108.00
Publication Date: 2011
ISBN: 978 1 84980 764 7
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  • Asian Studies
  • Asian Economics
  • Economics and Finance
  • Asian Economics
  • International Economics
The characteristic feature of the recent global economic crisis is the speed and extent of the shock transmission. The development of cross-national production networks in recent years has significantly deepened the economic interdependency between countries, and a shock that occurs in one region can be swiftly and extensively transmitted to the rest of the globe. The sudden contraction of world trade and output was a negative outcome of this intertwined global economic system. Based on the method known as international input–output analyses, this book provides a detailed examination of the mechanics of shock transmission by probing the labyrinth of complex supply networks among nations.

Written for experts and non-experts alike, this book will be a valuable read for academics and students interested in global supply chains as well as researchers from private companies or consulting agencies who consider post-crisis Asia as a significant target market. Government policy makers and specialists in international organizations will also find this book of value for designing a grand scheme for economic coordination and cooperation.
‘The book Asia Beyond the Global Economic Crisis, produced by the Institute of Developing Economies, offers an important contribution to the empirics of the new trade economy. The analysis focuses on the importance of economic interactions in explaining the modern global economy, and the role of international production networks.’
– From the foreword by Pascal Lamy
Contributors: H. Escaith, F. Gonguet, K. Hayakawa, S. Inomata, I. Kuroiwa, H. Kuwamori, B. Meng, N. Okamoto, P.A. Petri, H. Sato, Y. Uchida
Contents:

Foreword
Pascal Lamy

Preface

Introduction
Satoshi Inomata

1. The Triangular Trade: The Shock Transmission Mechanism in the Asia-Pacific Region
Ikuo Kuroiwa, Hiroshi Kuwamori and Hajime Sato

2. Impact of the Global Economic Crisis on Employment in the Asia-Pacific Region
Bo Meng and Satoshi Inomata

3. International Trade and Real Transmission Channels of Financial Shocks in Global Production Networks: An Asian–USA Perspective
Hubert Escaith and Fabien Gonguet

4. Vertical Specialization at the Time of Economic Crisis
Yoko Uchida and Satoshi Inomata

5. The Impact of the Financial Crisis on Factory Asia
Kazunobu Hayakawa

6. To What Extent Will the Shock Be Alleviated? The Evaluation of China’s Counter-crisis Fiscal Expansion
Nobuhiro Okamoto and Satoshi Inomata

7. An Input–Output Analysis of Post-crisis Rebalancing in the Asia-Pacific Economy
Peter A. Petri

8. Explanatory Notes
Satoshi Inomata

Index