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The Global Integration of Europe and East Asia

Studies of International Trade and Investment Edited by the late Sang-Gon Lee, formerly Professor of Economics, Inha University, South Korea and Pierre-Bruno Ruffini, Professor of Economics, University of Le Havre, France
The financial turmoil of the late 1990s resulted partly from an excessive dependency between countries and regions. This important and timely new book examines the growing interdependency between Europe and East Asia and provides suggestions to prevent financial crises in the future.
Extent: 288 pp
Hardback Price: $155.00 Web: $139.50
Publication Date: 1999
ISBN: 978 1 84064 058 8
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  • Asian Studies
  • Asian Business
  • Business and Management
  • Asia Business
  • International Business
The financial turmoil of the late 1990s resulted partly from an excessive dependency between countries and regions. This important and timely new book examines the growing interdependency between Europe and East Asia and provides suggestions to prevent financial crises in the future.

Special attention is given to the contributions of international trade and investment to deeper regional and global integration, and particular emphasis is placed on major issues such as:

• the organization of multinationals and the relationship between exports and foreign direct investment
• Asian and European firms as global actors and the role of trade in the integration of the two regions
• the changing patterns of East Asian economies as host and home countries for direct investment

In conclusion the authors argue that more emphasis should be placed on direct investment rather than speculative inflows. This will create a more stable environment for the contribution of foreign capital to the growth of East Asian economies, and reduce both dependency between regions and the risk of financial instability in the future.

The Global Integration of Europe and East Asia will be welcomed by those working in the fields of international economics and business, European and Asian Studies and the globalization of the world economy.
Contributors: S. Chédor, N. Desthieux, J. Dias, A. Giroud, C. Hainaut, S. Kang, P. Kauffmann, H. Kawai, J.-K. Kim, S.-G. Lee, J.-L. Mucchielli, K. Park, S. Perrin, P.-B. Ruffini, P. Saucier, Y. Sazanami, J.S. Seo, L. Soulat, C.-S. Suh
Contents: 1. Introduction Part I: Global Actors: Multinational Firms in International Trade and Investment 2. Foreign Direct Investment, Export Performance and the Impact on Home Employment 3. An Empirical Analysis of Japanese Multinational Corporate Strategies in Europe, Asia and North America 4. Upgrading Endogenous Production Capabilities in Less-developed Countries 5. Total or Partial Sharing of Risks Part II: Trade, Investment and Regional Integration in Europe and Asia 6. Regional Integration and Intra-Industry Trade 7. Trade and Competitiveness in the European Union 8. Economic Growth of ASEAN in the Context of East Asian Development 9. Were Asian Emerging Currencies Misaligned? Part III: Foreign Direct Investment and the Global Integration 10. Foreign Direct Investment in East Asia 11. The Emergence of Korean Multinational Enterprises in European Manufacturing 12. International Human Resource Management Mechanism of Korean Foreign Direct Investment 13. Foreign Direct Investment in Banking Index