In a world of continuing financial volatility, this book critically evaluates the oft-cited claim that US firms and the US government attempt to open emerging markets in economic distress and acquire valuable industrial and financial assets.
Focusing particularly on Korea and Thailand, the author examines the degree of market opening, the roles US actors played in this process and the level of foreign firm activity in the years after the Asian crisis. Justin Robertson finds surprisingly little coherence between the strategies of US firms and US policy-makers. At the same time, the book downplays European investments, concluding instead that the decade since the Asian crisis has reaffirmed strengths of US capital, particularly in some of the most important sectors of the global economy. Investment banking, private equity and subcontracting are significant new features of US-Asia economic relations.
Providing a sophisticated understanding of US interests in Asia, especially in terms of the politics of finance capital, and including a wealth of empirical data on the US and Asian political economies, this book will be invaluable for students and scholars of international political economy and Asian economics and politics.
In a world of continuing financial volatility, this book critically evaluates the oft-cited claim that US firms and the US government attempt to open emerging markets in economic distress and acquire valuable industrial and financial assets.
Focusing particularly on Korea and Thailand, the author examines the degree of market opening, the roles US actors played in this process and the level of foreign firm activity in the years after the Asian crisis. Justin Robertson finds surprisingly little coherence between the strategies of US firms and US policy-makers. At the same time, the book downplays European investments, concluding instead that the decade since the Asian crisis has reaffirmed strengths of US capital, particularly in some of the most important sectors of the global economy. Investment banking, private equity and subcontracting are significant new features of US-Asia economic relations.
Providing a sophisticated understanding of US interests in Asia, especially in terms of the politics of finance capital, and including a wealth of empirical data on the US and Asian political economies, this book will be invaluable for students and scholars of international political economy and Asian economics and politics.
While, over the last 30 years, the global economy's center of gravity has shifted to East Asia, the region has remained surprisingly free of interstate military conflict. Yet this era of peace and...
Providing a coherent and current account of how the U.S. manages to 'pivot to Asia' amid a rising China, this book provides an insightful glimpse into China-US relations, and the complexities of the...
Owing to a strong cultural and historical bond, India and Southeast Asia have progressed rapidly. Though there are political and ideological differences between these two entities, it may not hamper...
The EU is now a major player in globalization due to its economic power and position in trade relations. The enlargement has led to a higher IR profile for the EU and EU external diplomacy has been...
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