Asian economies
Dr Kevin Wong
6 points * 3 hours per week * First semester * Caulfield
Objectives On completion of this subject participants should be able to understand the historical, political and social context in which regional economies have developed and currently operate; understand the analytical framework of the operation of regional economies; have a knowledge of, and identify, the legal, political and social influences, both internal and external, affecting regional economies; determine the effect that domestic and international policy decisions will have upon regional economies; utilise economic information in making investment trade and business decisions.
Synopsis This is an applied policy-oriented subject which uses development economics to analyse the phenomenon of significant structural changes and transformation in economic development process of rapidly growing Asian economies. Topics include current economic structure and profiles of the newly industrialising economies (NIEs); historical antecedents and impact of geopolitical realities; models explaining economic success; intraregional trade and growth triangles; industry and export strategies; foreign investment; financial policy and development; managing external shocks; regional patterns of trade in Asia; structural or political interdependence, ASEAN, AFTA, APEC and future of the NIEs.
Assessment Major assignment: 50% * Final examination (3 hours): 60%
Prescribed texts
A World Bank Policy Research Report The East Asian miracle: Economic growth and public policy Oxford University Press, 1993