Associate Editors: Richard Hooley, Kazuo Sato

Executive Editors: Jere R. Behrman, David J. Green, John F. Helliwell, Gary H. Jefferson, Masumi Kishi, Richard F. Kosobud, Sung Y. Kwack, Christina Y. Liu, Sumalee Pitayanon, Chyau Tuan, Calla Wiemer, Jang H. Yoo

Associate Executive Editors: Terence D. Agbeyegbe, M. Anne Hill, A. Konakayama, J.C. Liu, Yasmeen Mohiuddin, Choon-Geol Moon, V.V. Bhanoji Rao, Amit S. Ray

Senior Editors: Robert E. Baldwin, Romeo M. Bautista, Gregory C. Chow, Wendy Dobson, H. Peter Gray, Frank S.T. Hsiao, Alan Heston, Saleem M. Khan, Lawrence R. Klein, Lawrence B. Krause, Paul W. Kuznets, Chung H. Lee, John M. Letiche, Roberto S. Mariano, Kanta Marwah, Hugh T. Patrick, Dwight H. Perkins, Peter A. Petri, Joel Popkin, Gustav Ranis, James Riedel, George Rosen, Vernon W. Ruttan, Gary R. Saxonhouse, Amartya K. Sen, T.N. Srinivasan, Robert M. Stern, Paul P. Streeten, Anthony M. Tang, James T.H. Tsao, H. Vinod

Corresponding Editors: H.W. Arndt, The Australian National University, Canberra, Australia. Peter J. Lloyd, The University of Melbourne, Parkville, Australia. Momtaz Uddin Ahmed, Dhaka University, Dhaka, Bangladesh. Li Jingwen, Chinese Academy of Social Sciences, Beijing, China. Yao Tinggang, Shangai Academy of Social Sciences, Shanghai, China. Ashok Guha, Jawaharlal Nehru University, New Delhi, India. Marzuki Usman, Ikatan Sarjana Ekonomi Indonesia, Jakarta, Indonesia. Anwar Nasution, University of Indonesia, Jakarta, Indonesia. Toshiaki Hasegawa, Chuo University, Tokyo, Japan. Yoko Sazanami, Kieo University, Tokyo, Japan. Dong-Se Cha, Korea Development Institute, Seoul, Korea. Jisoon Lee, Seoul NationalUniversity, Seoul, Korea. Mohamed Ariff, The University of Malaya, Kuala Lumpur, Malaysia. Ashfaque H. Khan, Pakistan Institute of Development Economics Islamabad, Pakistan. Edita Tan, University of the Philippines, Manila, Philippines. Chia Siow Yue, Institute of Southeast Asian Studies, Singapore. Tzong-Shian Yu, The Chung-Hua Institution for Economic Research, Taipei, Taiwan. Thienchay Kiranandana, Chulalongkorn University, Bangkok, Thailand. Suthiphand Chirathivat, Chulalongkorn University, Bangkok, Thailand. Lord Meghnad Desai, London School of Economics & Political Science, U.K. Maxwell Fry, The University of Birmingham, Birmingham, U.K.

Book Review Editor: Steven L. Husted

Associate Book Review: Editor: Michael G. Plummer

Assistant to the Editor: Michelle Villalva

 JAI PRESS INC.

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Volume 9

Number 1

Spring 1998

 

"Money and Financial Markets in Asia: A Challenge to Asian Industrialization," jointly sponsored by Federal Reserve Bank of San Francisco and American Committee on Asian Economic Studies, September 15-16, 1997 Federal Reserve Bank, San Francisco, California
 

Money and Financial Markets in Asian Economies:                                                                                              1  A Challenge to Asian Industrialization  Lawrence R. Klein  Money                                                                                                                                                                            3  Jerry L. Jordan  Government Safety Nets, Banking System Stability,                                                                                            21  and Economic Development  Gary H. Stern  Financial Liberalization and Korean Corporations’                                                                                               31  Financing Policy for Globalization  Duk-Choong Kim and Dongsuk Suh  Stabilization Policy and the Japanese Economy                                                                                                    67  Kazuo Sato   The Role of the Financial Sector in Industrial                                                                                                       95  Upgrading in Taiwan  Patrick C.J. Liang   Korean Financial System Reform: Shifts in Modes                                                                                            103  of Large-Scale Production and Related Issues  Masumi Kishi   Regionalization of the Financial Market and the                                                                                                119  Manufacturing Evolution in Hong Kong;  Chyau Tuan and Linda F.Y. Ng  ARTICLES  Endogenous Money in China: Evidence and                                                                                                      139  Insights on Recent Policies  Rajen Mookerjee and Gavin Peebles  BOOK REVIEW  The Bangladesh Economy in Transition                                                                                                              159  M.G. Quibria (Ed.)  Reviewed by Sheryl B. Hall  Books Received for Review                                                                                                                                   163  ACAES ACTIVITY REPORT                                                                                                                               165

 
 
 

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Volume 9

Number 2

Summer 1998

 

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Volume 9

Number 3

Fall 1998

In Memorium-Martin Bronfenbrenner                                                                                                                      385
Kazuo Sato

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Volume 9

Number 4

Winter 1998 (Index Issue)

 
SYMPOSIUM on Japanese Trade and Investment in Asia
Coordinating Editors: Richard Hooley and Kazuo Sato

Introduction to the Symposium                                                                                        545  Richard Hooley and Kazuo Sato  Japan’s Approach to Asia-Pacific Economic Cooperation   Peter Drysdale  The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia   C.H. Kwan  Japanese Foreign Direct Investment and Regional Trade   Tamim Bayoumi and Gabrielle Lipworth  SYMPOSIUM ON THE KOREAN FINANCIAL CRISIS:  CAUSES AND CHALLENGE  Coordinating Editor: Seung Yeung Kwack  Introduction to the Symposium   Seung Yeung Kwack  Factors Contributing to the Financial Crisis in Korea   Seung Yeung Kwack  A Political Economy Analysis of the Korean Economic Crisis   Young-Sun Lee  Causes for Business Failures: Understanding the 1997 Korean Crisis   Jisoon Lee  Restructuring of Financial Institutions and the Corporate Sector in Korea   Byung Ho Kang  ACKNOWLEDGEMENT TO OUR REFEREES  BOOK REVIEW  A Generation at Risk: Children in the Central Asia Republics of Kazakstan and Kyrgyzstan   Armin Bauer, Nina Boschman, David Green, and Kathleen Kuehnast  Reviewed by Saleem M. Khan  INDEX  ACAES ACTIVITY REPORT

 
 
 

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Benham, F.C. 1959. The National Income of Singapore. London: Oxford.
 
 

Kuznets, P.W., Balassa, B., and Benham, F. 1989. "An East Asia Model of Economic Development," Economic Development and Cultural Change, 36(3): 11-43.
 
 

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Volume 8

Number 1

Spring 1997

ARTICLES

Globalization and Regionalization: Japanese Multinational Enterprises in the Asia-Pacific                          1  Yoko Sazanami  Modeling Economic Reform in North Korea                                                                                                         15  Marcus Noland, Sherman Robinson and Monica Scatasta  Outward FDI and Exports: The Case of South Korea and Japan                                                                       39   June-Dong Kim and In-Soo Kang  India’s Rupee Devaluation, Trade Balance and Unemployment:                                                                      51   A Producer Theory Approach   Sandwip Kumar Das and Manoj Pant  SHORT PAPERS  Past Performance and Administered Tests as University Admissions Criteria in Pakistan                          67   Shahrukh Rafi Khan  Household Savings and Investment: The Case of Shanghai                                                                            77   Jung-Chao Liu and Lilai Xu  SYMPOSIUM  Economic Liberalization and Economic Development in South Asia: An Introduction                               93  Saleem M. Khan  Would a Reduction in Trade Barriers Promote Intra-SAARC Trade?:                                                            95  A Sri Lankan Perspective    Purnima Rajapakse and Nisha Arunatilake  Recent Policy of Trade Liberalization in Bangladesh and                                                                                117   Issues of Regional Cooperation in South Asia    Mustafizur Rahman  Outward Orientation of The Economy: A Review of Pakistan’s Evolving                                                    143  Trade and Exchange Rate Policy   Ijaz Nabi  South Asia: Free Trade area and Trade Liberalization                                                                                      165   Saleem M. Khan  BOOK ESSAY  Private Interest and Public Policies: Constructing Japan’s Political Economies   - A Review of Japan Under Construction: Corruption, Politics, and Public Works                                179  by Brian Woodall   Essay by Bruce Koppel  Books Received for Review                                                                                                                                  187  ACAES Activity Report                                                                                                                                        189

 
 
 

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Volume 8

Number 2

Summer 1997

SYMPOSIUM ON THE JAPANESE ECONOMY:
THE CURRENT STATE AND THE CHALLENGES
 

Introduction to the Symposium                                                                                                                      197   Yutaka Kosai   Economic Interdependence: Japan, Asia, and the World                                                                          199   Yoichi Nakamura and Izumi Matsuzaki   Recent Developments in Japan’s Financial Sector:                                                                                    225   Bad Loans and Financial Deregulation   Mitsuru Taniuchi   Aging of the Population in Japan and its Implications to the Other Asian Countries                         245  Naohiro Yashiro   The Japanese Business Cycle After 1991: How is it Different, and Why?                                            263   Jun Saito   ARTICLES   Industrialization in Asia: A Tale of Two Regions                                                                                      295  Malcolm Dowling   Evolving Outward Investment, Industrial Concentration, and Technology Change:                          315  Implications for Post- 1997 Hong Kong   Linda Fung-yee Ng and Chyau Tuan   The Korean Metals Industry and Economic Development                                                                      333  Lila J. Truett and Dale Truett   BOOK REVIEW   Regionalism and Rivalry: Japan and the United States in Pacific Asia                                                  349  Edited by Jeffrey A. Frankel and Miles Kahler   Reviewed by Michael G. Plummer   Books Received for Review                                                                                                                           359  ACAES Activity Report                                                                                                                                 361

 
 
 

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Volume 8

Number 3

Fall 1997

ARTICLES

Patterns and Sources of Structural Change in Taiwan:                                                                                  369  An Analysis of Input-Output Coefficients  Eric C. Wang  Infrastructure and Private Sector Investment in Pakistan                                                                             393  Robert E. Looney  SYMPOSIUM ON   INDIA’S ECONOMIC REFORMS IN PROGRESS  Introduction to the Symposium                                                                                                                         421  Amit Shovon Ray  Exchange Rate, Tariff and Trade Flows: Alternative Policy Scenarios for India                                       425  K. Krishnamurty and V. Pandit  The New Economic Policy and Privatization in India                                                                                    455   Greeta Gouri  BOOK REVIEW  Essays in International Economics 1944-1994 and 50 Years of Development Studies                             481  by H.W. Arndt  Reviewed by Steven Husted  Trade, Investment and Pacific Economic Integration, Selected Essays of Kiyoshi Kojima                    487  Surugadai Economic Studies, Special Issue in Honor of Professor Kiyoshi Kojima  by Kiyoshi Kojima  Reviewed by Kazuo Sato  ACAES Activity Report                                                                                                                                     497

 
 

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Volume 8

Number 4

Winter 1997

ERRATUM

ARTICLES
 

The Effects of Economic Integration in the Pacific Rim:                                                                             505  A Computational General Equilibrium Analysis   Charles L. Ballard and Inkyo Cheong  Building the Dynamic Linkages Between R & D and Productivity Growth                                             525   Sheng-Kai Chang and Yir-Hueih Luh  A New Proposal for the Reunification of the Two Koreas:                                                                        547   Economic Issues   Yang Taek Lim  SYMPOSIUM ON CHINA’S ECONOMIC FUTURE  Introduction to the Symposium                                                                                                                      579  Anne Carter, Gary Jefferson and Peter Petri  China’s Economic Future: A Discussion Paper                                                                                            581   Gary H. Jefferson  Of Jeffersonian Visions: A Critique of Gary Jefferson’s "China’s Economic Future"                            597   William P. Alford  On China’s Economic Future                                                                                                                          605   Wu Jinglian  Transcribed Remarks on China’s Economic Future                                                                                    609  Dwight Perkins  Form, Scale, and Limits in China’s Trade and Development                                                                     615   Stephen S. Cohen  BOOK REVIEW  The World Trading system: Challenges Ahead                                                                                          619  Edited by Jeffrey J. Schott   Reviewed by James H. Cassing  Trade, Investment, and Pacific Economic Integration,                                                                               623   Selected Essays of Kiyoshi Kojima and Surugadai Economic Studies,  Special Issue in Honor of Professor Kiyoshi Kojima  Reviewed by Kazuo Sato  INDEX                                                                                                                                                                633  Books Received for Review                                                                                                                            643  ACAES Activity Report                                                                                                                                   645

 
 
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Volume 7

Number 1

Spring 1996

IN MEMORIUM: Chris C. Carvounis
 
 

SYMPOSIUM   ESSAYS IN HONOR OF HEINZ WOLFGANG ARNDT on the Occasion of his 80th Birthday  Coordinating Editor: George Rosen    Heinz W. Arndt: A Record of Achievement                                                                                                           1  George Rosen  Heinz Arndt: Historian of Ideas                                                                                                                                5   H.W. Singer  H.W. Arndt: The Indonesia Connection                                                                                                                13   Bruce Glassburner   Economic Reform in India and China: An Essay in Honor of Heinz Wolfgang Arndt                                   29   Ross Garnaut  ARTICLES  Decomposing the Regional Gap in Cognitive Skills                                                                                            49  Harold Alderman, Jere R. Behrman, Shahrukh Khan, David R. Ross and Richard Sabot   Growth Accounting, Supply Response and Factor Returns in General Equilibrium:                                    77  The Case of Indonesia   Kumaresan Govindan, Gopinath Munisamy and Terry L. Roe   The Burmese Approach to Development: Economic Growth without Democratization                              97  Mya Maung   SHORT PAPER  The Evolving Sectoral Structure of Hong Kong                                                                                               131  Ira Horowitz   BOOK REVIEWS  Critical Issues in Asian Economic Development: Theories, Experience, and Policies.                               145  Edited by M.G. Quibria   Reviewed by Robert Aten   The Korean Economies: A Comparison of North and South                                                                         149  By Eui-Gak Hwang   Reviewed by Marcus Noland   ACAES Activity Report                                                                                                                                       153

 
 
 
 

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Volume 7

Number 2

Summer 1996

CONFERENCE ON "INDIA’S NEW ECONOMIC POLICY"
MARCH 11-14, 1994, NEW DEHLI, INDIA
 
 

India’s Economic Reforms, 1991-1995                                                                                                             161  I.M.D. Little  Converging Economic Liberalization and International                                                                               177   Disequilibria: Applications to India’s Economic Reform  John M. Letiche  Economic Liberalization and Economic Development: India                                                                       203  T.N. Srinivasan     ARTICLE  APEC 1996: An ASEAN Perspective                                                                                                              217  Lee Tsao Yuan  SHORT PAPER  Stock Prices, Inflation and Output: Evidence from India                                                                             237  Arjun Chatrath, Sanjay Ramchander and Frank Song  SYMPOSIUM  Agriculture and Food Security in South Asia by the Year 2020                                                                247  Dean A. Derosa, Manohar Sharma and Sudhir Wanmali-Coordinating Ecitors  Food Security and Human Development in South Asia: An Overview                                                    251  Yassir Islam and Sohail Malik  South Asia and The Global Food Situation: Challenges for Strengthening Food Security                  265  Mercedita Agcaoili-Sombilla and Mark W. Rosengrat  Agriculture, Trade, and Regionalism in South Asia                                                                                    293  Dean A. DeRosa and Kumaresan Govindan  Agriculture and Natural Resource Management                                                                                         317  Gerard J. Gill  BOOK REVIEWS  Standards, Conformity Assessment, and Trade Into the 21st Century                                                    333  National Research Council  Reviewed by Richard S. Weckstein  Predicting Current External Imbalances for the United States and Japan                                                 337  by William Cline  Reviewed by Ilan Goldfajn  Who Rules Japan? The Inner Circles of Economic and Political Power                                                  341  by Harold R. Kerbo and John A. McIinstry  Reviewed by Youn-Suk Kim  The Dark Side of Japanese Business: Three “Industry “ Novels                                                             345  by Ikko Shimizu  Reviewed by Kazuo Sato  ACAES Activity Report                                                                                                                                  349

 
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Volume 7

Number 3

Fall 1996

CONFERENCE ON "THE NEW INDUSTRIAL REVOLUTION ASIAN ECONOMIES"
MAY 14-17, 1996, KUALA LUMPUR, MALAYSIA
 
 

The New Industrial Revolution in Asian Economies:                                                                              357  Has It Reached Its Ceiling?—Introductory Remarks   M. Dutta  Reflections on Economic Growth in Asia and the Pacific                                                                        365   Arnold C. Harberger  Asia’s Economic Growth in the Next Decade: Opportunities and Constraints                                    393  Jang Hee Yoo  The Role of Foreign Investment in the Success of Asian Industrialization                                         407  P.J. Lloyd  ARTICLES  Trade, Investment, and Economic Conflict Between the United States and Asia                               435  Marcus Noland  How Foreign Direct Investment in Pacific Asia Improves the Current Account                         459  Maxwell J. Fry  SHORT PAPERS  Regulation Issues in the Era of Financial Liberalization:                                                                         487  Japan, Korea and Taiwan   Masumi Kishi  Towards an Indian Ocean Grouping: Prospects for Economic Cooperation                                      503  K.P. Lakirajan and R.T. Shrand  SYMPOSIUM  Asia Pacific Economic Corporation, (APEC): A Conversation with Jang Hee Yoo                          537  M. Dutta   BOOK REVIEWS  Thinking about Development                                                                                                                   551  by Paul Patrick Streeten  Reviewed by W. Paul Strassman  The Origins of Japanese Trade Supremacy: Development and Technology                                    555   In Asia from 1540 to the Pacific War   by Christopher Howe  Reviewed by Robert Evans, Jr.  ACAES Activity Report                                                                                                                             561

 
 
 

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Volume 7

Number 4

Winter 1996 (Index Issue)

ARTICLES
 

Business Cycle Transmission And Interdependence Between Japan And Australia                             569   David D. Selover and David K. Round  Korea’s Liberalization Policy Directives and Korea’s Weakening Competitiveness                              603  Yang Taek Lim  Transactional Activities and Total Factor Productivity Growth in Taiwan                                              635    Scott M. Fuess, Jr. and Hendrik Van den Berg  SHORT PAPERS  Labor Market Adjustment under Transition in Laos                                                                                    651   Yves Bourdet  Monetary vs. Fiscal Policy: Some Evidence from Vector Autoregression for India                                 677   M.I. Ansari  SYMPOSIUM ON ASEAN-INDIA ECONOMIC RELATIONS  Introductory Note                                                                                                                                               699   V.V. Bhanoji Rao  ASEAN Strategies on Foreign Direct Investment and Prospects for ASEAN-India Investments        701   Suthiphand Chirathivat  Institutional Mechanism for ASEAN-India Cooperation: Trends and Prospects                                    723   Mahani Zainal-Abidin  ASAEN-India Cooperation in Trade and Tourism: Trends and Prospects                                               743   Suthiphand Chirathivat  Indian Economic Reforms and ASEAN-India Economic Relations                                                           759   V.V. Bhanoji Rao  BOOK ESSAY  "Latent Dynamism" in China’s Economy: A Review of Understanding China’s Economy.                769  By Gregory Chow  Essay by Gary H. Jefferson  BOOK REVIEWS  The Dark Side of Japanese Business: Three "Industry" Novels                                                              777  By Ikko Shimizu, translated by Tamae K. Prindle  Reviewed by Kazuo Sato  AFTA in the Changing International Economy                                                                                           781  By Joseph Tan  Reviewed by Ludo Cuyvers  Financial Deregulation and Integration in East Asia                                                                                  785   Edited by Takatoshi Ito and Anne O. Kreuger  Reviewed by Chung H. Lee  INDEX                                                                                                                                                                793  ACAES Activity Report                                                                                                                                  799

 
 
 

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Volume 6

Number 1

Spring 1995

ARTICLES

THE POSSIBILITY OF NESTING SOUTH ASIA IN                                                                                    1  ASIA-PACIFIC ECONOMIC COOPERATION  Kanta Marwah and Lawrence R. Klein  INTERNATIONAL POLICY COORDINATION WITH                                                                               28  A DOMINANT PLAYER: THE CASES OF THE UNITED STATES,   JAPAN, TAIWAN, AND KOREA  Frank S.T. Hsiao and Mei-Chu W. Hsiao  SHORT PAPERS  AN APEC OR MULTILATERAL INVESTMENT CODE?                                                                          53  Peter J. Lloyd  MANUFACTURING EVOLUTION UNDER PASSIVE INDUSTIRA                                                        71  POLICY AND CROSS-BORDER OPERATIONS IN CHINA:  THE CASE OF HONG KONG  Chyau Tuan and Linda F.Y. Ng  SYMPOSIUM 1: CONFERENCE ON “WHICH WAY APEC?” DENPASAR,                                          89  BALI, INDONESIA, AUGUST 29- SEPTEMBER 1, 1994  WHITHER APEC?  Gary Clyde Hufbauer  REGIONAL COOPERATION: POTENTIAL COLLABORATION                                                              95  BETWEEN APEC AND THE ASIAN DEVELOPMENT BANK  Mitsuo Sato  THE RELEVANCE OF LARGE ECONOMIC AREAS FOR THE                                                               101  DEVELOPMENT AND EFFICIENCY OF THE WORLD ECONOMY  Detlef Lorenz  SYMPOSIUM 2: CONFERENCE ON ASIA’S NEW CAPITALISM IN THE WORLD MARKET,   MAY 16-18, 1994  DEVELOPMENT OF ASIA’S EMERGING CAPITAL MARKET:                                                            113  WHAT LIES AHEAD?  Ekamol Kiriwat  JAPAN’S STOCK MARKET: LESSON FROM THE                                                                                  119   RECENT BOOM AND SLUMP  Yasuhiro Maehara  BOOK REVIEWS  FOREIGN DIRECT INVESTMENT                                                                                                                133  Edited by Kenneth Froot  Reviewed by John C. Ries  THE ECONOMIC DEVELOPMENT OF JAPAN:                                                                                         139  A QUANTITATIVE STUDY  By Ryoshin Minami  Reviewed by John C. Ries  ACAES ACTIVITY REPORT                                                                                                                        145

 
 

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Volume 6

Number 2

Summer 1995

In Memoriam: Paul J. Taubman

ARTICLES
 

BUBBLES IN JAPAN’S URBAN LAND MARKET: AN ANALYSIS                                                        153  Kazuo Sato   A CGE APPROACH TO MODELING THE DEVELOPMENT LADDER                                                    177   F. Gerard Adams and Innwon Park   SHORT PAPERS   TECHNOLOGY TRANSFER AND MULTINATIONAL CORPORATIONS:                                            201   THE CASE OF SOUTH KOREA   Hyung-Yoon Byun and Yunjong Wang   CHINA’S UTILIZATION OF FOREIGN CAPITAL AND THE RELATED POLICIES                           217   Huang Fanzhang   EXPLAINING THE SERVICE SECTOR GROWTH:   AN EMPIRICAL STUDY OF INDIA, PAKISTAN, AND SRI LANKA                                                   233   Mohammed I. Ansari   JOB SEARCH EFFECTIVENESS FOR EMPLOYED AND                                                                         247   UNEMPLOYED COLLEGE GRADUATE YOUTH IN TAIWAN   Hwei-Lin Chuang   SYMPOSIUM   CHINA’S ECONOMIC DEVELOPMENT, FIFTH BIENNIAL CONFERENCE, SPONSORED BY THE AMERICAN COMMITTEE ON ASIAN ECONOMIC STUDIES, SHANGHAI-PUDONG NEW AREA ADMINISTRATION, SHANGHAI ACADEMY OF SOCIAL SCIENCES AND CHINESE ACADEMY OF SOCIAL SCIENCES, SHANGHAI, NOVEMBER 9-12, 1994   A STAGE OF ECONOMIC REFORM: THE TIME FOR FINANCIAL MODERNIZATION                 261   Lawrence R. Klein   CHINA’S FINANCIAL MARKETS                                                                                                              267   Robert P. Forrestal   PUDONG’S DEVELOPMENT WITH A WORLD PROSPECT                                                                  275   Zhao Quzheng   PUDONG DEVELOPMENT AND THE ESTABLISHMENT OF                                                               279    SHANGHAI’S POSITION AS THE CENTER OF TRADE   Zhang Zhongli and Zhang Daogeng   THE MACROECONOMIC CORE OF CHINA’S SOCIALIST MARKET ECONOMY                          291   M. Dutta   BOOK REVIEWS   MEASURING THE COSTS OF PROTECTION IN JAPAN                                                                       297   Yoko Sazanami, Shujiro Urata, and Hiroki Kawai   Review by James C. Hartigan   INDIA’S ECONOMIC FUTURE: GOVERNMENT, PEOPLE AND ATTITUDES                                   301   V.V. Bhanoji Rao   Review by: Kishore G. Kulkarni   ACAES ACTIVITY REPORT                                                                                                                       303

 
 
 

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Volume 6

Number 3

Fall 1995

 

SYMPOSIUM: VIETNAM AND ITS ECONOMIC DEVELOPMENT
 

INTRODUCTION: THE EMERGING NEW TIGER:                                                                                   307  ECONOMIC REFORM AND DEVELOPMENT IN VIETNAM   Michael G. Plummer   VIETNAM: MARKETIZATION AND                                                                                                        311   INTERNATIONALIZATION OF ITS ECONOMY   M. Dutta   AN ANALYTICAL SURVEY OF VIETNAM’S                                                                                          327   EXTERNAL POLICY CHALLENGES   Michael G. Plummer   VIETNAM’S MACROECONOMIC TRANSITION                                                                                    351   Mauel F. Montes   ARTICLES   DOES AGRICULTURE REALLY MATTER:                                                                                                367   THE CASE OF KOREA, 1910-1970   Vijaya Ramachandran   HONG KONG’S OUTWARD INVESTMENT AND REGIONAL ECONOMIC                                       385   INTEGRATION WITH GUANGDOND:   PROCESS AND IMPLICATIONS   Chyau Tuan and Linda Fung-Yee Ng   SHORT PAPER   TESTING THE PRICE-VOLUME RELATION IN EMERGING ASIAN STOCK MARKETS                407   Imad A Moosa and Nabeel E. Al-Loughani   BOOK REVIEW   MALAYSIA’S ECONOMIC SUCCESS                                                                                                         423   Ataul Huq (Pramanik)   Review by Michael G. Plummer   ACAES ACTIVITY REPORT                                                                                                                        427

 
 
 

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Volume 6

Number 4

Winter 1995 (Index Issue)

ARTICLES
 

THE RETURNS ON CAPITAL AND OUTWARD DIRECT FOREIGN INVESTMENT:                       437 THE CASEOF SIX JAPANESE INDUSTRIES  Kazuo Ogawa and Chung H. Lee  MACROECONOMIC ASPECTS OF KOREA’S LIBERALIZATION POLICY:                                       469  A COINTEGRATED VAR STUDY  Choon-Geol Moon and Parul Jain  SHORT PAPERS  THE URUGUAY ROUND TRADE LIBERALIZATION AND                                                                  493   STRUCTURAL ADJUSTMENT IN DEVELOPING ASIA  Yongzheng Yang  SYMPOSIUM  ASIA-PACIFIC ECONOMIC COOPERATION (APEC)                                                                             511  M. Dutta  BASED ON RECORDED CONVERSATIONS WITH C. FRED BERGSTEN, SUHADI MANGKUSUWONDO, ZHAO GONG-DA, MITSUO SATO, LEE TSAO YUAN, NEVILLE WRAN, ROSS GARNAUT, HEINZ W. ARNDT, PETER DRYSDALE, NARONGCHAI AKRASANEE, MOHAMMED ARIFF, NOORDIN SOPIEE.  BOOK  REVIEWS  WHEN GIANTS CONVERGE: THE ROLE OF U.S.-JAPAN DIRECT INVESTMENT                          589  Dorothy B. Christelow  Review by Theresa M. Greaney  ASIA PACIFIC REGIONALISM                                                                                                                   595  Edited by Ross Garnaut and Peter Drysdale  Review by Menzie Chinn  PRIVATE BUSINESS AND ECONOMIC REFORM IN CHINA                                                               601  Susan Young  Review by Sumner J. LaCroix ACKNOWLEDGEMENT TO REFEREES                                                                                                   603  INDEX                                                                                                                                                               607  ACAES ACTIVITY REPORT                                                                                         611