This book provides an empirical test of the effects of fiscal decentralization and horizontal fiscal equalization on economic growth and examines the potential trade-off between horizontal fiscal equalization and economic growth in both China and India. A comparative study of these two neighbours in Asia has shown that the degree of fiscal decentralization in both countries is far from the point where its effect on economic growth becomes positive. Despite the dangers of widening disparities in terms of interregional fiscal resource distribution from further decentralization, no substantial evidence shows a trade-off between horizontal fiscal equalization and growth in either country. In addition, both the 1994 Tax Sharing System (TSS) reform in China and the 1991 economic reforms in India have contributed to economic growth. An in-depth and more thorough going fiscal decentralization with greater emphasis on equalization of fiscal disparities are required in order to assure sustainable economic growth as well as social harmony in these two Asian countries.
This thesis investigates Sino-Japanese relations and the post-Cold War security order in East Asia. In particular, it asks whether a security regime' now exists in the region, by exploring three distinctive approaches to the possibility of structural change Waltz and neorealism, Wendt and social constructivism, and Buzan and the English school. While not ignoring the impact of shifts in the balance of power on security practices, I also investigate ideational variables that is the kinds of values, norms and institutions that are shared by the members of the East Asian RSC. I go on to ask why they are shared, how their identities and interests evolve over time and how these changes influence securitisation and desecuritisation practices. By examining these variables through societal, economic and military-political sectors, and locating them at domestic, regional, interregional and global levels, I conclude that, together with Southeast Asia, Northeast Asia has formed a single East Asian security regime'.
The thirteen ASEAN+3 countries are inching forward toward closer economic cooperation. Can the European Union serve as a model for this Asian interregional integration process? Although there are common cultural threads running through all ASEAN+3 countries, these countries have not so far envisaged themselves forming a political and supra-national legal community similar to the EU. Nevertheless, the EU as innovator and forerunner offers Asia an unparalleled road map to further regional integration.Where are the boundaries of the European Model? What form will Asian economic cooperation take? Asian and European scholars discussed these and other pressing questions on the invitation of the EU-China European Studies Centres Programme (ESCP) at a conference entitled "The EU's Experience in Integration - A Model for ASEAN+3?" held in Shanghai in January 2006. Their findings are presented in this collection of fifteen papers on politics, economics and history of the two regions.
The first Asia-Europe Meeting (ASEM) Summit in 1996 has provided the principal multilateral platform for interregional cooperation between the European and Asian countries. This book examines the equity market integration among 49 ASEM members both in EU and Asia, and to investigate whether such integration has changed after the Asian financial crisis in 1997-99 and the introduction of euro. This book contributes by applying co-integration techniques, within which correlation matrix and variance decomposition are used for daily equity indices, returns and volatilities among ASEM markets from January 1985 till December 2012, in order to test the degree of dependencies among equity markets. This book also covers theoretical background of financial integration, and presents an empirical study on regional integration by testing ASEM EU and ASEM Asia integration as a prerequisite for interregional integration of ASEM. Although a lot of research has been focused on equity market integration, the emphasis has mostly been on regional rather than interregional. This study concludes that these markets presented a moderate degree of integration before Asian crisis.
Gabor Holch presents an analysis of one of the latest developments in interregional relations, relations between the EU and East Asia. In spite of their historical ties, interaction between the two regions have been restricted to little more than trade and development projects between certain European nations and their former Asian colonies. The essay deals with the role the European Union can play in the East Asian region. Traditionally, most attention is devoted to the multilateral-intergovernmental relations which were established to provide a regulatory framework for the economic relations and political dialogue between the two regions. The high-level dialogue that arose between politicians of the two regions during the past 20-odd years, however, does not meet the standards of the period following the Cold War. The essay presents theoretical and empirical material to suggest that the aspects of the East Asia-EU interregional process linking the civil societies of the two regions make a significant contribution to the eventual strengthening of the process in the future.
The CIUTI FORUM 2009 Translating the Future focused on translation in a world in transition within the context of globalization. Recent political developments seem to be leading to a world society that is polycentric and multipolar. An international system will emerge that will be characterized by a new inter-regionalisation through a large number of interregional arrangements of various forms of economic integration projects all over the world. Following the example of the European Union, they will evolve into competing regional entities like ASEAN in Southeast Asia, NAFTA in North America, or MERCOSUR in South America. Confronted with these new geopolitical settings, the CIUTI FORUM 2009 focused on these regions which will probably develop into strong economic powers, alongside the United States and the European Union. Owing to this multi-lateralizing inter-regionalism, the exchange of goods, products and services in industry and finance will continue growing exponentially, a fact that correlates with an extremely high demand for foreign language services of all kinds. This increased need has resulted in new challenges and tasks, not only for practicing professional translators and their professional organizations, but also for translation education institutions. Contributions are made in either French or English, special stress is put on the training and intercultural communication with China, taking into account the economic and political issues, on which experts focus from an international, interdisciplinary and multifaceted perspective.
The Asia-Europe Meeting (ASEM) is one of the earliest forums that put substance into the idea of cooperation between several regional organizations. Among the three core regions in the world: Europe, North America and East Asia, interregional arrangements have been developed in various forms. ASEM emerged in 1996, with an aim to strengthen the missing link in the triadic interregional relationship. ASEM s success in initiating dialogue and cooperation between Asia and EU in economic, political and social dimensions, reflected in a plethora of meetings, conferences, seminars and activities, has created its own challenges and expectations. The success of ASEM depends on both functional and cognitive changes in both regions. ASEM progress has been made in economic cooperation. In contrast, political and security dialogues have confirmed the different positions of members, though the Seoul meeting (2000), opened the potential for interregional political cooperation. Asymmetric progress between the two parties in regional integration shows that cognitive change cannot take place overnight. Therefore, for ASEM to flourish, both interregional and intraregional changes are required.
With the maturity of the EU as a regional andinternational actor, its role in the foreign policyrelations has acquired an individual form. Over thelast two decades, the EU has been usinginterregionalism as one of its foreign policy toolsto conduct its external policies in Asia, LatinAmerica, and Africa. This paper concentrates on theEU s interregional ties with Asia, examining theAsia-Europe Meeting (ASEM) process and the EU-ASEANpartnership. The primary question to be answered iswhether interregionalism is a viable foreign policytool to pursue the EU s external relations in Asia.Departing from this point, the paper argues that thesuccess of the interregional relations is very muchdependent on the level of integration of thecounterpart regions involved in the process.Moreover, the paper demonstrates that the growingregional cohesion of the ASEAN as a regionalorganization has huge impact on overall success ofthe interregional EU-ASEAN partnership, whilerelatively low productivity of the ASEM could be bestexplained by the lack of cohesion among the Asiancounterparts of the EU involved in the process.