The Asian Economy: Constraints and Opportunities

A special issue of Economies (ISSN 2227-7099).

Deadline for manuscript submissions: 30 September 2024 | Viewed by 1022

Special Issue Editor


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Guest Editor
Graduate School of Humanities and Social Sciences, Saitama University, Saitama, Japan
Interests: economic policy; Asian economy

Special Issue Information

Dear Colleagues,

Asian economies have been considered to be a center of growth in the world. Asian economic growth has been typically driven by rapid industrialization and active global value chains. In the recent decades, however, some structural changes have occurred in Asian economies, partly due to external shocks (such as the global financial crisis in 2008–2009, US–China trade conflicts, COVID-19, and current energy price-hike). Such changes include slowbalization instead of globalization, as well as premature deindustrialization or servicification instead of traditional industrialization.

This Special Issue, entitled “The Asian Economy: Constraints and Opportunities”, aims to investigate the recent challenges and opportunities caused by structural changes in Asian economies and invite researchers and academicians to submit their theoretical and empirical works in line with this purpose. Submissions can take the form of original research studies and review articles on the appropriate theme.

Prof. Dr. Hiroyuki Taguchi
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Economies is an international peer-reviewed open access monthly journal published by MDPI.

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Keywords

  • Asian economy
  • globalization
  • industrialization
  • global value chains
  • global financial crisis
  • trade conflicts
  • COVID-19
  • structural changes

Published Papers (2 papers)

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Research

15 pages, 603 KiB  
Article
Servicification in Global Value Chains in Emerging and Developing Asian Economies
by Hiroyuki Taguchi and Ni Lar
Economies 2024, 12(6), 125; https://doi.org/10.3390/economies12060125 - 21 May 2024
Viewed by 385
Abstract
Servicification in global value chains (GVCs) in emerging and developing Asian economies has become a trend recently. However, there have been no scientific studies to elucidate the mechanism of servicification in GVCs. To fill this gap, this study aims to investigate the involvement [...] Read more.
Servicification in global value chains (GVCs) in emerging and developing Asian economies has become a trend recently. However, there have been no scientific studies to elucidate the mechanism of servicification in GVCs. To fill this gap, this study aims to investigate the involvement of service sectors in GVCs in Asian economies in terms of the quantitative interactions between service inputs and manufacturing exports and inputs and between service inputs and service exports. For this purpose, a panel vector-autoregressive model and the Trade in Value Added database of the Organization for Economic Cooperation and Development (OECD) were used for the empirical analysis during 1995–2018. The estimation results find that, first, there exist reciprocal interactions between the business services and manufacturing sectors; foreign business service inputs are induced by manufacturing exports, whereas manufacturing inputs are induced by business service exports. Second, foreign manufacturing inputs facilitate foreign business service inputs. Third, business service inputs are promoted by business service exports. These trends in the involvement of business services’ involvement in GVCs have accelerated since the mid-2000s. To enhance the role of services in GVCs, Asian economies should facilitate the removal of explicit restrictions in service trade and address regulatory divergence across countries. Full article
(This article belongs to the Special Issue The Asian Economy: Constraints and Opportunities)
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12 pages, 2455 KiB  
Article
Is Thailand Attractive to Japanese Companies?
by Hiroaki Sakurai
Economies 2024, 12(5), 122; https://doi.org/10.3390/economies12050122 - 17 May 2024
Viewed by 459
Abstract
This study examines the relationship between the business sentiment of Japanese companies regarding promising or potential countries for investment and macroeconomic statistics, such as economic or population growth in Thailand, using data from the Survey Report on Overseas Business Operations by Japanese Manufacturing [...] Read more.
This study examines the relationship between the business sentiment of Japanese companies regarding promising or potential countries for investment and macroeconomic statistics, such as economic or population growth in Thailand, using data from the Survey Report on Overseas Business Operations by Japanese Manufacturing Companies from 1992 to 2022. Although investing in Thailand has been popular among Japanese companies since the late 1980s, it has seemingly become relatively inactive in recent years. The present study’s results are summarized as follows: First, the business sentiment of Japanese companies has some relationships with relatively short-term economic growth and the business cycle in the short run. Second, business sentiment depends on long-term trends, and this stance may have changed after 2020. Third, other elements, such as minimum wage or fewer young people, do not necessarily have a relationship with business sentiment. Although more studies including capital accumulation or the global value chain should be conducted, improving the sentiments of Japanese businesspersons is desirable. Full article
(This article belongs to the Special Issue The Asian Economy: Constraints and Opportunities)
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