By J.A. Lozoya, Anindya K. Bhattacharya, Jorge A. Lozoya, A. K. Bhattacharya
Asia and the recent overseas fiscal Order discusses concerns in regards to the institution of the hot overseas fiscal Oder (NIEO) in Asia. The ebook addresses a number of subject matters pertaining to NIEO in Asia, equivalent to exchange, industrialization, meals, uncooked fabrics, usual assets, local integration, and socio-cultural concerns.
The textual content is made from eleven chapters; every one tackles a particular sector in Asia. the 1st bankruptcy covers the socio-cultural imperatives. Chapters 2 and three talk about Japan’s and South Korea’s dating with the NIEO, respectively. Chapters four and five hide China and the NIEO, whereas Chapters 6 and seven take on India and the NIEO. bankruptcy eight talks in regards to the usual assets and uncooked fabrics in Southeast Asia. bankruptcy nine discusses the commercial improvement of the contributors of the organization of Southeast Asian countries (ASEAN), whereas bankruptcy 10 covers the NIEO-Indonesian family members. The final bankruptcy offers with Australia and the NIEO.
This ebook can be of significant use to people who have an interest within the actions of the NIEO in Asia.
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Extra info for Asia and the New International Economic Order
According to several projections, oil production will reach its peak sometime in the late 1980s and the world will face a serious crisis in its energy supply. Developed nations should increase efforts aimed at encouraging energy conservation and developing various alternative energy sources including coal and safe nuclear energy. Furthermore, preparation for crisis management becomes essential. Japan should allocate more resources in these directions through government initiatives. At the same time, developed countries (including Japan) should help developing countries exploit their domestic energy sources.
Economic internationalism. Economic internationalism is different from economic nationalism whose prime value is profit maximization. It predicates joint and equal responsibility for world economy and for the economic problems of each nation. Still, the new international trade system has a flaw: a nation without sufficient natural, technological, and industrial resources would suffer enormously because there is nothing to export. No exports means no capital and technological inflow which, in turn, hinders economic growth.
ASIA AND THE NEW INTERNATIONAL ECONOMIC ORDER the number of restricted items increased to 38. Still, the development and export of unrestricted items is very slow. Insufficient production of (GSP) items: The Republic of Korea has not produced enough items subject to the generalized system of tariff preference (GSP). 4 percent). Heavy concentration on labor-intensive industries: The Republic of Korea has another structural imbalance: overconcentration on labor-intensive industries. In 1976, ROK exports of textiles reached $1,556 million which is equivalent to 66 percent of the total export of restricted items.