Japan and China in the World Political Economy

Two powers in East Asia today stand to define the region's economic and commercial future: Japan, which rose in a spectacular industrial burst to become at present the world's second largest economy; and China, which is rapidly advancing towards a market economy under the watchful eye of the world. While much has been made of Japan and China’s particular economic institutions and developmental paths, few works analyze them in a comparative framework. Including contributions from leading academics, the text focuses on the period from the 1980s to the onset of the 2000s, reviewing the experiences of Japan and China across the areas of development, trade, investment, finance and technology. Drawing on a combination of official documents, economic statistics, case studies and original fieldwork, this book will give political scientists, political economists, business concerns, and policy analysts a firmer grasp of the role Japan and China stand to play in the world political economy.

1. Patterns of Late Development and the Origins of Late Liberalization 2. Introduction: Late Liberalizers: Comparative Perspectives on Japan and China 3. Development Revisiting the Japanese Economic Model 4.Developmental Dilemmas in China: Socialist Transition and Late Liberalization 5. Trade: The Legal Evolution of Japan’s Trade Liberalization Politics 6. The Institutional, Political, and Global Foundations of China’s Trade Liberalization 7.Investment From Iron Doors to Paper Screens? The Japanese State and Multinational Investment 8.A Catch-up Strategy? China's Policy Toward Foreign Direct Investment 9.Finance: Japanese Financial Politics: Institutional Challenges Toward and Against Liberalization10.Supporting Sunset Industries: The Financial System in China's Economic Development 11. Technology: Japan's Technology Policies and Their Limitations12. Chinese Technonationalism: Autonomy and Security in the World Economy

Saadia M. Pekkanen is Job and Gertrud Tamaki Professor, Jackson School of International Studies; and Adjunct Professor at the School of Law, University of Washington, USA. Kellee Tsai is Assistant Professor of Political Science at Johns Hopkins University, USA.