ECON 377 – 70: ECONOMIES OF EAST ASIA

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Week 1

January 10, 12

Introduction to East Asia- Finding Out What We Know and Don't Know

Lecture 1: Introduction to East Asia     (PPT)

 

Required Readings:

1). Does Asia’s superior response to COVID mean that the ‘Asian Century’ has begun?

 

2). 81 million jobs lost as COVID-19 creates turmoil in Asia-Pacific labour markets

 

Resources on Websites: Asian Development Bank     Atradius Group Publications   CountryWatch     Human Development Indicators     Familiarization      IMF Country Information   World Bank East Asia Pacific     World Factbook

 

Assignment 1 (Due January 31) - Construct a short (no more than 10 slides) presentation introducing a country in East Asia other than China, Japan, or Vietnam. Do not simply present statistics and be sure to note the major current economic and\or political issues.  You will be asked to make a presentation during Week 4. You may do this assignment in a group of 2 or 3.

Week 2

January

17, 19

A Little History - East Asian Miracle

 

A Little History - East Asian Crisis

Lecture 2: East Asian Miracle     (PPT)

 

Lecture 3: East Asian Crisis     (PPT)

 

Required Readings:

 

1). Bhagwati, Jagdish (1996). ‘The Miracle That Did Happen: Understanding East Asia in Comparative Perspective,’ Keynote speech delivered at Cornell University.

 

2). Krugman, Paul, (1994). ‘The Myth of Asia's Miracle,’ Foreign Affairs

 

3). Stiglitz, Joseph, (2000). ‘What I Learned at the World Economic Crisis,’ New Republic.

 

Additional Reading: World Bank (2003). ‘The East Asian Miracle : Economic Growth and Public Policy:’ Main report (English)

Week 3

January

24, 25

The Economy of Vietnam

 

Lecture 4: Vietnam   (PPT)

 

Required Readings:

 

1). Atradius (2020) Vietnam Country Report, November 2020

 

2). Bertelsmann Stiftung (2020). ‘Country Report - Vietnam.Gütersloh: Bertelsmann Stiftung.

 

3). IMF (2018) The Story of Viet Nam's Economic Miracle     (Vietnam Rising Video)  

 

4). Foreign Policy (2019). ‘Vietnam Can’t Be the Next China

 

5). McCornac, D. C. (2013). ‘Vietnam’s Foreign Policy Tightrope,’ East Asian Forum.

6). VnExpress International (2020) How Vietnam fought a pandemic and won

Resources on Websites: The Diplomat     Vietnam Express International     Vietnam Investment Review     VietnamNet     Vietnam News     World Bank-Vietnam   

 

Videos: Best Places to Visit in Vietnam     Old Quarter Food     Traffic

Week 4

 January 31

February 2

 Presentations on Countries

Country Presentations

Week 5

February 7

Presentations on Countries Continued

Country Presentations Continued

 

Assignment 2 (Due February 21) - Examine some of the websites dealing with a country other than the one you did for your presentation (you can include Vietnam).  Submit a 2-3 page report discussing a current issue that is particularly relevant to the country you choose. Reference at least 5 sources (Internet sites are fine). This is not a group assignment.

Week 6

February

14, 16

Presentations on Countries

Continued

 

Ambiguous Role of the State and Economics of Corruption

 

Exam 1

 

 

Country Presentations Continued

 

Lecture 5: Ambiguous Role of the State and Economics of Corruption    (PPT)

 

Required Readings: Transparency International (2019). ‘Asia Pacific: Little to No Progress on Anti-Corruption.   

 

Resources on Websites: Capitalism vs. Socialism     Human Rights Watch     Index of Economic Freedom     Transparency International

 

Videos: Hands     How Corruption Starts

 

Midterm Take-Home Exam (Due March 14)     (PDF)

Week 7

February

21, 23

Exploring the Chinese economy

Lecture 6: Chinese Economy     (PPT)

 

Required Readings:

 

1). Factsanddetails.com, ‘Communes, Land Reform and Collectivism in China.

 

2). Congressional Research Service (2018). ‘China’s Economic Rise: History, Trends, Challenges, and Implications for the United States.’

 

3). World Bank (2013). ‘China 2030: Building a Modern, Harmonious, and Creative High-Income Society(look at overview).

 

Resources on Websites: China Economic Review     Xinhuanet     People’s Daily Online

 

Videos: What's going on with China's economy? - BBC News     Global Investment Outlook – New Year 2019 – China’s economy slowing    

Week 8, Sunday February 28, 2021 – Thursday, March 4, 2021

Spring Break, No Classes

WEEK 9

 March

7, 9

Exploring the Chinese Economy Cont’d

March 9 – Tentative country report proposal due (please arrange for appointment)

 

Required Readings:

 

1). World Bank (2018). ‘China Economic Update

 

2). Baker and McKenzie (2018). ‘Belt & Road: Opportunity & Risk The prospects and perils of building China’s New Silk Road.’

 

3). Peter Cai (2017). ‘Understanding China’s Belt and Road Initiative.

 

Additional Lecture Materials: Made in China 2025 (PPT)     A brilliant plan, One Belt, One Road

 

Videos: Chinese Environment Part 1     Chinese Environment Part 2     Made in China 2025     IphoneSkit

WEEK 10

 March

14, 16

To Live

 

Intro to the Japanese Economy

To Live, is a film directed by Zhang Yimou, provides an overview of key events in twentieth-century China, moving from the 1940s to the 1970s.

 

Lecture 7: Japanese Economy     (PPT)

 

Assignment 3 (Due March 28) - Write a 2-3 page paper detailing what is generally perceived as the most important challenge  facing the Chinese economy. Do the opinions in China differ from those outside China? This is not a group assignment. Reference at least 5 sources (Internet sites are fine).

WEEK 11

March

21, 23

The Japanese Economy Cont’d

Lecture 7: Japanese Economy     (PPT)

 

Required Readings:

 

1). 1). Ohno, Kenichi (2005), ‘The Path Traveled by Japan as a Developing Country: Economic Growth from Edo to Heisei’, Yuhikaku Publishing Co. Ltd., Tokyo. (Chapters 11, 12 and 13)

 

2). JAPANGOV (2018) ’ABENOMICS’ (PDF)

 

3). Japan's Economy, Abenomics, and Impact on U.S. Economy

 

Additional Readings:

 

1). McCornac, D. C. (2014) ‘New Nationalism’ in Japan

 

2).  OECD.org. (2018) ‘How's Life in Japan?

 

Resources on Websites: Asia Pacific Journal: Japan Focus     Nikkei Asian Weekly     The Diplomat

 

Videos: Ten Best Places in Japan     Womanomics

WEEK 12

March

28, 30

South China Dispute

 

 

 

Intro to Regional Organizations and Issues

Videos: South China Sea Dispute Explained     Why China is building islands in the South China Sea  

 

South China Dispute

 

Videos:  Ageing Japan | The Burden of a Graying Planet | 101 East   

 

Videos: The Gap between China’s Rich and Poor 

  

ASEAN   (PPT)

 

Resources on Websites:    Asian Development Bank     APEC     ASEAN     Asian Economic Integration Monitor     Asia Regional Integration Center

WEEK 13

April

6

Tying up Some Loose Ends

 

 

WEEK 14

April

11, 13

Presentations

 

Presentations begin on April 11  Refer to Presentation Schedule for Consultant Report

 

Take-Home Final Exam

WEEK 15

April

18, 20

Presentations

 

Refer to Presentation Schedule for Consultant Report

WEEK 16

April

25. 26

Presentations

TBD

Refer to Presentation Schedule for Consultant Report

Exam Period 

Take-Home Final Exam