ECON 377 – 70: ECONOMIES OF EAST ASIA

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Week 1

January 4 (T) January 6 (R)

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

Lecture 1: Introduction to East Asia     (PPT)

 

Required Readings:

 

1). Covid Tracker1    Covid Tracker2

1). Collapse of tourism cost five Asian nations 1.6 million jobs: UN

2). (An older article) Does Asia’s superior response to COVID mean that the ‘Asian Century’ has begun?

 

Resources on Websites: Asian Development Bank     Atradius Group Publications   CountryWatch     Human Development Indicators     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

9, 11

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

16, 18

The Economy of Vietnam

 

Lecture 4: Vietnam   (PPT)     (Vietnam Monetary Policy)

 

Required Readings:

 

1). VNExpress (2021) How Vietnam’s economy has changed over 35 years of reforms

 

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

 

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

 

4). Atradius (2021) COVID vaccinations key to Vietnam's GDP growth for 2021

 

5). World Bank (2021) Digital Vietnam: The Path to Tomorrow. Taking Stock

 

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

 

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

 

Videos: Best Places to Visit in Vietnam     Old Quarter Food     Traffic   Traffic1

Week 4

 January

23, 25

The Economy of Vietnam

 

Presentations on Countries

Country Presentations

Week 5

January 30

February 1

Presentations on Countries Continued

Country Presentations Continued

 

 

Week 6

February

6

Presentations on Countries Continued

 

Country Presentations Continued

 

Assignment 2 (March 6) - Examine some of the websites dealing with a country other than the one you did for your presentation (you should not 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 7

February

13, 15

 

Presentations on Countries Continued

 

Ambiguous Role of the State and Economics of Corruption

Additional Country Information – Filling in the Blanks (TBD)

 

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

 

Required Readings:

 

Transparency International (2020). How Does Corruption Shape Asia

 

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 13)   (PDF)     Vietnam’s path forward on COVID-19 and corruption

WEEK 8

 February

20, 22

Exploring the Chinese Economy

Lecture 6: Chinese Economy     (PPT)

 

Required Readings:

 

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

2). 14 things you may not know about China's Economy

3). World Bank (2021). ‘China Economic Update’

 

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

 

Videos: China Economic Update

Week 9, Sunday February 27, 2022 – Thursday, March 3, 2022

Spring Break, No classes

WEEK 10 and 11 (first half)

 March

6, 8, 13

Exploring the Chinese Economy Cont’d

Lecture 6: Chinese Economy     (PPT)

 

Required Readings:

 

1). Chatham House (2021) What is China’s Belt and Road Initiative (BRI)?  

 

2). Atlantic (2021) The Chinese ‘Debt Trap’ Is a Myth

 

3) CSET (2020) China’s 14th Five-Year Plan

 

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     What is China’s Belt and Road Initiative?

 

Assignment 3 Cancelled

 

March 18 – Tentative country report proposal due (please arrange for appointment)

On Your Own

To Live

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.

WEEK 11 and 12

(first half)

March

15, 20

The Japanese Economy

Lecture 7: Japanese Economy   (PPT)

 

Required Readings:

 

1). Japan GDP rebounds to annualized 5.4% rise in October-December

2. Japan’s New Prime Minister Takes On Abenomics’ Legacy   (PDF)

 

3). Japan’s Sharemarket Finally Emerges from Three Lost Decades

 

Additional Readings:

 

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

 

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

 

3). Immigration in Japan

 

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

 

Videos: Ageing Japan | The Burden of a Graying Planet | 101 East    From Abenomics to Suganomics: Japan’s Economic Outlook     Ten Best Places in Japan       

WEEK 12

March

22

NO CLASS

Please meet with your group to prepare consultant report

WEEK 13

March

 27, 29

South China Dispute Maritime Disputes

 

Intro to Regional Organizations and Issues

 

 

 

Maritime Disputes   ASEAN

 

Articles: H&M upsets Vietnam after kowtowing to Beijing over ‘problematic map’     Philippine defense chief in verbal tussle with China on reef

 

Resources on Websites: Asian Development Bank     APEC     ASEAN     Asian Economic Integration Monitor     Asia Regional Integration CenterMaritime Dispute PPT

 

Videos: ASEAN explained in 5 minutes   Tensions Escalate in The South China Sea: Why China Build Islands to Claim The Sea     What’s behind the South China Sea dispute? | Start Here   

WEEK 14

April

3, 5

Consultant Report Presentations

April 3 – Meet with your groups. I will be available in the classroom to discuss your presentation.

April 5 – First Presentation begins

WEEKS 5 and 16

April

10, 12, 19

Consultant Report Presentation

 

 

Exam Period 

Take-Home Final Exam Due April 25, 2022        Take-Home Final Exam   (PDF)

 

Links: Economic Snapshot for ASEAN     Southeast Asia Rising from the Pandemic     The World Bank In East Asia Pacific

US admiral hypes ‘China militarization’ in S.China Sea     China’s military buildup on South China Sea islands threatens region: US commander