The Significance of Enterprise Anthropology in Asia

Abstract

Anthropology is known for its qualitative methods and its body of theory which is based on 150 years of study of human origins and cultures. This vast body of knowledge provides a base for the continuing study of humans in all contexts and twenty-first-century anthropology includes an array of subfields specializing in human behavior in diverse contexts. Enterprise anthropology is one of these subfields and this volume captures some of the valuable work being conducted in this field in Asia. It is a welcome addition to the literature on business anthropology not only for the quality of the research but also because it demonstrates the growth of the field in Asia. In this chapter, I first discuss enterprise anthropology and its relation to the field of business anthropology. Then I provide a brief history of the field’s development to put the importance of this current volume in context.     

Comment on Bo Gustafsson's “The methodological problems of institutional economic history”

Abstract

The brand of institutional economics that I apply to history is called the New Institutional Economics. Beyond economic history it is being widely accepted and adopted by not only economists, but political scientists, sociologists, anthropologists and scholars from business schools and law schools as well. The reasons are not hard to see. This new approach confronts the very real problems of our society, integrates research from all the social sciences, draws from and integrates the results with micro-economic theory, and delves into the cognitive science sources of decision making. It is not surprising that it is enjoying ever increasing popularity as reflected in the creation of the International Society of the New Institutional Economics (ISNIE) and spectacularly successful international meetings first in St. Louis in 1997 with Ronald Cease as president and the second this past September in Paris where I was president. The first meeting had participants from 24 countries and at the most recent international meeting we could not accommodate all those who wanted to participate.     

Book Reviews

Gerald Tan, The End of the Asian Miracle? Tracing Asia's economic transformation Wendy Dobson (ed.), Fiscal Frameworks and Financial Systems in East Asia: how much do they matter? Eun Mee Kim (ed.), The Four Asian Tigers: economic development and the global political economy Paul B. McGuire, John D. Conroy and Ganesh B. Thapa, Getting the Framework Right: policy and regulation for microfinance in Asia Seiichi Masuyama, Donna Vandenbrink and Chia Siow Yue (eds), East Asia's Financial Systems: evolution and crisis Dominique Haughton, Jonathan Haughton, Sarah Bales, Truong Thi Kim Chuyen and Nguyen Nguyet Nga (eds), Health and Wealth in Vietnam Dang Phong and Melanie Beresford, Authority Relations and Economic Decision‐Making in Vietnam: an historical perspective Suiwah Leung (ed.), Vietnam and the East Asian Crisis Peter Drysdale and David Vines (eds), Europe, East Asia and APEC: A shared global agenda? Anthony Bende‐Nabende, FDI, Regionalism, Government Policy and Endogenous Growth: a comparative study of the ASEAN‐5 economies, with development policy implications for the least developed countries East Asia Analytical Unit, Korea Rebuilds: from crisis to opportunity Prema‐chandra Athukorala, Trade Policy Issues in Asian Development Jean‐Claude Berthelemy and Tommy Koh (eds), The Asian crisis: a new agenda for Euro‐Asian cooperation Yuko Arayama and Panos MourdoukoutasChina Against Herself: innovation or imitation in global business? Werner Draguhn and Robert Ash (eds), China's Economic Security     

THE SUPPLY OF ECONOMIC HISTORY IN AUSTRALASIA: THE AUSTRALIAN ECONOMIC HISTORY REVIEW AT 50

In 2010, the Australian Economic History Review published its 50th volume. To mark the occasion, we present a quantitative analysis of the output of economic and business history that has appeared in its pages since 1956, and review the development of the discipline through its journal editors. Content was until recently overwhelmingly focused on Australia and New Zealand economic and business history, despite the efforts of past editors to attract more scholarship on the wider Asia‐Pacific region. Articles on Asia and the rest of the world have become more common since the late 1990s.     

Population Problems of the Countries of Asia

Abstract

This study seeks to explain the variation in U.S. foreign direct investment (FDI) in Latin America and Asia. The analysis focuses on 19 Latin American and Asian countries for the period of 1979–1999. The results show that the variation in the U.S. FDI can largely be attributed to the differences in fundamental economic and social factors such as market size, gross domestic product (GDP) growth, macro-economic stability, the degree of trade openness, and both school enrollment and infrastructure availability. Separating the data into two time periods reveals interesting results about the location decisions for U.S. investors. In addition, the results from the comparison between the two regions show that Latin American countries clearly attract U.S. FDI for different reasons than Asian countries.     

Business history as economic history

Abstract

Since economic history became established as an academic discipline in the Swedish universities in the 1950s, more than ISO doctoral dissertations have been published. Of these, about 10% can be characterized as business monographs, while roughly another 10% deal with aspects of trade and industry, relying mainly on business archives. Business history, accordingly, has become an established part of economic history in Sweden. Most of the literature dealing with the history of firms does not, however, appear in the form of doctoral theses, a wide range of books has been published, from sometimes heavy, academic works by established scholars, to glossy anniversary pamphlets lacking scholarly interest.¹     

Japan's Policy Stance on East Asian Neo-Regionalism: From Being a “Reluctant”, to Becoming a “Proactive” State

Abstract

This article is a theoretically grounded empirical contribution aimed at shedding light on Japan's policy stance on East Asian neo-regionalism. It aims to examine the recent region-building process in East Asia. The dynamics in East Asia suggest that regional institutionalization, brought about by norm diffusion based on the idea of neo-regionalism, is likely to follow a progressive and evolutionary trajectory through the institutionalization of the Association of Southeast Asian Nation (ASEAN)?+?3 (South Korea, Japan and China). It provides a wide spectrum of regional-integrationist perspectives in order to offer as full a picture as possible of Japan's role in promoting regional integration in East Asia. The key finding of this article is that Japan has changed from a being “reluctant”, to becoming a “proactive” state in the context of regional collaboration in East Asia.     

Visualising defence and war in economic history journals (1989–2018)

ABSTRACT

Economics usually takes for granted a peaceful world with peaceful market transactions, where war and conflict are anomalies to the current state of business life. However, as History shows violence is a pervasive phenomenon. How is the current state of the art of research on war and defence in economic history journals? This paper provides an overview of research published on this topic by a selection of economic history journals since the fall of Berlin wall. By means of bibliometric and cluster analysis, and using visualising analytical tools, we show the production, main topics, authors, sources, etc. on this research area, and compare with the treatment received in economic journals. The main findings are that publications in economic history journals have increased in the last decades; cover a list of themes broader than that in economic journals; give an increasing importance to quantitative techniques; cite sources from the same area as well as from the top economic journals; and show a relative lack of appeal to neighbouring disciplines. Although economics and economic history influence each other, the direction of the scientific knowledge is going mostly from economics towards economic history rather than the opposite.     

An impact of economic integration through trade: on business cycles for 10 East Asian countries

Many recent studies about East Asian countries discussed “natural” economic integration through trade, but there are few rigorous empirical studies on how their economies were affected by the evolution of economic integration within the region. This paper investigates the effect of bilateral trade dependence on the co-movement of business cycles for 10 East Asian countries. We find that economic fluctuations tend to be more synchronized within the region as trade interdependence among them deepens. This finding suggests the necessity of cooperative efforts to prevent or adjust unfavorable future economic crisis in East Asia.     

Bilateral FTA Development in Asia ＆ China＇s Policy Choice

Following the process of negotiations on bilateral FTA in Asia and the Asian economic integration process, the author analyzes the reasons for the rise of bilateral FTA in Asia and then mainly discusses the policy choice of China to participate in bilateral FTA in Asia.     

The entelechies of mercantilism

Daniel Waldenström's debate article in this issue of the SEHR raises several interesting questions for discussion. I will not comment on his criticisms of Swedish economic historians' publishing practice and their international participation; I will state only that I think economic and business historians in the Nordic countries should increase their international activities and their publications in international journals. In my opinion this concerns particularly scholars in my own country, Norway. Waldenström makes, however, several normative assertions about economic history that concern the discipline as a whole, including the guiding principles of the editorial policy of the SEHR. His normative claims about content and the methodological foundations of economic history deserve an answer.     

The growth path of the dynamic Asian economies

The rapid and sustained growth of several Asian economies led researchers, policymakers, and decision‐makers in the world of international business to search for a plausible Asian model of growth. Numerous explanations of the dynamic growth in Asia have been put forward, including the ‘new structuralist’ approach proposed by Lin (2012). This paper examines the various explanations of what these countries did to unleash their growth potential. Industrial policy and market intervention are two such explanations. While the dynamic Asian economies did not flout the Washington Consensus, they adapted it in different ways. The policies that they followed under the Beijing Consensus allowed them to proactively follow pro‐business policies. They also exploited the concepts of economic statism or state capitalism, which became an integral part of what became known as the ‘Asia model’.     

The role of U.S. naval power in the Asia‐pacific region: From regional protector to regional balancer

For more than four decades, U.S. engagement in the Asia‐Pacific was centered on two premises: a Cold War commitment to Asian security and the remarkable economic power of the U.S. The U.S. Navy provided a symbol of the United States’ commitment to protect its interests and those of its major Asian‐pacific allies. Despite the end of the Cold War, the security environment of the Asia‐Pacific region is still less changed and even a new threat of a regional naval arms race emerged in the 1990s. In this context, although forward deployments of U.S. military power in the Western Pacific have been scaled down, it is certain that the U.S. naval force will continue to play an important role as a key “regional balancer.” Amid the collapse of the Soviet Union and in the post‐Cold War era, the U.S. has still emphasized the maintenance of a U.S. forward‐deployed presence and strong defense alliances with U.S. allies in order to prevent the emergence of regional hegemonic powers and to contribute to regional stability as well as improve U.S. economic interests. Moreover, in the face of a multitude of threats from state and non‐state actors, the U.S. Navy is increasingly focused on and driven by the demands of peacetime and crisis forward presence.     

On women's history and economic history

Abstract

Women's history at the university level can be seen as an interdisciplinary movement, with researchers working in disciplines other than history itself, such as the history of ideas, sociology, anthropology and literature, among others. My initial wish here was to give a broad overview of the state of women's history in Sweden today, but this would have involved too long a discourse.¹ But it needs to be stressed that the connections across the usual boundaries of the academic disciplines are many.²     

An East Asian paradigm?

The World Bank's 1993 East Asian Miracle report proposed two models of East Asian Development, one based on the Japanese economy, the other on the more recent miracle economies of Southeast Asia. The latter pursued open-market and investment policies compatible with Anglo-American economic norms, while Japan and its coterie (South Korea and Taiwan) forged industrial policy regimes with high levels of government intervention and protection. Japan takes a different view of Southeast Asian success—as a combination of conscious emulation of Japan and concentrated Japanese foreign direct investment, aid, and regional industrial strategy. This article explores the tension between the World Bank thesis and the Japanese view, embodied in a growth metaphor called flying geese. The author concludes that Japan has been far more reactive and opportunistic than the flying geese metaphor suggests, but that this paradigm has a profound influence on Japanese government and corporate strategy in Asia.     

Impacts of Sequential Free Trade Agreements in East Asia: A CGE and Political Economy Analysis

Abstract

This paper estimates the economic impacts of the various sequential liberalization scenarios in East Asia, emphasizing the significance of the “sequence” of the liberalization process in computable general equilibrium (CGE) analysis. The major findings are as follows: (1) “Sequence” matters in measuring the economic impacts of free trade agreement (FTA) scenarios in the region; (2) Scenario 1 (Korea-China FTA → Korea-Japan FTA → China-Japan FTA) is the sequence maximizing Korea's economic gains, whereas Scenario 3 (Korea-China-Japan FTA) is the one most preferred economically by China and Japan; (3) Korea's FTAs with the United States (US) and European Union (EU) can be evaluated as a preemptive strategic move, causing changes in FTA preferences of Korea and Japan; (4) the prediction of Bond and Baldwin (adjustment cost and juggernaut effect) and that of Evenett et al. (trade diversion effect) are supported by the empirical results that Korea's (China's) expected gains from northeast Asian FTA sequences increase (decrease) after Korea's FTAs with the US and EU are made; (5) predictions about the International Political Economy (IPE) theories (power consideration and domestic politics) upon the sequential FTA formations in East Asia are consistent with the findings above.     

Economic History of Asia: comparative perspectives

This article surveys studies that provide a comparative perspective on the economic history of Asia. The available paradigms tend to be extrapolations of the relatively well-researched long-term development of Japan and China. It remains to be seen whether these apply to other Asian countries, but they are likely to further comparative research that will help to focus scholarship on the crucial factors in understanding long-term economic development in Asia.     

Occupational Mobility Pattern in Chonju,Korea

This paper investigates the existence of the inter‐dependence between the Indian stock market and Asia's emerging markets since 1990. This study analyzes whether the MSCI Asian Index has significantly influenced the Bombay Stock Exchange Index before, during, and after the Asian financial crisis. To address this issue, the author first uses a rolling correlation, and conduct uni‐directional and bi‐directional causality tests using the Granger causality test. He then examines the impulse response functions and variance decompositions of forecast errors based on a VAR (vector auto‐regression) model. These tests provide evidence that the influence of the Asian market on the Indian market has increased during and after the Asian financial crisis. These results can be interpreted as evidence that the Indian market has been moving toward integration with other Asian markets.     

Tracing Trade Interdependence between EU and East Asia

Abstract

There have been two related trends shaping global trade during the past couple of decades: the increasing role of international supply chains and the rise of China. Increased complexity in global trade has generated a need to construct more processed trade data — trade in value added — in order to deepen our understanding of trade relations between countries. In this article, we present a broad picture of trade in value added between the EU28 and East Asian countries. We find that East Asia is important as a final demand and supply chain export destination, especially for Northern European countries, while for CEE countries it is more important as an import source for both final demand and supply chain trade. Trade with East Asia is least important for Southern European countries. The production structure of an EU country seems to be one of the main factors explaining the importance of supply chain trade with East Asian countries. The data also suggest that supply chain trade could support the growth of domestic value-added exports to the supply chain trade partner country as well as to other countries.     

European crises and the Asian economies

This paper analyses the impact of recent financial crises in Europe on the Asian economies. What is often abbreviated to GFC included three distinct crises: the 2007–2008 North Atlantic financial crisis, a 2008–2009 global economic crisis and public finance crises which became increasingly focussed on the eurozone in 2010–2012. Asia did not experience significant financial crises, and the open economies recovered relatively rapidly from the global economic crisis. The relative weight of Asian economies in the global economy, which had been increasing for several decades, grew even more rapidly in 2009–2011 as the economies of the USA and Europe faltered. This poses challenges for global economic governance, although there are constraints on Asia being a more assertive force. Problems in the eurozone hold lessons for Asia; the euro and the Schengenzone are positive responses to the emergence of increasingly complex supply chains. In a similar context, East Asia is moving hesitantly toward financial cooperation and adopting second-best approaches, such as de facto dollar pegs, to reducing bilateral exchange rate volatility.