For students of international political economy, it is hard to ignore the growth, dynamism, and global impact of East Asia. Japan and China are two of the largest economies in the world, in a region now accounting for almost 30 percent more trade than the United States, Canada, and Mexico combined. What explains this increasing wealth and burgeoning power? In his new text, Ming Wan illustrates the diverse ways that the domestic politics and policies of countries within East Asia affect the region’s production, trade, exchange rates, and development, and are in turn affected by global market forces and international institutions.

Unlike most other texts on East Asian political economy that are essentially comparisons of major individual countries, Wan effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia’s role in the world economy. The text first takes a comparative look at the region’s economic systems and institutions to explore their evolution—a rich and complex story that looks beyond the response to Western pressures. Later chapters are organized around close examination of production, trade, finance, and monetary relations. While featuring extended discussion of China, Japan, South Korea, and Taiwan, Wan is inclusive in his analysis, with coverage including Myanmar, Thailand, Laos, Vietnam, Cambodia, Malaysia, Singapore, Indonesia, Brunei, and the Philippines.

The text is richly illustrated with more than fifty tables, figures, and maps that present the latest economic and political data to help students better visualize trends and demographics. Each chapter ends with extensive lists of suggested readings.

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PART I. CONTEXTS FOR EAST ASIAN POLITICAL ECONOMY

1. Introduction
What Is East Asia?
The Political Economy Approach
Design of the Book

2. The East Asian National Systems of Political Economy
The Political Economy Systems of East Asia: An Overview
The Japanese System of Political Economy
The Political Economy Systems of the Asian Tigers
The Political Economy Systems of Southeast Asia
The Transitional Political Economies
Conclusion

PART II. RISE AND FALL OF EAST ASIA

3. The Chinese World Order
World Orders
International Order
Political Economy of East Asian Trade
Comparative Political Economy
Beyond European Models of World History
Why Did the West Rise?
Conclusion

4. Modern Imperialism
Western Imperialism
Japanese Imperialism
Conclusion

5. The East Asian Miracle
Postwar Transformation of East Asian Political Economy
Explaining the East Asian Miracle
A Regional Perspective of East Asian Political Economy
The United States and East Asian Political Economy
The Political Economy of Growth
Conclusion

6. The Asian Financial Crisis
Tracing the Crisis
Explaining the Crisis
Crony Capitalism
Managing the Crisis
The Consequences of the Crisis
The Political Economy of the Crisis
Conclusion

PART III. ISSUES OF EAST ASIAN POLITICAL ECONOMY

7. The Political Economy of East Asian Production
The “Factory” of the World
Regionalization of Production
The East Asian State and Production
East Asian Companies
Domestic Political Economy of Production
Conclusion

8. The Political Economy of East Asian Trade
Trade Patterns in East Asia
East Asian Trade Strategies
Facing the World
East Asian Trade Regionalism
Domestic Political Economy of Trade
Conclusion

9. The Political Economy of East Asian Finance
East Asian Finance
East Asian Financial Policies
East Asia in Global Finance
East Asian Financial Regionalism
East Asian Political Economy of Finance
Conclusion

10. The Political Economy of East Asian Monetary Relations
East Asian Exchange Rate Policy
East Asia in the Global Monetary System
East Asian Regional Monetary System
East Asian Political Economy of Money
Conclusion

11. The Political Economy of East Asian Regionalism
Defining Regionalization and Regionalism
East Asian Regionalization
East Asian Regionalism
Theories of Regionalism
Political Economy of Regionalism
Conclusion

"This book presents comprehensive and balanced coverage of the political economy of East Asia. Wan does a good job weaving together major theoretical debates with country-specific examples. The topics chosen cover the main aspects of the political economy of the region. The Political Economy of East Asia is well written and should be easy for undergraduate students to follow; its organization around key issue areas offers a welcome addition to the existing literature. Overall, this book represents a valuable resource for instructors teaching courses on the political economy of East Asia. It effectively integrates key thematic issues and country-specific examples to present a comprehensive overview of East Asia's role in the world economy."

Ming Wan is professor of government and politics and director of the Global Affairs Program at George Mason University. He has held postdoctoral fellowships at Harvard from the Program on U.S.-Japan Relations, the John M. Olin Institute for Strategic Studies and the Pacific Basin Research Center, and has been a visiting research scholar at Tsukuba University and a George Washington University-Woodrow Wilson International Center for Scholars Luce Fellow in Asian Policy Studies. He has published three books: Sino-Japanese Relations: Interaction, Logic, and Transformation; Human Rights in Chinese Foreign Relations: Defining and Defending National Interests; and Japan Between Asia and the West: Economic Power and Strategic Balance. His current research interests include political economy of security, political economy of East Asia, and Sino-Japanese relations.