1980〜95年におけるアジアNIEsの景気と対外経済関係(経済発展と国際経済秩序・資源配分の観点からの歴史的評価と今日的課題,共同研究)
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概要
- 論文の詳細を見る
After the Asian NIEs recovered from the severe depression in the early 1980s, their growth rates remained high until the end of the 1980s. The engine of the upswing changed in the latter half of the 1980s. In the mid-1980s, the upswing was led by exports to the USA. They were promoted by the increase of American imports through Reaganomics and the rise of the yen against the dollar from 1985 onwards. Meanwhile, after 1988 the rise of the Asian NIEs' currencies against the dollar and high wages made their production costs expensive for exports to the USA. So that growth was led by exports to Asian countries and private consumption. This change of the export destination was also a result of foreign direct investment of the Asian NIEs both to each other and to other Asian developing countries for cheaper production. Their manufacturing share decreased and the tertiary sector became more important in their own economies. On the other hand, foreign direct investment from the USA, Japan and the Asian NIEs furthered the industrialization of the ASEAN countries and China. Industrialization spreads to further peripheral economies and international competition became more severe. Thus, Asian intra-regional trade increased and a new international division of labor was formed. But Asian exports to the USA are on the whole still large when reexports from Hong Kong are allowed for. The new division of labor was a result of the restructuring of American industry. The Asian NIEs have not established their own engine for upswing yet. The US economy still leads the world economy. Development of east Asian developing countries was and is an aspect of the changing world economy under the Pax Americana.
- 日本大学の論文
- 1998-03-25