Emerging States and Economies: Their Origins, Drivers, and Challenges Ahead PDF
Preview Emerging States and Economies: Their Origins, Drivers, and Challenges Ahead
Emerging-Economy State and International Policy Studies Takashi Shiraishi Tetsushi Sonobe Editors Emerging States and Economies Their Origins, Drivers, and Challenges Ahead Emerging-Economy State and International Policy Studies Series editors Tetsushi Sonobe, National Graduate Institute for Policy Studies, Tokyo, Japan Takashi Shiraishi, Prefectural University of Kumamoto, Kumamoto, Japan Akihiko Tanaka, National Graduate Institute for Policy Studies, Tokyo, Japan Keiichi Tsunekawa, National Graduate Institute for Policy Studies, Tokyo, Japan Akio Takahara, Graduate School of Public Policy, The University of Tokyo, Tokyo, Japan This is the first series to highlight research into the processes and impacts of the state building and economic development of developing countries in the non-Western World that have recently come to influence global economy and governance. It offers a broad and interactive forum for discussions about the challengesofthesecountries andtheresponses ofother countriestotheirrise.The term‘emerging-economystate,’apartoftheseriestitle,oritsshorthand‘emerging states,’ is intended to promote dialogues between economists who have discussed policy problems faced by ‘emerging-market economies’ and scholars in political science and international relations who have discussed ‘modern state formation.’ Many emerging states are still in the middle-income status and not immune from the risk of falling into the middle-income trap. The manner of their external engagement is different from that of the high-income countries. Their rise has increased the uncertainty surrounding the world. To reduce the uncertainty, good understanding of their purpose of politics and state capacity as well as their economies and societies would be required. Although the emerging states are far from homogenous, viewing them as a type of countries would force us to understand better the similarity and differences among the emerging states and those between them and the high-income countries, which would in turn to help countries to ensure peace and prosperity. The series welcomes policy studies of empirical, historical, or theoretical nature from a micro, macro, or global point of view. It accepts, but does not call for, interdisciplinary studies. Instead, it aims to promote transdisciplinary dialogues among a variety of disciplines, including but notlimited toarea studies, economics, history, international relations,andpolitical science.Relevanttopicsincludeemergingstates’economicpolicies,socialpolicies, andpolitics,theirexternalengagement,ensuingpolicyreactionsofothercountries, ensuingsocialchangesindifferentpartsoftheworld,andcooperationbetweenthe emerging states andother countries to achievethe SustainableDevelopmentGoals (SDGs). The series welcomes both monographs and edited volumes that are accessible to academics and interested general readers. More information about this series at http://www.springer.com/series/16114 Takashi Shiraishi Tetsushi Sonobe (cid:129) Editors Emerging States and Economies Their Origins, Drivers, and Challenges Ahead Editors Takashi Shiraishi Tetsushi Sonobe Prefectural University of Kumamoto National Graduate Institute forPolicy Kumamoto, Japan Studies Tokyo,Japan ISSN 2524-5015 ISSN 2524-5031 (electronic) Emerging-Economy State andInternational Policy Studies ISBN978-981-13-2633-2 ISBN978-981-13-2634-9 (eBook) https://doi.org/10.1007/978-981-13-2634-9 LibraryofCongressControlNumber:2018957249 ©TheEditor(s)(ifapplicable)andTheAuthor(s)2019.Thisbookisanopenaccesspublication. Open Access This book is licensed under the terms of the Creative Commons Attribution- NonCommercial-NoDerivatives 4.0 International License (http://creativecommons.org/licenses/by-nc- nd/4.0/),whichpermitsanynoncommercialuse,sharing,distributionandreproductioninanymediumor format,aslongasyougiveappropriatecredittotheoriginalauthor(s)andthesource,providealinkto the Creative Commons licence and indicate if you modified the licensed material. You do not have permissionunderthislicencetoshareadaptedmaterialderivedfromthisbookorpartsofit. The images or other third party material in this book are included in the book's Creative Commons licence,unlessindicatedotherwiseinacreditlinetothematerial.Ifmaterialisnotincludedinthebook's CreativeCommonslicenceandyourintendeduseisnotpermittedbystatutoryregulationorexceedsthe permitteduse,youwillneedtoobtainpermissiondirectlyfromthecopyrightholder. Thisworkissubjecttocopyright.Allcommercialrightsarereservedbytheauthor(s),whetherthewhole orpartofthematerialisconcerned,specificallytherightsoftranslation,reprinting,reuseofillustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission orinformationstorageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilar methodology now known or hereafter developed. Regarding these commercial rights a non-exclusive licensehasbeengrantedtothepublisher. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publicationdoesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfrom therelevantprotectivelawsandregulationsandthereforefreeforgeneraluse. The publisher, the authors, and the editorsare safeto assume that the adviceand informationin this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authorsortheeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinor for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictionalclaimsinpublishedmapsandinstitutionalaffiliations. ThisSpringerimprintispublishedbytheregisteredcompanySpringerNatureSingaporePteLtd. Theregisteredcompanyaddressis:152BeachRoad,#21-01/04GatewayEast,Singapore189721, Singapore Preface Since the turn of the twenty-first century, we have seen the emergence of new economic powers on an unprecedented scale and the concomitant rise of some states in regional and/or global affairs. Most of the emerging-economy states are stillinthemiddle-incomestatus.Theyareneitherimmunefrommiddle-incometrap nor status quoists as advanced industrialized democracies. Their future is full of uncertainties, both political and economic. Yet their rise is as significant a devel- opmentastheriseofthe“West”inthenineteenthcenturyandwillhaveenormous bearings on world affairs. It is with this question in mind that we have assembled a group of economists, political scientists and historians and organized a joint research project. We have asked three sets of questions: what challenges the emerging states and economies face and how they are trying to meet them, what their long-term historical trajec- toriesare,bothpoliticalandeconomic,inmoderntimes,andwhatlessonswelearn from their rise for state building and economic development. More than 50 academics, affiliated with universities or government think-tanks, have joined the group: economists who have been working on developing and emerging economies, political scientists who have examined developmentalist regimesanddemocratizationinthenon-“Western”world,andhistorianswhohave studied state formation and economic history in global and regional comparative perspectives.Thefour-volumeStudiesofEmerging-EconomyStateseries,ofwhich thisbookisthefirsttoshowcase ourtakeonemerging statesandeconomies, isan important product of our common endeavors. The series will include Paths to the Emerging State in Asia and Africa, which offers historical and contemporary case studies of the transition to an emerging state, Developmental State Building: The Politics of Emerging Economies which is an attempt to revisit and revitalize the notion of developmental state with more nuanced analysis of the role of human agency in structural transformation, and Emerging States at Crossroads, which analyzes economic, social, and political challenges emerging states and economies confront. v vi Preface Inthecourse ofthe5-year jointresearch, wehave developedalivelyforumfor transdisciplinary dialogue, in which far more than our joint research project members participate. And we are pleased that the forum is now being boosted further by Springer Nature’s new book series Emerging-Economy States and International Policy Studies, which seeks to publish monographs and edited vol- umes on a variety of topics related to emerging states and economies and policy studies. Many people have contributed to the preparation of this and other books in the seriesaswellastheslowmaturationoftheprojectitself.Particularly,wewouldlike tothankChrisBaker,PeterJ.Katzenstein,TaizoMiyagi,KeiichiroOizumi,thelate Cayetano Paderanga, Pasuk Phongpaichit, Osamu Saito, Hiroshi Nakanishi, and Akihiko Tanaka. Members of our research project who are not authors of chapters in this volume also gave us useful and valuable comments. We thank Caroline Sy Hau,KhooBooTeik,YusukeTakagi,andKeijiroOtsukaamongmanyothers.The projecthasorganizedmanyseminars,workshops,andconferencesoverthe5years attheNationalGraduateInstituteforPolicyStudies(GRIPS)andotherplaces.We thank all participants and people who have made those seminars, workshops and conferences happen, especially GRIPS staff, including Akiko Ishikawa, Yu Ito, Eriko Kimura, Miori Maeda, and Yasuko Takano. We are also grateful to Jumpei Watanabe, Shiho Fujiwara, Toshihide Arimura, and Kengo Soga for advice about the project organization and management. Funding forourprojectmanagementandourstudies included inthis series was provided by Japan Society for Promotion of Science (JSPS) KAKENHI Grant Numbers 25101001, 25101002, 251004, 251005, 251006, and 15K21728. The support from KAKENHI Grant Number 25101002 made the Open Access publi- cation of this series possible. Kumamoto, Japan Takashi Shiraishi Tokyo, Japan Tetsushi Sonobe Contents 1 Emerging States and Economies in Asia: A Historical and Comparative Perspective . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Takashi Shiraishi 2 Globalization and the Emerging State: Past Advance and Future Challenges . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Keiichi Tsunekawa 3 The Asian Path of Economic Development: Intra-regional Trade, Industrialization and the Developmental State . . . . . . . . . . . 73 Kaoru Sugihara 4 Financing Colonial State Building: A Comparative Study of the 19th Century Singapore and Hong Kong . . . . . . . . . . . . . . . . 101 Takeshi Onimaru 5 China’s Emerging State in Historical Perspective. . . . . . . . . . . . . . . 119 R. Bin Wong 6 A History of the Indian Economy in Asian and Global Contexts, 1810s–2010s. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139 Sugata Bose 7 Middle-Income Trap in Emerging States . . . . . . . . . . . . . . . . . . . . . 153 Tetsushi Sonobe vii Editors and Contributors About the Editors Takashi Shiraishi is Chancellor, Prefectural University of Kumamoto. He receivedhisPh.D.inhistoryfromCornellUniversityandtaughtattheUniversityof Tokyo,CornellUniversity,KyotoUniversity,NationalGraduateInstituteforPolicy Studies (GRIPS), and Ritsumeikan University. He served as Executive Member, Council for Science and Technology Policy (CSTP), Cabinet Office, President, GRIPS, and President, Institute of Developing Economies-JETRO. He also served as editor, Indonesia, Cornell Southeast Asia Program and editor-in-chief, nip- pon.com, a multilingual online journal. He was awarded the Medal with Purple Ribbon and designated to the Order of Cultural Merit. He was awarded the Medal of Bintang Jasa Utama from Indonesia. He is the author of three award-winning books:AnAgeinMotion(Ithaca:CornellUniversityPress,1990,OhiraMasayoshi Asia Pacific Award), Indonesia: Kokka to Seiji (Government and politics in Indonesia, Tokyo: Libroport, 1990; Suntory Academic Award), and Umi no Teikoku (Empires oftheseas, Tokyo:Chuokoron, 2000; Yomiuri-Yoshino Sakuzo Award). His recent works include Chugoku wa Higashi-Ajia wo Do’o Kaeruka (How is China changing East Asia? Tokyo: Chuo Koron, 2012, coauthored with Caroline Sy Hau), and Kaiyo Ajia vs. Tairiku Ajia (Maritime Asia vs. Mainland Asia, Kyoto: Minerva, 2016). Tetsushi Sonobe is Vice President of National Graduate Institute for Policy Studies(GRIPS)andadevelopmenteconomist.Hisscholarshiphascontributedtoa deeper understanding of industrial clusters, business management, public service delivery,andindustrialdevelopmentindevelopingcountriesbasedonanumberof case studies conducted in Asia and Africa. Before joining GRIPS, he was a pro- fessorofeconomicsatTokyoMetropolitanUniversityandaseniorresearcheratthe Foundation for Advanced Studies on International Development. He received his Ph.D. in economics from Yale University. He is a coauthor of Cluster-based ix x EditorsandContributors industrial development: an East Asian model (Palgrave Macmillan, 2006), Cluster-based industrial development: a comparative study of Asia and Africa (Palgrave Macmillan, 2011), and Cluster-based industrial development: kaizen managementforMSEgrowthindevelopingcountries(PalgraveMacmillan,2014). He is a coeditor of Applying the kaizen in Africa: a new avenue for industrial development (Palgrave Macmillan, 2018). He is a recipient of the Nikkei Prize for Outstanding Book Publication and the Ohira Masayoshi Memorial Prize. Contributors Sugata Bose Department of History, Harvard University, Cambridge, MA, USA Takeshi Onimaru Kyushu University, Fukuoka, Japan Takashi Shiraishi Prefectural University of Kumamoto, Kumamoto, Japan Tetsushi Sonobe Graduate School of Policy Studies, National Graduate Institute for Policy Studies (GRIPS), Minato-Ku, Tokyo, Japan Kaoru Sugihara Research Institute for Humanity and Nature, Kyoto, Japan Keiichi Tsunekawa National Graduate Institute for Policy Studies, Tokyo, Japan R. Bin Wong University of California, Los Angeles, USA
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