Asian Development and the Global Economy

 (Last Mod. 16.2.10) 

This site is intended to help you to gain access to some materials that you may find useful while working on the Asian Development and the Global Economy modules BSB00135-2 (level 2) BSB00136-3 (level 3). If you have any suggestions for improving the site feel free to drop me a message to j.ramsay@staffs.ac.uk.  

Site contents (sorted alphabetically by title):
Assessment  
Dictionaries of economic terms  
Economic Crisis    
Economic Development in general  
FDI in SEA  
Growth - growth accounting links
Hong Kong Links
International Trade 
Japanese links 
Korean Links
Reading List  
Singapore links 
Taiwan links 
The role of the governmen
 

Dictionaries of economic terms

If you are having trouble understanding some economics terminology or jargon then you may find this dictionary of economic terms useful. If the word you are interested in does not appear in the dictionary above, then this alternative dictionary may have what you are looking for. 

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Reading List and reading techniques

 
This link takes you to  ADAGE reading list
 
Instructions for a technique that will help you to get  a good grade on this module
 

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Useful web links       

The section below consists of links to other web-sites around the world that you may find useful.  NB I don't control any of these sites, and the links WILL go dead from time to time. (The average life-span of a web-site is 95 days!) I will not be slavishly maintaining all of these links every minute of every day. So, please be patient, most of them will be working. If you come across any other sites that are relevant to this module I would be very happy to receive them and add them to this site. It is perhaps worth pointing out that studying on this module is NOT a competitive activity. There is no policy of 'marking to the curve'. In other words there are no limitations on  the number of students who can get high marks. Consequently, sharing information, such as good web-site URLs, will not threaten your performance in the assessment process.   

Warning: In general, unless a website is on an official Government or University server, the safest policy is to assume that its content is no more reliable than something that a bloke told you in the pub last night. Do not assume that because it is on the web it must be true! I am afraid that you must use your own common-sense and judgment when accessing and using the material on anything other than government or university sites. My advice is to read everything with an extremely skeptical eye.

You can find much detailed advice on how to use the web effectively in an academic context by going to this URL:

http://www.staffs.ac.uk/schools/business/bsadmin/staff/s3/jamr.htm

 and clicking on the link called 'The Dangers of getting material from the web'

General

This is an excellent portal to a huge range of carefully selected sites that have been vetted and are known to contain useful and valid material:  Social Science Gateway. NB this site will be of use whatever kind of academic enquiry you have in a whole range of different subjects/modules.

 

Economic Development in general

South East Asian Virtual Library
 
Asia Pacific Press - a range of papers in this subject area
 
Radical alternative views on trade, development and other related issues.   NB click on the 'search' link.
 
UN data on development indicators - poverty, literacy etc.
Data from the Human Development Report Office - HDI stats. etc. 
 
An interactive table offering the following statistics for every country on the planet - GDP, population, life expectancy, literacy and fertility rates.
 
The following link takes you to a copy of some back-up notes for a course at the LSE. You should note that it was not intended for publication, but rather to provoke thought in the minds of author's students. Consequently it actually asks rather more questions than it answers, and it is totally unsuitable for quoting in assignments. Nevertheless it is an interesting read : 'Is there are Asian economic model?'. 
 
Raul Prebisch and Dependency Theory:
 

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General S. East Asian Sites

Flinders University Asian links. A good starting point for general enquiries.
 
South East Asian Virtual Library
 
The Global Policy Forum - a site devoted (mostly) to critical monitoring of the workings of the UN. However it includes a lot of material on the IMF and the World Bank
 

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The Economic Crisis

The mother of all SEA crisis web-sites!
 
Krugman, P. 'The Myth of Asia's Miracle'
 
 
Warning: Although they may help you to understand the subject matter, the next two sites are not 'fully' academic in style. We don't want to see references to 'sausages' and 'perspiration' in your assignments!
 
Krugman, P., 'Whatever happened to the Asian miracle?
 
Krugman, P.,What happened to Asia?
 
 
Center for Pacific Basin Monetary and Economic Studies
 
The Asian model the Crisis and the Fund
 
Bustelo. P., 'The impact of the financial crises on East Asian regionalism'
Warning: although 'Corporate Watch' magazine has some interesting things to say on the crisis it is written in a tabloid style and is not a credible academic source
 
 
The next site is quite good if you just want some factual details on the crisis. Be careful however, it is a site for newspapers and does not employ an academic writing style. Do not copy the style it uses: Facts on file news service
 

Here is the abstract from the paper on the next site:

In the second half of 1997 many Asian emerging economies suffered large declines in both their currency and equity markets. This Asian financial turmoil arose primarily from three interrelated sets of factors, namely: shortcomings in the financial sector at a time when global liquidity conditions were accommodative, concerns about balance of payments developments, and contagion across economies. The major channel of contagion appears to have been the sudden realisation by the market - after the sharp depreciation of the Thai baht - that a number of other Asian economies had vulnerabilities similar to those in Thailand.

Goldstein, M. & Hawkins, J., 'The Origin of the Asian Financial Turmoil'

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Economic Growth - growth accounting links

Krugman on Asian economic growth - was there an Asian miracle or not?
 
Sarel, M., 'Growth in East Asia: What We Can and What We Cannot Infer'
 
The Economist, 'The miracle of the sausage makers', a comment on Krugman.
 
Krugman responds to criticisms of his original 'Myth' paper. 
 

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The role of the government

Data on ODA 
 
Trade Policy and Economic Growth

Daly, H., 'Against free trade: Neoclassical and steady-state perspectives'

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International Trade

World Trade Organisation data
 
APEC tariff database
 
The PENN world tables (Voluminous data source)
 
Worldbank archive of trade papers
 
Trade Policy and Economic Growth
 
Daly, H., 'Against free trade: Neoclassical and steady-state perspectives'
 

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FDI in SEA

UNCTAD on FDI  -  type 'FDI' into their search engine.

FDI -The Theory

Singaporean investment

A more general reading list on FDI

The Asian Human Rights Commission

Asia Monitor Resource Center (AMRC) based in Hong Kong is :"...an independent non-government organization (NGO) which focuses on Asian labour concerns." Warning. This is not an academic site, and although some of the data on the site may be of use, you should not copy it's tabloid writing style or assume that take any opinions expressed there are necessarily valid or reliable. 

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Hong Kong Links

The official government web-site for H-K
 
Live link to the Hang-seng index
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Taiwan links

Taiwan key economic indicators

An official government/corporate site promoting trade between Australia and Taiwan

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Singapore links

Berkley University
 
The Singapore branch of the International labour Organisation.
 
The Singapore government's home-page
 
 
Japanese links

An excellent portal to a huge range of carefully selected sites that have been vetted and are known to contain useful and valid material:  Social Science Gateway. NB this site will be of use whatever kind of academic enquiry you have in a whole range of different subjects/modules.

If you are looking for data on the Japanese economy then this site: Keize Koho Centre has a mind-boggling array of data in the document 'Japan: An International Comparison'.

International Trade

The Role of the Government

 

Keiretsu

The Financial System

The Labour Market

The Economic Crisis in the 1990's

The Computer and Electronics Industries

The Telecommunications Industry

The Car Industry

Miscellaneous

Alternative Sources of Information on Japan

Economic History

 

 
 

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Assessment

    

Examiners feedback to students on previous assignments on similar modules   

  In general, your grasp of referencing techniques and conventions was appalling! I issued instructions for the approved referencing method during the semester and repeatedly pointed you towards details on my personal web-site. Failure/refusal (delete as appropriate in your own case) to follow instructions and suggestions sends the following powerful message to your markers: 

Look, maybe you did tell me where to look to find out how to reference my work properly, but basically (sic), I couldn’t be bothered. I have no idea what I'm doing, so I've just made a naff referencing system up by myself. Now give me a good mark. 

 FDI and the role Government were the most popular questions, however, very few of you bothered to discuss the problem of establishing if, and how, the effects of FDI or Government intervention may have actually caused changes in the economy. I discussed this topic many times in class, but despite the many hints I dropped about the importance of the problem, a large number of you chose to ignore it. At the very least you should have discussed and explained, in detail, how changes in FDI or levels of government intervention might have caused changes in the economy. Simply assuming that, say, raised levels of FDI will increase the rate of growth will not do.  

A disturbingly large number of you did little more transcribe the relevant sections of the recommended text, casually re-worded with a minimum expenditure of effort, from the book to your assignment. This was despite my repeated recommendations that you have a look at more than one source of information and to use the library. This is not a tactic that is likely to get you high marks!  Rather it sends your markers the following message: 

I know this is not what you want, but I’m going to interpret every question you ask as: “Read the relevant chapter in the recommended textbook and then copy bits of it out as your answer. NB re-word it slightly as you copy it so that the plagiarism isn’t too obvious.” Well, I’ve done that little bit of copying that you asked for, now where is my 75% mark?  

·         Although the failure rate on the module was very low, average marks were not particularly high. One of the main reasons for this was the fact that many of you appeared to spend a lot of time producing one very good answer and then hardly any time on the other question to produce a rather poor answer. This is a poor tactic, and another guaranteed method of reducing your overall mark. If you want to obtain very high marks in an assignment that has two parts or questions, then you have to present two very good answers, not one very good one and one crap one. I would like every student to get a very high mark; but I do need your assistance if I am to achieve this objective!

If you remain unsure of what is expected of you please have a look at my personal web-site (http://www.staffs.ac.uk/schools/business/bsadmin/staff/s3/jamr.htm) which is designed for your benefit only, and contains chapter and verse on how to get decent grades.    

Regards    

John Ramsay 

 

Sample of student writing

The following links takes you to unmarked and marked copies of a genuine student assignment on a module in South East Asian Economic Development. The paragraph numbers have been added - they were not in the original. This has been done to make it easier to discuss the work in class. 

Sample assignment

Sample assignment - marked (NB this will only be made available after the unmarked version has been discussed by all relevant classes on all sites).

 

 

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