Taiwan-China and East Asia Regional Development

Course Code

926949001

Credits

3

Hours

3

Course Objectives

The goal of this course is to examine the various fundamental issues of Asian regional development so that students will gain enough knowledge to understand the development characteristics as well as economic dynamics of the region. The course will focus on the study of growth triangles in Asia patterns of trade and investment the process of integration

The role China in Asian regional development financial system and monetary integration future development and the consequences for the global economy.

Course Contents

  • Asian Economic Integration
    • An overview
    • Comparative advantage and division of labor in Asia
    • Growth Triangles: market-driven integration
    • Economic dynamics in Asia: Flying geese pattern of development
    • FDI and trade in Asia (intra-industry inter-industry and intraregional trade)
    • The effect of globalization and ICT revolution
    • The regional production networks: the IT industry
  • Institutional Arrangement of Economic Cooperation in Asia
    • Globalization and regionalism (closed vs. open regionalism) ASEAN FTA
    • China and ASEAN: competition or cooperation?
    • Prospects for Economic Integration in Asia: ASEAN+1 +3 +6 or+?
    • Will Taiwan be marginalized?
    • Cross-strait economic cooperation: ECFA
  • The Rise of China and Cross-strait Relations
    • Economic development of China after 30 years of Reform
    • The economic development strategy in China
    • The role of foreign direct investment
    • Special Economic Zones (SEZs) and the Greater Chinese Economic Zone
    • Challenges confronting Chinese economy
    • The implication of 2008 global financial crisis on China’s economic development
    • The cross-strait economic relations: trade and investment
    • The role of Taiwan in Asian regional development
  • Financial system and monetary integration
    • The role of financial sector??
    • Asian financial crisis
    • Asian common currency