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"Pomfret, Richard W. T"
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Regionalism in East Asia
This book examines an important economic development in East Asia during the first decade of the 21st century. Whereas regional arrangements were, with the sole significant exception of ASEAN, conspicuously absent before 2000, they have proliferated since 2000 in both the monetary and trade areas. The book places this political development in the changing nature of the national economies, especially their increasing integration into regional and global value chains with the fragmentation of production processes.
eBook
China's Belt and Road Initiative, the Eurasian landbridge, and the new mega-regionalism
\"This contribution to the World Scientific series on the Belt and Road Initiative focuses on the overland connections west from China, the Silk Road Economic Belt component of the BRI. It emphasizes the economic underpinning of the Belt in the market-driven creation of the Eurasian Landbridge and the linking of regional value chains. A fundamental economic driver behind this is the twenty-first century evolution of international value chains, in which China plays a major role, and their transformation by new trade technologies. Finer fragmentation of production and wider scanning for participants in value chains underlie the need for common, preferably global, regulation of new trade technologies and the emergence of mega-regional trade agreements (and China's response to such agreements). Thus, the Eurasian part of the Belt and Road Initiative must be seen in conjunction with China's growing role in the twenty-first-century global economy. Especially since the 2016 US presidential election, these connections have become entwined with China's reactions to criticisms of the Belt and Road Initiative and China's recognition of the benefits of more nuanced economic diplomacy to find common ground with other economic powers, notably the European Union and signatories of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.\"--Back cover.
Book
Foreign Direct Investment in a Centrally Planned Economy: Lessons from China: Comment on Kamath
Shyam Kamath's (1990) recent study of foreign direct investment (FDI) in China aims to collate recently available data in order to draw lessons for FDI in other centrally planned economies and for the future of China's economic development. The article's conclusions are described as tentative, and they are rather negative - the Chinese FDI policy is unlikely to bear fruit. It is argued that stronger lessons can be drawn from China's experience with FDI, and that this experience has been a positive one. The major criticism of Kamath's article concerns its failure to view the Open Door policy in a more dynamic light. Kamath mentions considerable changes, but presents data mainly on 1979-1983 (and never beyond 1985) and treats this as the single period of the Open Door policy. Observing the evolution of Chinese policy undermines or even reverses many of Kamath's conclusions.
Journal Article
Sports through the lens of economic history
From professional team sports to international events such as the Olympics and Tour de France, the modern sports industry continues to attract a large number of spectators and participants. This book analyzes the economic evolution of sports over the last 150 years, from a pastime activity to a big business enterprise. It begins at a time when entrepreneurs and players first started making money from professional sports leagues, through to the impact of radio and TV in the twentieth century, and onto the present day.
Book
The Mechanization of Reaping in Nineteenth-Century Ontario: A Case Study of the Pace and Causes of the Diffusion of Embodied Technical Change
This paper aims to provide an economic explanation of the pace and causes of the diffusion of the mechanical reaper in Ontario, 1850–1870. The analysis is based on Paul David's diffusion model, extended by the introduction of the size distribution of farms. The model is able to capture the reaper's S-shaped diffusion path. The major explanatory variable is improvements in reaper design, followed in importance by increased scale of operations and changes in factor prices. A third finding is that the effect of change in one of the three explanatory variables depends on the level of the other variables.
Journal Article