Since the 1985 Plaza Accord, trade, investment and economic interdependence among the Asian economies has increased, while reliance on the US has fallen. In the light of this, Kwan considers the possiblity of forming a yen bloc in the region.

This title was first published in 2000: An investigation of the issue of financial markets interdependence or integration through the application of recently developed and powerful techniques in time series econometrics. The text provides coverage of theoretical analysis and applications in the context of the Asia-Pacific region.

Recently, real and artificial barriers to international transactions have fallen sharply, causing a rise in the overall volume of international trade. East Asia has been particularly affected by the economic stresses and gains derived from deregulation. Deregulation and Interdependence in the Asia-Pacific Region explores the broadly similar experiences of certain economies in the region—China, Hong Kong, Japan, Korea—in dealing with the potentially volatile process of deregulation, and examines the East Asian response to a rapidly transforming economic environment.

This book examines the strategic interactions among China, the United States, Japan, and Southeast Asian States in the context of China’s rise and globalization after the cold war. Engaging the mainstream theoretical debates in international relations, the author introduces a new theoretical framework—institutional realism—to explain the institutionalization of world politics in the Asia-Pacific after the cold war. Institutional realism suggests that deepening economic interdependence creates a condition under which states are more likely to conduct a new balancing strategy—institutional balancing, i.e., countering pressures or threats through initiating, utilizing, and dominating multilateral institutions—to pursue security under anarchy. To test the validity of institutional realism, Kai He examines the foreign policies of the U.S., Japan, the ASEAN states, and China toward four major multilateral institutions, Asia-Pacific Economic Cooperation (APEC), the Association of Southeast Asian Nations (ASEAN) Regional Forum (ARF), ASEAN Plus Three (APT), and East Asian Summit (EAS). Challenging the popular pessimistic view regarding China’s rise, the book concludes that economic interdependence and structural constraints may well soften the "dragon’s teeth." China’s rise does not mean a dark future for the region. Institutional Balancing in the Asia Pacificwill be of great interest to policy makers and scholars of Asian security, international relations, Chinese foreign policy, and U.S. foreign policy.

This book examines China and Australia’s economic and security relations against the background of China’s increasing economic and political role. Utilizing the theory of complex interdependence, the authors consider whether greater interdependence between Beijing and Canberra augments closer economic cooperation and trade or prompts political leverage and a security challenge. Exploring China-Australia relations from the mainstream Chinese perspective this book will be of interest to scholars and students of international relations, Chinese studies, global political economy, governmental and intergovernmental organizations.

While many countries may embrace globalization at the conceptual level, the specifics of implementation vary greatly from country to country. This book includes diverse narratives which suggest how to limit globalization's negative aspects and ensure constructive engagement in the global community.

Independence and Foreign Policy is the first interpretive study of New Zealand foreign policy to cover the period 1935&–91. Based on years of detailed research, it draws extensively on relevant sources both inside and outside government. It is also an original and imaginative work which consistently takes a broad view, exploring the idea of independence in New Zealand's foreign policy, the kinds of independence most commonly pursued, and their implications in practice. The first half of the book focuses on World War II; the second provides illuminating insights into recent issues in New Zealand foreign policy such as the Vietnam War, relations with South Africa, and the anti-nuclear movement. Independence and Foreign Policy has become a standard reference in its field.