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Yves Tiberghien 동아시아연구원 2005 Journal of East Asian Studies Vol.5 No.3
This article reexamines the period of the Japanese bubble (1985–1990) and emphasizes ill-supervised and ill-sequenced financial deregulation as a key proximate factor. Given the subsequent costs of this political choice, what explains such a path of domestic financial deregulation without the establishment of corresponding supervisory institutions? I argue that the suboptimal Japanese outcome represents the equilibrium point for political leaders who had to balance global pressures to deregulate the economy, corporate pressures to liberalize finance, and domestic resistance by an array of politically connected interest groups. The government chose ill-supervised financial deregulation as the path of least political resistance and the golden bullet that could both defuse trade tensions with the United States and readjust the Japanese political economy in a harmless way. Instead, as they interacted with other fac-tors, the choices made in the early 1980s destabilized the Japanese system and carried the seeds of the ensuing financial crisis.
COVID-19, US-China Conflict, and Multilateralism in East Asia
Yves Tiberghien 제주평화연구원 2020 Jeju Forum Journal Vol.2020 No.1
How is multilateralism and regionalism in East Asia coping with the COVID-19 pandemic and economic shocks? This article argues that East Asian countries have shown a high degree of convergence in their approach to the pandemic and the informal institutional arrangements of the region have shown quite a bit of resilience overall. There will be some adjustment to supply chains but not a drastic economic fragmentation. However, the region is also beset with increasing security tensions that are related to the US-China confrontations and hardening of governance in China and the US, in addition to Indo--Chinese tensions. The future will be shaped by this balance of continued resilience and securitization oa:urring at the same time.
T. J. Pempel,Sheldon Garon,Junko Kato,Yves Tiberghien,Richard J. Samuels 동아시아연구원 2006 Journal of East Asian Studies Vol.6 No.1
Richard Samuels book, Machiavelli's Children: Leaders and Their Legacies in Italy and Japan raises a number of important issues concerning political leadership and the role individual leaders can play in a nations history. This is a roundtable involving four critical essays and the authors response. Discussion centers on the book, its methods, its broader applicability and the ways in which it dovetails with other intellectual concerns, particularly as these apply to contemporary East Asia.