This book provides an insider’s overview of the emerging Chinese biopharma sector, its dynamics and trends, first bust and boom cycle, long-term perspectives, and how as a foreign company or investor to tap into this. China has gone from a country with no innovation in drug discovery, to a country which starts to out-license its biopharma technology to the rest of the world. The Chinese biopharma sector is only a decade old, but it already has become a new driver of growth and value. The book takes a closer look at what drives Chinese innovation in the biopharma sector, how to deal with this innovation, and what opportunities and challenges this provides for foreign companies. The book also takes a deep dive into its first biopharma boom and bust cycle, and what it means for the sector. It also explains what deals Chinese biopharma companies and investors are looking for, what works and what doesn’t, and how as a foreign company can tap into the world’s second largest healthcare market.

This book focuses on environmental technology and financial markets of the Asia-Pacific region, which includes traditional and emerging innovative countries such as Japan, China, and South Korea. The research and its outcomes presented here are devoted to the nexus between innovation in environment-related technologies, finance, and environmental, social, and governance (ESG) issues. A promising means of achieving a sustainable society is to accelerate innovation in environmental technologies. Chapters of this book tackle some important issues. Using the data on environmental innovation creation and financial markets, the contributors identify three scopes in which ESG performance forms how investors evaluate corporate performance against climate-related risk in the Asia-Pacific capital markets (e.g., corporate bond and credit default swaps); how lenders allocate their credits according to carbon emissions in Japan; and what determines environmental technology creation and how it affects environmental improvement at a country-level. This book thus provides insights into the nexus between innovation in environment-related technologies, finance, and ESG.

This book aims to investigate the global value chain (GVC) from a viewpoint of industrial development and examine how GVC participation, upgrading, and connectivity have affected structural transformation in developing economies. It first reviews the indexes to measure progresses in GVC participation and upgrading. Then it examines factors affecting these progresses, using original measures of connectivity, which are computed based on the complex network theory. Another distinguished feature of the study is its in-depth analyses on the relationship between economic development and GVC participation based on the hypothesis of nonlinear relationship which is drawn from authors past studies on Asian economies. Major findings include (1) inverted-U shaped relationship between backward participation and income levels, (2) U shaped relationship between forward participation and income level, (3) marginal but significant impacts of maritime and aviation connectivity on GVC participation, (4) significant and different roles of basic and advanced education on the upgrading in GVCs, and (5) the importance of technological intensities in export in sustaining economic growth.

This book seeks to reconcile the dual forces of war and economic globalization in tracing China's early modernity. For late imperial China, there were two forms of encounter with the West; the guns of invading Europeans, and the ledgers by which trade between China and the West was measured and regulated. Even today, China's reactions to the West oscillate between business-driven openness and military paranoia. In this intellectual tour de force, Bozhong Li, one of China's preeminent intellectual and economic historians, traces the unprecedented transition that led China into the modern world; the book will be of value for economists, historians, and sinophiles alike.

This book focuses on input trade liberalization in China and discusses the underlying causes and profound effects of Chinese enterprises facing import liberalization of intermediate input. The content of this book includes ten chapters. The analysis of this book mainly uses academic research, with policy study for a few chapters. Most chapters in this book apply the standard method of contemporary economic systems, integrating into the most advanced economic theories of international trade. The author uses theoretical models to obtain predictions which receive empirical support and carries out strict empirical research using data of China's manufacturing enterprises and China's customs to analyze the causes which affect Chinese enterprises facing import liberalization of intermediate input after China’s reform and opening-up.

This book focuses on the innovative development of microfinance in China and takes Luqiao District, Taizhou as the example to sum up Chinese experiences in the local innovative development of microfinance and the application of that experience nationwide. Based on theoretical research regarding microfinance, this book analyzes the history and current situation of the development of microfinance in Luqiao District, and places emphasis on proceeding from three-pronged positioning, five characteristics and three major modes of microfinance’s innovative development in Luqiao District to explore and summarize the Luqiao story of microfinance. Subsequently, this book takes five perspectives—the innovative development of small and medium-sized banks, the innovative development of non-banking financial institutions, the roles of private capital, the policies of the local government and cooperation between the Chinese Mainland and Taiwan—to analyze the experience and paths for helping the development of small and micro enterprises. Finally, based on the conclusions of the research, this book presents some inspirations from the innovative development of microfinance in Luqiao District and future prospects. This book will interest economists, scholars of China’s economic model, and banking sector analysts.

This book proposes digitalization as a promising direction for green growth and sustainable development of the economy of Central Asia. It reveals the advanced and unique hands-on and case-based experience of Central Asia in ESG management with the involvement of digital technologies and provides practical recommendations on the extension of the use of digital technologies in ESG management of the development of the green economy in Central Asia.

This book addresses one of the most pressing geopolitical inquiries of our era: how will China's ambition manifest on the global stage? To address this question, the book considers China’s long tradition of statecraft. By doing this, it provides a unique and novel insight into the “why” behind China’s actions and sparks a crucial dialogue on “how” to best navigate China’s global rise.

This book presents an analysis of how the economic Korean Miracle spread into the cultural “Korean Wave” (Hallyu). First only in Asian countries and then around the world, the rising popularity of the Korean Wave continued within the pandemic—despite or even because of policies of digital lockdowns. Partially, this has been by design as Korea for decades has had a very strong fast development drive in telecommunications and that aided the growth of its cultural wave. Partially however, this became exclusively by default how the Korean Wave had to spread increasingly in a digital manner after 2020 globally, in response to many countries’ rules regarding the COVID-19 pandemic in their attempts to enforce a decline in face-to-face content consumption.

This book presents an analysis of how the economic Korean Miracle spread into the cultural “Korean Wave” (Hallyu). First only in Asian countries and then around the world, the rising popularity of the Korean Wave continued within the pandemic—despite or even because of policies of digital lockdowns. Partially, this has been by design as Korea for decades has had a very strong fast development drive in telecommunications and that aided the growth of its cultural wave. Partially however, this became exclusively by default how the Korean Wave had to spread increasingly in a digital manner after 2020 globally, in response to many countries’ rules regarding the COVID-19 pandemic in their attempts to enforce a decline in face-to-face content consumption. In retrospect, this has meant only more digital growth and innovation for the Korean Wave in past years compared to other cultures' entertainment complexes that suffered more. Korea's earlier digital readiness combined with later lockdown conditions and pushed the Korean Wave further ahead.

The Asian Yearbook of International Economic Law (AYIEL) 2023 addresses the rapidly evolving field of international economic law with a special focus on Asia and the Pacific. This region has long been and remains a major engine of the world economy; at the same time, it is characterized by a host of economies with varying developmental levels, economic policies and legal jurisdictions. The AYIEL 2023 therefore focuses on international economic law, especially on security and industrial policy.

This book presents an interdisciplinary understanding of the social, and economic drivers of far-right politics in South Asia. In response to the growth of xenophobia, reactionary nationalism, authoritarianism, and aggressive leadership in the region, it examines both the religious and economic conditions that have encouraged far-right populism and the profit-driven capitalist systems it produces. The book also delves into the unique histories of South Asia, along with the region's religious and cultural traditions, to provide context for broader economic and political trends and shed light on the consolidation of wealth and growing inequality.

“This is a remarkable book. Focusing upon Korea’s Hyundai Motor Company, it provides an original account of the success of this company in the global automobile industry. Theoretically informed, cognisant of the academic literature, and insightful at every turn, this book will appeal to scholars across the social sciences including economics, economic geography, and economic sociology. The authors have key insights that will resonate with scholars interested in the global industrial champions of the 21st century. A wonderful achievement.”

This book, authored by the head of the American Chamber of Commerce in Shanghai during the US-China trade war, is a sobering look at the realities of the intermeshed nature of the Chinese and American economies at a time of increasing political tension. Foreign companies are caught in the middle between compliance with US laws and policies versus doing what’s required to have support in China and access to the world’s largest growth market. Opportunities still exist, but this is a dangerous and complicated time. This book will be of interest to professionals, economists, and scholars of US-China relations.