Models, markets, and power: Political economy and the Asia-Pacific, 1989-1999

Review of International Studies

Volumn 26, Issue 4, 2000, Pages 493-507

  Mastanduno, Michael ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0034369781     PISSN: 02602105     EISSN: None     Source Type: Journal    
DOI: 10.1017/S0260210500004939     Document Type: Article

References (62)

1. See I.M. Destler and Michael Nacht, 'U.S. Policy Toward Japan', in Robert Art and Seyom Brown (eds). U.S. Foreign Policy: The Search for a New Role (New York: Macmillan, 1993), p. 289.
2. Akio Morita and Shintaro Ishihara, A Japan That Can Say No (Tokyo: Kobunsha, 1989).
3. Clyde V. Prestowitz, Jr., Trading Places: How We Are Giving Our Future to Japan and How to Reclaim It (New York: Basic Books, 2nd edn., 1990), p. 3.
4. See Clyde V. Prestowitz, Jr., Ronald A. Morse, and Alan Tonelson (eds), Powernomics: Economics and Strategy After the Cold War (Washington, DC: Madison Books for the Economic Strategy Institute, 1991), p. ix.
5. Chalmers Johnson, MITI and the Japanese Miracle: The Growth of Japanese Industrial Policy, 1920-1975 (Stanford: Stanford University Press, 1982), and 'Their Behavior, Our Policy', The National Interest, 17 (Fall 1989), pp. 17-28, quote at p. 17.
6. Chalmers Johnson, MITI and the Japanese Miracle: The Growth of Japanese Industrial Policy, 1920-1975 (Stanford: Stanford University Press, 1982), and 'Their Behavior, Our Policy', The National Interest, 17 (Fall 1989), pp. 17-28, quote at p. 17.
7. Lester Thurow, Head to Head: The Coming Economic Battle Among Japan, Europe, and America (New York: Warner Books, 1992), and Jeffrey E. Garten, A Cold Peace: America, Japan, Germany and the Struggle for Supremacy (New York: Times Books, 1992).
8. Lester Thurow, Head to Head: The Coming Economic Battle Among Japan, Europe, and America (New York: Warner Books, 1992), and Jeffrey E. Garten, A Cold Peace: America, Japan, Germany and the Struggle for Supremacy (New York: Times Books, 1992).
9. World Bank, The East Asian Miracle: Economic Growth and Public Policy (New York: Oxford University Press, 1993).
10. For example, Dennis Encarnation, Rivals Beyond Trade: America versus Japan in Global Competition (Ithaca: Cornell University Press, 1992).
11. See Clyde Prestowitz, 'Asian Rescue Plan Must Focus on Japan', Washington Post, 23 July, 1998.
12. New York Times, 30 June 1995, p. D1.
13. See Ronald McKinnon and Kenichi Ohno, Dollar and Yen: Resolving Economic Conflict Between the United States and Japan (Cambridge: MIT Press, 1997), and Ronald McKinnon, 'Wading in the Yen Trap', The Economist, 24 July 1999, pp. 71-4.
14. See Ronald McKinnon and Kenichi Ohno, Dollar and Yen: Resolving Economic Conflict Between the United States and Japan (Cambridge: MIT Press, 1997), and Ronald McKinnon, 'Wading in the Yen Trap', The Economist, 24 July 1999, pp. 71-4.
15. An excellent analysis is T. J. Pempel, Regime Shift: Comparative Dynamics of the Japanese Political Economy (Ithaca, NY: Cornell University Press, 1998).
16. Scott Callon, Divided Sun: MITI and the Breakdown of Japanese High Tech Industrial Policy, 1975-1993 (Stanford, CA: Stanford University Press, 1995).
17. See Michael E. Porter and Hirotaka Takeuchi, 'Fixing What Really Ails Japan', Foreign Affairs, 78:3 (May June 1999), pp. 66-81.
18. Donald K. Emmerson, 'Americanizing Asia?', Foreign Affairs, 77:3 (May/June 1998), pp. 46-56.
19. See Richard Katz, 'Japan's Growth Prospects: Revolution of Lowered Expectations', Social Science Japan Forum (ssjmod@iss.u-tokyo.ac.jp), 4 August 1999.
20. An excessively congratulatory view is Mortimer B. Zuckerman, 'A Second American Century', Foreign Affairs, 77:3 (May/June 1998), pp. 18-31. Paul Krugman takes the more cautious approach in 'American the Boastful', Foreign Affairs, 77:3 (May/June 1998), pp. 32-45.
21. An excessively congratulatory view is Mortimer B. Zuckerman, 'A Second American Century', Foreign Affairs, 77:3 (May/June 1998), pp. 18-31. Paul Krugman takes the more cautious approach in 'American the Boastful', Foreign Affairs, 77:3 (May/June 1998), pp. 32-45.
22. See Dani Rodrik, Has Globalization Gone Too Far? (Washington, DC: Institute for International Economics, 1997), and 'Desperately Seeking a Perfect Model', The Economist, 10 April 1999, pp. 67-9.
23. See Dani Rodrik, Has Globalization Gone Too Far? (Washington, DC: Institute for International Economics, 1997), and 'Desperately Seeking a Perfect Model', The Economist, 10 April 1999, pp. 67-9.
24. Michael Phillips, 'The World Bank, Third World Savior, Aids Washington', Wall Street Journal, 27 August 1998, p. A1.
25. Jeffry Frieden, Debt, Development, and Democracy (Princeton, NJ: Princeton University Press, 1990).
26. Morris Goldstein, The Asian Financial Crisis: Causes, Cures, and Systemic Implications (Washington, DC: Institute for International Economics, 1998), pp. 13-14.
27. Devesh Kapor, 'The IMF: A Cure or a Curse?', Foreign Policy, 111 (Summer 1998), pp. 114-31.
28. A good review of these contrasting positions is Robert Wade, 'The Coming Fight over Capital Flows', Foreign Policy, 113 (Winter 1998-9), pp. 41-54.
29. Lipper Analytical Services, as reported by Edward Wyatt, 'The World's New Financier is You', New York Times, 25 May 1997.
30. Goldstein, The Asian Financial Crisis, p. 12.
31. 'Asia's Economies: On Their Feet Again?' The Economist, 21 August 1999, p. 17.
32. Recent contributions to the reassessment include Robert Garran, Tigers Tamed: The End of the Asian Miracle (Honolulu: University of Hawaii Press, 1999); Victor Mallet, The Trouble with Tigers: The Rise and Fall of South-East Asia (New York: Harper Collins, 1999); and Steven Radelet and Jeffrey Sachs, 'Asia's Reemergence', Foreign Affairs, 76: 6 (November/December 1997), pp. 44-59.
33. Recent contributions to the reassessment include Robert Garran, Tigers Tamed: The End of the Asian Miracle (Honolulu: University of Hawaii Press, 1999); Victor Mallet, The Trouble with Tigers: The Rise and Fall of South-East Asia (New York: Harper Collins, 1999); and Steven Radelet and Jeffrey Sachs, 'Asia's Reemergence', Foreign Affairs, 76: 6 (November/December 1997), pp. 44-59.
34. Recent contributions to the reassessment include Robert Garran, Tigers Tamed: The End of the Asian Miracle (Honolulu: University of Hawaii Press, 1999); Victor Mallet, The Trouble with Tigers: The Rise and Fall of South-East Asia (New York: Harper Collins, 1999); and Steven Radelet and Jeffrey Sachs, 'Asia's Reemergence', Foreign Affairs, 76: 6 (November/December 1997), pp. 44-59.
35. 'Asian Economies: On Their Feet Again?', pp. 16-18.
36. Paul Krugman, among others, has pointed to the need for Asian economiic reforms to bring about a shift from a extensive (i.e. factor-based) to an intensive (i.e. productivity-based) growth strategy. See Krugman, 'The Myth of Asia's Miracle', Foreign Affairs, 73:6 (November December 1994), pp. 62-78.
37. Stiglitz is cited in Alan S. Blinder, 'Eight Steps to a New Financial Order', Foreign Affairs, 78:5 (September October 1999), pp. 5-63, at p. 50.
38. Ibid., p. 57.
39. See, for example, Barry Eichengreen, Toward a New International Financial Architecture: A Practical Post-Asia Agenda (Washington, DC: Institute for International Economics, 1999).
40. For example, Robert O. Keohane and Joseph Nye, Power and Interdependence: World Politics in Transition (Boston, MA: Little, Brown, 1977).
41. Paul Kennedy, The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000 (New York: Random House, 1987). The closing date in the subtitle suggests Kennedy's belief that the US decline would be enduring.
42. Representative contributions to this debate include John J. Mearsheimer, 'Back to the Future: Instability in Europe after the Cold War', International Security, 15:1 (1990), pp. 5-56; Stephen Van Evera, 'Primed for Peace: Europe After the Cold War', International Security, 15:3 (1990), pp. 7-57; Kenneth Waltz, 'The Emerging Structure of International Politics', International Security, 18:2 (1993), pp. 45-80; and Charles W. Kegley, Jr. and Gregory Raymond, A Multipolar Peace? Great Power Politics in the Twenty-First Century (New York: St. Martin's Press, 1994).
43. Representative contributions to this debate include John J. Mearsheimer, 'Back to the Future: Instability in Europe after the Cold War', International Security, 15:1 (1990), pp. 5-56; Stephen Van Evera, 'Primed for Peace: Europe After the Cold War', International Security, 15:3 (1990), pp. 7-57; Kenneth Waltz, 'The Emerging Structure of International Politics', International Security, 18:2 (1993), pp. 45-80; and Charles W. Kegley, Jr. and Gregory Raymond, A Multipolar Peace? Great Power Politics in the Twenty-First Century (New York: St. Martin's Press, 1994).
44. Representative contributions to this debate include John J. Mearsheimer, 'Back to the Future: Instability in Europe after the Cold War', International Security, 15:1 (1990), pp. 5-56; Stephen Van Evera, 'Primed for Peace: Europe After the Cold War', International Security, 15:3 (1990), pp. 7-57; Kenneth Waltz, 'The Emerging Structure of International Politics', International Security, 18:2 (1993), pp. 45-80; and Charles W. Kegley, Jr. and Gregory Raymond, A Multipolar Peace? Great Power Politics in the Twenty-First Century (New York: St. Martin's Press, 1994).
45. Representative contributions to this debate include John J. Mearsheimer, 'Back to the Future: Instability in Europe after the Cold War', International Security, 15:1 (1990), pp. 5-56; Stephen Van Evera, 'Primed for Peace: Europe After the Cold War', International Security, 15:3 (1990), pp. 7-57; Kenneth Waltz, 'The Emerging Structure of International Politics', International Security, 18:2 (1993), pp. 45-80; and Charles W. Kegley, Jr. and Gregory Raymond, A Multipolar Peace? Great Power Politics in the Twenty-First Century (New York: St. Martin's Press, 1994).
46. See Kennedy, The Rise and Fall of the Great Powers, and earlier, Robert G. Gilpin, War and Change in World Politics (Cambridge: Cambridge University Press, 1981).
47. See Kennedy, The Rise and Fall of the Great Powers, and earlier, Robert G. Gilpin, War and Change in World Politics (Cambridge: Cambridge University Press, 1981).
48. To be sure, not all scholars during the 1980s accepted the inevitability of US decline. Susan Strange, Joseph Nye, and Bruce Russett pointed to the enduring but often overlooked structural power of the United States. See Strange, 'The Persistent Myth of Lost Hegemony', International Organization, 41 (Fall 1987), pp. 551-74; Russett, 'The Mysterious Case of Vanishing Hegemony', International Organization, 39 (Spring 1985), pp. 207-31; and Nye, Bound to Lead: The Changing Nature of US Power (New York: Basic Books, 1990).
49. To be sure, not all scholars during the 1980s accepted the inevitability of US decline. Susan Strange, Joseph Nye, and Bruce Russett pointed to the enduring but often overlooked structural power of the United States. See Strange, 'The Persistent Myth of Lost Hegemony', International Organization, 41 (Fall 1987), pp. 551-74; Russett, 'The Mysterious Case of Vanishing Hegemony', International Organization, 39 (Spring 1985), pp. 207-31; and Nye, Bound to Lead: The Changing Nature of US Power (New York: Basic Books, 1990).
50. To be sure, not all scholars during the 1980s accepted the inevitability of US decline. Susan Strange, Joseph Nye, and Bruce Russett pointed to the enduring but often overlooked structural power of the United States. See Strange, 'The Persistent Myth of Lost Hegemony', International Organization, 41 (Fall 1987), pp. 551-74; Russett, 'The Mysterious Case of Vanishing Hegemony', International Organization, 39 (Spring 1985), pp. 207-31; and Nye, Bound to Lead: The Changing Nature of US Power (New York: Basic Books, 1990).
51. See Ethan B. Kapstein and Michael Mastanduno (eds.), Unipolar Politics: Realism and State Strategies After the Cold War (New York: Columbia University Press, 1999).
52. William C. Wohlforth, 'The Stability of a Unipolar World', International Security, 24:1 (Summer 1999), pp. 5-41, cited at p. 7.
53. U.S. Department of Defense, Office of International Security Affairs, United States Security Strategy for the East Asia-Pacific Region, Report (Washington: Government Printing Office, 1995).
54. See The Military Balance, 1997-98 (London: International Institute for Strategic Studies, 1998).
55. Wohlforth, 'The Stability of a Unipolar World', p. 19.
56. Robert Kagan, 'The Benevolent Empire', Foreign Policy, 111 (Summer 1998), pp. 24-35.
57. I describe this grand strategy in detail in Michael Mastanduno, 'Preserving the Unipolar Moment: Realist Theories and US Grand Strategy After the Cold War', International Security, 21:4 (Spring 1997), pp. 49-88.
58. See Joseph Nye and William Owens, 'America's Information Edge', Foreign Affairs, 75:2 (March-April 1996), pp. 20-36.
59. For alternative views, see Kagan, 'The Benevolent Empire', and Charles William Maynes, 'The Perils of (and for) an Imperial America', Foreign Policy, 111 (Summer 1998), pp. 24-49.
60. For alternative views, see Kagan, 'The Benevolent Empire', and Charles William Maynes, 'The Perils of (and for) an Imperial America', Foreign Policy, 111 (Summer 1998), pp. 24-49.
61. Two classic attempts to capture that dynamic are Robert G. Gilpin, The Political Economy of International Relations (Princeton, NJ: Princeton University Press, 1987) and Susan Strange, States and Markets (London: Frances Pinter, 1988).
62. Two classic attempts to capture that dynamic are Robert G. Gilpin, The Political Economy of International Relations (Princeton, NJ: Princeton University Press, 1987) and Susan Strange, States and Markets (London: Frances Pinter, 1988).