Notes 4-6-2010

Notes 4-6-2010 - IR 360: International Relations of the...

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IR 360: International Relations of the Pacific Rim Notes 4-6-2010 States’ motivations for and effects of Cross-economic regionalism in East Asia Impact of the AFC 1997 o Reduce or stop pegging against U.S. Dollars or heavily manage their currencies. o Increase their foreign exchange reserves (as insurance) o Initiate regional monetary cooperation Swap agreement among Asian central banks (The Chiang Mai Initiative in 2000) Asian Bond Fund: Asian investors borrow from Asian banks to limit Western banks/creditors’ influence. Asian Development Model o “Developmental State” model (led by Japan) in the 1970s—rest on strong states or “soft authoritarianism”, close cooperation between state agencies and business elites. o What explain the development of this unique model of capitalist development? Geopolitical factors and the role of the American power State-led development o Ideological division during the Cold war prevented the emergence of regional identity and organization like OSCE/EU. o
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This note was uploaded on 01/22/2011 for the course IR 360 taught by Professor Staff during the Spring '08 term at USC.

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Notes 4-6-2010 - IR 360: International Relations of the...

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