Economic Globalization and Asia: Essays on Finance, Trade.
The Journal of Asian Economics publishes original research works from all fields of economics, particularly those with an emphasis on the economy of Asian Countries.Research that compares the economic development in Asian Countries with that in other countries is also encouraged. We follow a single-blind peer review procedure for article selection.
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With globalization and the progressive removal of barriers to trade, an increasing number of companies develop international activities. To access foreign markets, firms face a choice between producing goods at home for exports and producing abroad. A host of tax and non-tax factors affect the decision whether to relocate production abroad.
Abstract. The tax system in Japan, as in other countries, faces increasing pressures from aging and globalization. This chapter draws on recent international experiences and trends to identify and review some of the key issues likely to arise, and options for addressing them.
South Asia was already less integrated in global merchandise trade than other regions. In light of current pressures, a legitimate question is whether it should focus on exports as a driver of economic growth and job creation. However, the prospects for the region are better than it seems.
The results suggest that in Asia (i) openness has a strong positive impact on both economic growth and human development, (ii) human capital and FDI have a strong positive effect on both economic growth and human development, and (iii) while human development contributes positively to growth, growth has a negative and significant influence on human development.
There are some advantages and disadvantages of international trade for both the export and import. Advantages of Exporting: One of the major advantages of export is the ownership advantage which is specific to the firms’ international experience, asset and ability of the exporter to either develop the differentiated product or low cost product with in the values chain (Hertner and Jones, 2007).