Call #5 - New Economic Paradigms for the Pacific Rim
Thus mysterious divine Pacific zones the world’s whole bulk about; makes all coasts one Bay to it; seems heart-beating heart of earth.
— Herman Melville, Moby-Dick or, the Whale
In the 21st century, a new centre for global economic order has emerged – the Pacific Rim. This region, connecting countries in Asia, Australia and the Americas, forms a massive market for international trade and finance. In particular, two superpowers of China and the United States play pivotal roles in the affairs of international political economy, whose relationship is evermore becoming critical in the stable development of the global economy. As a commentator added, ‘[A] convergence exists in the search for human excellence on both sides of the Pacific Ocean.’ Furthermore, the Pacific connects advanced economies such as Japan and South Korea and developing ones, and its importance in the global economy is growing.
However, despite its importance, the current economic thinking, including its history and theory, still resides on the realm and experiences of the Atlantic – the centre of global economy in the 19th and 20th century. No longer does the paradigm of the transatlantic economic relations explains the emerging Pacific. For example, the ‘Chimerica’, a neologism coined by Niall Ferguson and Moritz Schularick, depicted the symbiotic relationship between them; the global imbalances and Bretton Woods II of the international monetary system in which China is supplying capital and the US running deficits to absorb it. The Pacific deserves a new paradigm, which considers distinctive features and historical contexts.
The East Asia Working Group invites paper abstracts by young scholars for the YSI Asia Convening to be held in Da Nang, Vietnam, 5~8 May 2019. Organisers are looking for latest and experimental research by graduate students and early career researchers for this pilot session concerning the new economic thinking on the Pacific rim (broadly defined). Papers inspired by various approaches are also welcome. Topics may include (but not limited to) the following topics:
- Financial and trade regulations of the Pacific Rim;
- Trans-Pacific migration and capital movements;
- US-China economic relations and its history;
- US-East Asian economic relations in historical perspectives;
- The business and financial history of the Pacific;
- Efforts of making an intra-regional (i.e. Pan-Pacific) economic zone;
- Theoretical and empirical studies on the economics of Pacific Rim; and more
The East Asia Working Group hopes, in this pilot sessions, to provide a forum for future innovative research and new economic thinking regarding the Pacific rim by Young Scholars.
ABOUT THE EAST ASIA WORKING GROUP
The YSI East Asia working group discusses issues regarding economic development in East Asia region including, but not limited to, the Asian capitalism, institutions, policies, financial markets and sustainability. We aim to understand different trajectories of economic growth in the continent, and welcome an interdisciplinary approach.
HOW TO APPLY
To submit your abstract to this call, go to https://ysd.ineteconomics.org/rc. In your abstract, please clearly identify your research question, elaborate on methodology, and list your preliminary findings and/or tentative conclusions.