Asian Economic Development and Integration


Masahiro KAWAI

Credits / Language / Semester

2Credits / English / Winter


This course will provide an overview of the key factors influencing the rapid growth and development of Asian economies since the 1950s, with a focus on developments since the Asian financial crisis (1997/98). It will examine a range of policy challenges that the region has faced, and the response of various economies. The course will draw on diverse country, sub-regional, and intra-regional experience to identify policies that seem to have contributed most significantly to growth and development, examine why they “worked,” and how they might be applied in other developing economies. It will consider current policy debates on a host of “hot” topics including trade, monetary policy, regional economic integration, the environment, and financial market development and supervision. At the end of the course, students should understand the key drivers of Asian growth and development in the past 60 years and be familiar with a range of ongoing policy discussions likely to influence growth in the region moving forward.

Students are expected to attend all lectures, participate actively in class, produce a lecture note for the session of the student’s choice, write a term paper on any of the lecture topics, and make a class presentation on the paper.


Teaching Methods

Lecture, class discussion


Each student will be assessed as follows:
・10% - attendance
・10% - contribution to class discussion
・20% - production of a lecture note
・30% - term paper presentation
・30% - written term paper (individual)

Miscellaneous Information


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