Defining business cycles as fluctuations of the period of the cycle of less than eight years, the author explores the business cycles of the USA and seven East Asian economies, i.e. Japan, Hong Kong, South Korea, the Philippines, Singapore, Taiwan and Thailand. International co-movements in GDP...

In selected East Asian economies, the behavior of detrended macroeconomic variables was found to be similar to that observed in the postwar U.S. economy. Consumption and investment are highly procyclical while the balance of trade and the price level are counter-cyclical in most of them. Labor...

This book examines the evolution of foreign aid policy in Japan and South Korea, analyzing policy rationales, institutional developments and policy choices. The book searches for new strategies of international development cooperation in an uncertain world. The book compares two countries’...