Asia’s global expansion: business and financial aspects

Opis produktu

The concept of this monograph is focused on an analysis of the prospects for improving the competitive position of Asian countries in the global economy. The authors argue that a comprehensive analysis of Asia’s economic development requires studying its business and financial aspects in parallel. The authors of the monography concentrate on the chosen business aspects of Asia’s expansion, such as: trade and value chain development, Asian transnational corporations, international mergers and acquisitions, growth potential of energy industry, GDP growth model.

The unique nature of the studies conducted for this book stems from their wide thematic and geographical scope. Consequently, both business and financial features of economic growth are analysed. This approach is further used to study the financial aspects of China’s development in a related book prepared by the authors from the same Department: China’s economic growth: selected financial aspects.

According to the opinion expressed by the reviewer the following monograph constitutes a valuable contribution to the discussion concerning the new role of Asian economies in the world. It is recommended to scientists, students and journalist who study the problems of Asia’s economic development and its role in the global economy. The results can be also useful to companies interested in developing their business activities in the countries of the region.

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Table of Contents

Introduction 7

Chapter 1. Asian trade and global value chains (Aleksandra Nacewska-Twardowska) 9
1.1. Globalization, global value chains and value added trade 10
1.2. Statistical data and methodology 14
1.3. Share of Asian economies in international trade 17
1.4. Analysis of the largest Asian economies 21
Conclusions 24
Appendix 26

Chapter 2. The most powerful Asian transnational corporations (Magdalena Rosińska-Bukowska) 27
2.1. The determinants of building international competitiveness in the 21st century – implications for the assessment of development potential of corporations 28
2.2. System of corporation attributes as the foundation of development potential 30
2.3. Systemic nature of corporation capital – layers, parameters, potential assessments 33
2.4. Asia’s largest companies in international rankings 37
2.5. Asian corporations in light of the research that utilizes a synthetic measure 46
2.6. The most powerful Asian non-financial transnational corporations 53
Conclusions 56

Chapter 3. The social network analysis of Chinese cross-border mergers and acquisitions (Dominika Brózda-Wilamek) 59
3.1. The network analysis as the M&A’s research tool 60
3.2. Chinese cross-border mergers and acquisitions 62
3.3. The results of the Chinese CBM&As network study using SNA indicators 66
Conclusions 71

Chapter 4. The role of energy sector in the development of the Chinese economy (Tomasz Motowidlak) 73
4.1. Primary energy consumption as a determinant of China’s economic growth 74
4.2. Electricity consumption as a determinant of the development of China’s economy 77
4.3. Side effects of China’s economic growth 79
4.4. Fuel conditioning of electricity generation in China 80
4.5. New priorities in China’s power industry 82
4.6. Development of technologies and innovative solutions in China’s power industry 83
4.7. China’s capital expansion as a form of acquiring modern energy technologies 85
Conclusions 86

Chapter 5. The comparative analysis for gross domestic product of China and ASEAN member states (Agnieszka Matuszewska-Pierzynka) 89
5.1. Impact of government expenditure on economic growth – literature review 91
5.2. Research Methodology 95
5.3. Efficiency of general government final consumption expenditure in the creation of GDP – results of empirical research 102
Conclusions 108

Chapter 6. Challenges ahead of the banking sectors in Asia (Klaudia Zielińska-Lont) 111
6.1. Asia’s banking sector – overview 112
6.2. Major banking sectors in the region 113
6.3. Asian banking sector – status quo 115
6.4. Asian banking sector – way forward 117

Conclusions 120
Conclusions 121
References 123
List of figures 135
List of tables 137

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