Introduction: China and Japan in the global economy

Tomoo Kikuchi, Masaya Sakuragawa

研究成果: Chapter

抄録

The global economic centre of gravity is shifting from the West to the East. Today, Asia is the home to about 60 per cent of the world’s population and produces nearly 40 per cent of the world’s Gross Domestic Product (GDP). Asia is growing rapidly and in the absence of a major distraction is likely to produce more than a half of global GDP by 2050. The dramatic transition in the global economy over the past few decades has resulted in a remarkable shift within the Asian continent as well. For example, in 1995, Japan’s GDP was more than twice that of China, India, and ASEAN combined. Over the last 20 years, China’s GDP has grown more than tenfold, India’s more than fivefold, and ASEAN’s nearly fourfold. Today, China’s GDP alone is more than twice Japan’s GDP. Meanwhile, Japan’s GDP per capita is still four times that of China. While Japan’s status is weakening and China’s strengthening, there is increasing uncertainty over leadership in Asia which prompts major concerns over regional economic integration and development.

本文言語English
ホスト出版物のタイトルChina and Japan in the Global Economy
出版社Taylor and Francis
ページ1-3
ページ数3
ISBN(電子版)9781351618052
ISBN(印刷版)9781138086166
DOI
出版ステータスPublished - 2018 1 1

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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