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Asia\'s global expansion: business and finacial aspects

Asia\'s global expansion: business and finacial aspects

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.

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