Sebastian Bobowski
International Business and Global Economy, Tom 33, 2014, s. 262-272
https://doi.org/10.4467/23539496IB.13.019.2404The China–Japan–Republic of Korea trilateral free trade agreement may become a critical pillar of Asian regionalism, determining future trade and political regime in the global scale. Undoubtedly, this trilateral political dialogue is to be accompanied by parallel talks over competitive, trans-regional projects involving Asia–Pacific partners, with special regard to the Transpacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP). However, given the common challenges of the three analysed countries, in particular the unfavourable demographics, reindustrialization, and inefficient domestic demand, it should be noted that the said trilateral dialogue is facing very serious obstacles resulting from, among others, their historical ballast and territorial claims, as well as the intra-regional competition for leadership between Beijing and Tokyo. The aim of the article is to study both multilateral determinants and implications of the future China–Japan–Republic of Korea FTA.
Sebastian Bobowski
International Business and Global Economy, Tom 35/2, 2016, s. 13-26
https://doi.org/10.4467/23539496IB.16.043.5624The paper is studying the problem of fiscal consolidation of Japan, addressed by Abenomics, economic revitalisation policy pursued by Japan’s current Prime Minister ShinzÇ Abe. The major assumption of Abe’s strategy is to liberate the country from the long-term vicious circle of stagnation and deflation. The main objective of the article is to assess the condition and perspectives of the public finance sector in Japan in regards of the reform of social security system and consumption tax. According to the author, so far the fiscal policy under Abenomics proved to be uneffective, which may consequently undermine people’s trust in the reasonability of the government’s policy; it is, however, challenged by a fiscal dilemma: stimulation or consolidation, as well as both political and structural obstacles.