Since the early 1990s, Northeast Asia's steel industry has undergone a remarkable restructuring process. The purpose of this book is to examine various aspects of this process, examining key issues involved. The major findings of this volume are that: Northeast Asia's steel industry has
consolidated markedly, mainly in response to changes in domestic markets which account for the vast majority of steel sales in the region; the impact of renewed US protectionism in the late 1990s has been minimal in quantitive terms because North America is a very small market for Northeast Asian steel, but the potential for other importers (e.g. China) to pursue similar trade policies is more concerning; and the policy environment has changed dramatically with governments relying more on market mechanisms, and the increase in mergers and strategic alliances has raised potentially important antitrust questions.
Contributors
Foreword
PART 1: INTRODUCTION AND OVERVIEW
Issues Raised by Restructuring of the Steel Industry in Northeast Asia; H.Lee, E.D.Ramstetter & O.Movshuk
PART 2: THE STEEL INDUSTRY IN JAPAN, CHINA, KOREA AND TAIWAN
Why did Japan's Steel Industry Contract So Much in the 1990s?; O.Movshuk, E.D.Ramstetter & H.Lee
China's Steel Industry: Recent Reform Initiatives and Their Impact on Enterprise Performance; O.Movshuk
Korean Steel Industry after the Financial Crisis of 1997-98; T.Y.Lee
Estimating the Efficiency of Taiwan's Steel-Making Firms; H-H.Tien
PART 3: TRADE POLICY ISSUES, RESTRUCTURING AND STRATEGIC ALLIANCES
International Trade in Steel Products: Evidence on 'Dumping' Versus Competitive Behaviour; W.E.James & C.Parsons
The Impact of the U.S. Safeguard Measures on Northeast Asian Producers: General Equilibrium Assessments; H.Lee & D.van der Mensbrugghe
Restructuring and Strategic Alliances among Northeast Asia's Large Steel Firms: A New Policy Agenda? E.D.Ramstetter & O.Movshuk
Index
HIRO LEE is Professor of Economics at the Research Institute for Economics and Business Administration at Kobe University, Japan. He has worked extensively in quantitive analysis of international trade and development, particularly on East Asian journals. Professor Lee's studies have been published in a variety of journals, including the Journal of Development Economies, the Journal of the Japanese and International Economies, and the World Economy.
ERIC D. RAMSTETTER is Head of the Industrial Management Section at the International Centre for the Study of East Asian Development, Japan. He is also Visiting Professor at the Graduate School of Economics at Kyushu University, Japan and has worked as a consultant for numerous international agencies and governments. Dr. Ramstetter's research has focused on analysis of multinational corporations in Asian economies and has been published in numerous journals and books.
OLEKSANDR MOVSHUK is Associate Professor in the Department of Economics at Toyama University, Japan. His research has focused on investigation of the reform of state-owned enterprises in China and applied analysis of international trade flows in East Asia. Results of his research have been published in various academic journals, including Japan and the World Economy, Journal of Asian Economics, and Asian Economic Journal.
Description
Since the early 1990s, Northeast Asia's steel industry has undergone a remarkable restructuring process. The purpose of this book is to examine various aspects of this process, examining key issues involved. The major findings of this volume are that: Northeast Asia's steel industry has
consolidated markedly, mainly in response to changes in domestic markets which account for the vast majority of steel sales in the region; the impact of renewed US protectionism in the late 1990s has been minimal in quantitive terms because North America is a very small market for Northeast Asian steel, but the potential for other importers (e.g. China) to pursue similar trade policies is more concerning; and the policy environment has changed dramatically with governments relying more on market mechanisms, and the increase in mergers and strategic alliances has raised potentially important antitrust questions.
Contents
Contributors
Foreword
PART 1: INTRODUCTION AND OVERVIEW
Issues Raised by Restructuring of the Steel Industry in Northeast Asia; H.Lee, E.D.Ramstetter & O.Movshuk
PART 2: THE STEEL INDUSTRY IN JAPAN, CHINA, KOREA AND TAIWAN
Why did Japan's Steel Industry Contract So Much in the 1990s?; O.Movshuk, E.D.Ramstetter & H.Lee
China's Steel Industry: Recent Reform Initiatives and Their Impact on Enterprise Performance; O.Movshuk
Korean Steel Industry after the Financial Crisis of 1997-98; T.Y.Lee
Estimating the Efficiency of Taiwan's Steel-Making Firms; H-H.Tien
PART 3: TRADE POLICY ISSUES, RESTRUCTURING AND STRATEGIC ALLIANCES
International Trade in Steel Products: Evidence on 'Dumping' Versus Competitive Behaviour; W.E.James & C.Parsons
The Impact of the U.S. Safeguard Measures on Northeast Asian Producers: General Equilibrium Assessments; H.Lee & D.van der Mensbrugghe
Restructuring and Strategic Alliances among Northeast Asia's Large Steel Firms: A New Policy Agenda? E.D.Ramstetter & O.Movshuk
Index
Authors
HIRO LEE is Professor of Economics at the Research Institute for Economics and Business Administration at Kobe University, Japan. He has worked extensively in quantitive analysis of international trade and development, particularly on East Asian journals. Professor Lee's studies have been published in a variety of journals, including the Journal of Development Economies, the Journal of the Japanese and International Economies, and the World Economy.
ERIC D. RAMSTETTER is Head of the Industrial Management Section at the International Centre for the Study of East Asian Development, Japan. He is also Visiting Professor at the Graduate School of Economics at Kyushu University, Japan and has worked as a consultant for numerous international agencies and governments. Dr. Ramstetter's research has focused on analysis of multinational corporations in Asian economies and has been published in numerous journals and books.
OLEKSANDR MOVSHUK is Associate Professor in the Department of Economics at Toyama University, Japan. His research has focused on investigation of the reform of state-owned enterprises in China and applied analysis of international trade flows in East Asia. Results of his research have been published in various academic journals, including Japan and the World Economy, Journal of Asian Economics, and Asian Economic Journal.
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