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Discusses the emergence of a regional economy in East Asia, concentrating on the role of Japan & the growing importance of the People's Republic of China, as well as the significance of the four newly industrializing economies (Hong Kong, Singapore, South Korea, & Taiwan]) & the ASEAN-4 (Assoc of Southeast Asian Nations [Indonesia, Malaysia, the Philippines, & Thailand). It is suggested that the East Asian economic miracle is actually the result of a complex pattern in which the achievements of Japan & China differ greatly from one another, & from those of the other newly industrializing economies as well. The so-called "new Japans" will be quite different, since they have been incorporated into a production system best described as dependent development. The implications for global relations between capital & labor are considered. 8 References. M. Maguire

We are currently experiencing a new world order -- termed here, "vampire capitalism" -- a strategy of growth through redistribution that is based not on the productive capacities of the US, but on its powers of coercion, military force, & political & ideological domination. At a time when economic efficiency & technological innovation are eclipsing military & political domination as forms of control, the US is alone among the developed countries of the world in its emphasis on military intervention, or coerced extraction. One contribution to the development of vampire capitalism is the military-industrial complex's need to justify its existence in the post-cold war world. Vampire capitalism's strategy is to neutralize three forces that oppose US elites: rival capitalist forces, eg, Japan & Germany; the domestic working class; & developing nations dependent on US aid. To counter vampire capitalism, radical reforms must be undertaken, including a reformulation of international codes of corporate conduct, environmental standards, & labor rights. 3 Illustrations, 4 References. W. Howard