East Asian Development Model
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East Asian Development Model
Author | : Shiping Hua,Ruihua Hu |
Publsiher | : Routledge |
Total Pages | : 283 |
Release | : 2014-12-17 |
Genre | : Business & Economics |
ISBN | : 9781317815785 |
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Given the impressive growth in East Asia after World War II, initially led by Japan, the region's development models have been scrutinized since the 1980s. The shared Confucian cultural heritage, strong government guidance, and export led economies were often cited as contributors to the impressive growth. However, major changes have taken place in Asia on and around the turn of the century: Japan experienced two decades of economic slow-down, while World Bank figures reveal that China is poised to become the largest economy in the world in 2014, overtaking the United States. Bearing this in mind, is it even possible to formulate an East Asian development model in the context of a shifting twenty-first century? And if so, what is it? This book addresses this issue by looking at the economic, political and cultural perspectives of China, Japan and South Korea, focusing on dynamism and potential consensus regarding an East Asian development model. The chapters offer a historical background to the East Asian development model, as well as in-depth case studies of each of the countries concerned to show that whilst the East Asian development model does have distinct characteristics as compared with other areas, and other countries may draw some insights from the East Asian experience, it is not a panacea that fits all circumstances and fits all times. This book will be welcomed by students and scholars of Asian economics, Asian politics, international political economy and development studies.
East Asian Development Model
Author | : Shiping Hua,Ruihua Hu |
Publsiher | : Routledge |
Total Pages | : 317 |
Release | : 2014-12-17 |
Genre | : Business & Economics |
ISBN | : 9781317815778 |
Download East Asian Development Model Book in PDF, Epub and Kindle
Given the impressive growth in East Asia after World War II, initially led by Japan, the region's development models have been scrutinized since the 1980s. The shared Confucian cultural heritage, strong government guidance, and export led economies were often cited as contributors to the impressive growth. However, major changes have taken place in Asia on and around the turn of the century: Japan experienced two decades of economic slow-down, while World Bank figures reveal that China is poised to become the largest economy in the world in 2014, overtaking the United States. Bearing this in mind, is it even possible to formulate an East Asian development model in the context of a shifting twenty-first century? And if so, what is it? This book addresses this issue by looking at the economic, political and cultural perspectives of China, Japan and South Korea, focusing on dynamism and potential consensus regarding an East Asian development model. The chapters offer a historical background to the East Asian development model, as well as in-depth case studies of each of the countries concerned to show that whilst the East Asian development model does have distinct characteristics as compared with other areas, and other countries may draw some insights from the East Asian experience, it is not a panacea that fits all circumstances and fits all times. This book will be welcomed by students and scholars of Asian economics, Asian politics, international political economy and development studies.
East Asia s Dynamic Development Model and Teh Republic of Korea s Experiences
Author | : Ho-chʻŏl Yi,Mary McNulty |
Publsiher | : World Bank Publications |
Total Pages | : 64 |
Release | : 2003 |
Genre | : East Asia |
ISBN | : 9780404042622 |
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No region has been more dynamic in recent years than East Asia. Despite its successful economic development, evaluations of the East Asian development model have often been capricious, shifting from "miracle" to "cronyism." How can we explain East Asia's ups and downs consistently? To respond to this challenge, it is necessary to study the progress of East Asian development and to trace the influence of Asian cultural values. This study mainly focuses on cultural aspects of economic progress and analyzes East Asia's philosophical and historical backgrounds to explain the dynamic process. East Asians believe that balance between opposite but complementary forces, Yin and Yang, will ensure social stability and progress. Through repeated rebalancing to maintain harmony, the society comes to maturity. In traditional East Asian societies, a balance was maintained between Confucianism (Yang) and Taoism, Buddhism, and other philosophies (Yin). In modern societies, the challenge is to balance traditional systems (Yang) and Western style capitalism (Yin). This East Asian development model explains the Republic of Korea's rise, fall, and recovery. Korea was a poor country until the early 1960s, during the time when spiritualism (Yang) dominated. From the 1960s through the 1980s, Korea achieved rapid growth by finding a new balance and moving toward materialism (Yin) from spiritualism (Yang). But the failure to maintain a harmonious balance between cooperatism and collectivism (Yang) and individualism (Yin) led to major weaknesses in labor and financial markets that contributed significantly to the financial crisis in 1997. As Korea arrived at a new balance by instituting reform programs, the venture-oriented information and communication technology (ICT) industry blossomed and led to a rapid economic recovery. Since 2000, domestic financial scandals and political corruption have emerged as new social issues. Korea's next challenge is to find a new harmonization between moralism (Yang) and legalism (Yin). This paper-a product of the Office of the Senior Vice President and Chief Economist, Development Economics-is part of a larger effort in the Bank to examine institutional and cultural foundations of development across regions and countries.
East Asian Development
Author | : Yilmaz Akyuz |
Publsiher | : Routledge |
Total Pages | : 168 |
Release | : 2020-04-15 |
Genre | : Business & Economics |
ISBN | : 9781135260057 |
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This collection of papers challenges the conventional view of East Asian development driven by open and efficient markets and suggests that considerable diversity both at the institutional level and in policy approaches lies behind the region's rapid economic growth.
State Capitalism Institutional Adaptation and the Chinese Miracle
Author | : Barry Naughton,Kellee S. Tsai |
Publsiher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2015-06-09 |
Genre | : Business & Economics |
ISBN | : 9781107081062 |
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This volume explores how Chinese institutions have adapted to the new challenges of 'state capitalism'.
The East Asian Development Model
Author | : P. Banerjee,Frank-Jürgen Richter |
Publsiher | : Palgrave Macmillan |
Total Pages | : 368 |
Release | : 2000-06-21 |
Genre | : Business & Economics |
ISBN | : 0333920635 |
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At the turn of the millennium, there is much discussion about the failure of East Asian capitalism. The East Asian development model, which built the institutional framework of growth in the region, is blamed along with what once was called the Asian miracle. Along with experts with in-depth knowledge of East Asian economies, Frank-Jürgen Richter presents a book that analyzes the East Asian development model. The contributors identify the causes and consequences of the Asian economic crisis, describe the features of economic development throughout the region, and discuss the strategic responses of Asian firms to newly emerging economic environments. The East Asian Development Model is an essential resource for managers, academics, and politicians.
The East Asian Development Experience
Author | : Ha-Joon Chang |
Publsiher | : Zed Books |
Total Pages | : 324 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : 1842771418 |
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East Asia's development experience, at least until its crisis in 1997, has been a source of hope for other countries in the South. And in modern economic theory, it has been at the centre of the debate about how the role of the state relates to processes of intentional economic progress.
The Economic Rise of East Asia
Author | : Linda Glawe,Helmut Wagner |
Publsiher | : Springer |
Total Pages | : 0 |
Release | : 2022-12-11 |
Genre | : Business & Economics |
ISBN | : 3030871304 |
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In light of the growing global economic importance of East Asia, this book analyzes and compares the extraordinary development paths and strategies of Japan, South Korea, and China. It examines both the factors that enabled these countries’ prolonged periods of high-speed economic growth, and the reasons for their subsequent “cool-downs.” In addition, the book illustrates how their development strategies served as role models for one another, and what current and future developing countries can learn from the East Asian success stories. This book will appeal to scholars and students of economics and development studies with an interest in the East Asian development model.