New East Asian Economic Development The Interaction Of Capitalism And Socialism

This text documents the economic development of East Asian countries in order to highlight the beneficial techniques used to increase growth. Socialist and capitalist structures are discussed, complete with an analysis of the future extent of interaction between East Asian countries.

"In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region.In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region."--Page 4 of cover.

The increasing economic and political importance of East Asia in the global political economy requires a deeper analysis of the nature of the capitalist systems in this region than has been provided by the existing literature on comparative capitalisms. This volume brings together conceptual and empirical analyses of the evolving patterns of East Asian capitalism against the backdrop of regional and global market integration and periodic economic crises since the 1980s. Focusing on China, Japan, South Korea, Indonesia, the Philippines, Malaysia, Taiwan, and Thailand, it provides an interdisciplinary account of variations, continuities, and changes in the institutional structures that govern financial systems, industrial relations, and product markets, and that shape the evolution of national political economies. While the volume encompasses a range of different cases, specific issues, and diverse methodologies, all the chapters address two dominant themes - the continuities and changes in the institutional underpinnings of capitalist development and the main driving forces behind them. The book thus provides an integrated analysis of how changing institutional practices in business, financial, and labour systems interact and affect the evolution of capitalist political economies in the region.

During the second half of the twentieth century the countries of East Asia saw one of the most remarkable transformations in human history, from relatively poor societies to global powerhouses of accumulation, proletarianisation and mega-urbanisation. This volume features Marxist scholars from East Asia and Europe who are pioneering a new approach to this transformation using the theory of state capitalism. The essays analyse the histories of countries on either side of the Cold War divide within the broader framework of twentieth century global capitalist expansion, while at the same time offering a sophisticated critique of Developmental State Theory. Contributors are: Tobias ten Brink, Gareth Dale, Jeong Seongjin, Michael Haynes, Kim Ha-young, Kim Yong-uk, Lee Jeong-goo, and Owen Miller

Taking a conceptual approach, this book studies the economic development of the four East Asian economies since 1950. The author summarizes and reconsiders many of the arguments and findings that supported and explained the economic 'miracles' of Hong Kong, Singapore, Taiwan and South Korea, analysing the relationship between economic development, growth and political economy. This pioneering book will stimulate further analysis of East Asian development. It will be of essential interest to scholars in East Asian economics, and all those interested in modern economic development.

Investigating the remarkable economic development of both 'socialist' and 'capitalist' East Asian countries in the late twentieth century through the lens of state capitalism theory.

This collection draws together a distinguished group of authors to explore how capitalism contributes to the development and underdevelopment of the Third World. It provides a superb overview of key concepts such as "capitalism", "development","modernization" and "dependency".

"In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region.In this economic tour de force, a talented young Korean scholar, trained in the United States and tested in various international fora, highlights the dynamism being displayed in East Asia in some of the world's most fascinating economies. In this set of interrelated essays, Dr. Keun Lee of Seoul National University evaluates the development experiences not only of some of the world's fastest growing economies, like South Korea, Taiwan, and more recently China, but also contrasts their performances with the more lethargic or hesitant pace in North Korea and the former Soviet Union. His theme is that these East Asian economies have a common feature in the active if not dominant role of the state in setting and implementing economic direction. Yet the more dynamic entities have also relied heavily on market interaction as their engine of growth. What policy lessons can the slower growing economies learn from their more dynamic neighbors, and what are some implications for the global economy from this continuing interaction? Dr. Lee makes no prediction as to the emergence of a particular doctrine. What he sees is that state activism will continue to drive growth in this strategic world region."--Page 4 of cover.