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Behind East Asian Growth
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Book Synopsis Behind East Asian Growth by : Henry S. Rowen
Download or read book Behind East Asian Growth written by Henry S. Rowen and published by Routledge. This book was released on 2002-11-01 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: East Asian countries have adopted remarkably good policies to ensure sustained economic growth, but how did they come to adopt such policies in the first place? This book produces a more thorough explanation than has previously been advanced drawing on several disciplines including contributions from anthropologists, economists, political scientists, technologists, demographers, historians and psychologists. Several contributors have held high positions in Asian governments. Four broad themes are identified: * effective governance * achieving and learning societies * growth with equity * external influences This is the most comprehensive account of the foundations of East Asia's rise. Its distinctiveness lies in the range of comparisons across the countries of East and South-East Asia and in the wide array of contributing disciplines.
Book Synopsis The Key to the Asian Miracle by : Jose Edgardo Campos
Download or read book The Key to the Asian Miracle written by Jose Edgardo Campos and published by Brookings Institution Press. This book was released on 2001-06-07 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Easily the most informed and comprehensive analysis to date on how and why East Asian countries have achieved sustained high economic growth rates, [this book] substantially advances our understanding of the key interactions between the governors and governed in the development process. Students and practitioners alike will be referring to Campos and Root's series of excellent case studies for years to come." Richard L. Wilson, The Asia Foundation Eight countries in East Asia--Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia--have become known as the "East Asian miracle" because of their economies' dramatic growth. In these eight countries real per capita GDP rose twice as fast as in any other regional grouping between 1965 and 1990. Even more impressive is their simultaneous significant reduction in poverty and income inequality. Their success is frequently attributed to economic policies, but the authors of this book argue that those economic policies would not have worked unless the leaders of the countries made them credible to their business communities and citizens. Jose Edgardo Campos and Hilton Root challenge the popular belief that East Asia's high performers grew rapidly because they were ruled by authoritarian leaders. They show that these leaders had to collaborate with various sectors of their population to create an environment that was conducive to sustained growth. This required them to persuade the business community that their investments would not be expropriated and to convince the broader population that their short-term sacrifices would be rewarded in the future. Many of the countries achieved business cooperation by creating consultative groups, which the authors call deliberation councils, to enhance accountability and stability. They also obtained popular support through a variety of wealth-sharing measures such as land reform, worker cooperatives, and wider access to education. Finally, to inhibit favoritism and corruption that would benefit narrow interest groups at the expense of broad-based development, these countries' leaders constructed a competent bureaucracy that balanced autonomy with accountability to serve all interests, including the poor. This important book provides useful lessons about how developing and newly industrialized countries can build institutions to implement growth-promoting policies.
Book Synopsis Growth Theories in Light of the East Asian Experience by : Takatoshi Ito
Download or read book Growth Theories in Light of the East Asian Experience written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia. The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation—a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail. This collection also examines the extent to which growth in each country became self-sustaining once it began. Demonstrating the relevance of endogenous growth theory for studying this important region, this fourth volume in the NBER-East Asia Seminar on Economics series will be of interest to observers of East Asian affairs.
Book Synopsis East Asian Development by : F. Gerard Adams
Download or read book East Asian Development written by F. Gerard Adams and published by Bloomsbury Publishing USA. This book was released on 1998-10-28 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: East Asia's rapid economic growth and the crisis of 1997 have caught the world's attention. As the Asian miracle has turned to meltdown, the critical question has become whether growth will resume. Based on research and conferences at ICSEAD in Kitakyushu, Japan, this book brings together the work of Asian economic development experts. It considers the forces behind the East Asian growth miracle, the process of growth, the effect of saving, and the effect of foreign direct investment and multinationals. Taking an optimistic view, the authors conclude that rapid growth may resume in East Asia once the crisis has been resolved. The authors argue that a growth process links East Asian countries to each other and to the industrial world, and that growth reflects a process that combines capital formation and technical and institutional change. The 1997 crisis grew out of excessively rapid boom and must be handled before growth will resume. But, the authors conclude, once the crisis has been resolved, the linked process of growth supported by appropriate policies, high levels of savings and investment, and foreign investment will allow growth to resume, although perhaps with a different geographic center of gravity.
Book Synopsis An East Asian Renaissance by : Indermit Singh Gill
Download or read book An East Asian Renaissance written by Indermit Singh Gill and published by World Bank Publications. This book was released on 2007 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.
Book Synopsis East Asian Development Model by : Shiping Hua
Download or read book East Asian Development Model written by Shiping Hua and published by Routledge. This book was released on 2014-12-17 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis East Asian Growth Before and After the Crisis by : Mr.N. F. R. Crafts
Download or read book East Asian Growth Before and After the Crisis written by Mr.N. F. R. Crafts and published by International Monetary Fund. This book was released on 1998-09-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the literature on the growth performance of the east Asian economies in recent decades, evaluates the sustainability of that performance, and provides a preliminary assessment of their long-term growth prospects in the aftermath of the current crisis. It highlights three special aspects of east Asian growth: unusually high factor accumulation, a favorable demographic transition, and the impact of rapid growth on financial and other institutions. The paper argues that there are downside risks to the east Asian “developmental state” model, despite its favorable attributes, and that an alternative model may become more attractive as these economies mature.
Book Synopsis Understanding East Asia's Economic "miracles" by : Zhiqun Zhu
Download or read book Understanding East Asia's Economic "miracles" written by Zhiqun Zhu and published by . This book was released on 2009 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been no miracle, says Zhu at least in the sense of divine intervention. He attributes the rapid economic growth in East Asia to decades of hard work by people in the region, though admittedly aided somewhat by favorable international and domestic conditions, sound government policies, and a few far-sighted leaders. He begins by profiling countries in the order they emerged into the world spotlight: Japan, South Korea, China and Taiwan. Then he compares their economies, concludes with a comprehensive explanation for the overall phenomenon and its internal variations.
Book Synopsis East Asian Development by : Yilmaz Akyuz
Download or read book East Asian Development written by Yilmaz Akyuz and published by Routledge. This book was released on 2020-04-15 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Innovative East Asia by : Shahid Yusuf
Download or read book Innovative East Asia written by Shahid Yusuf and published by World Bank Publications. This book was released on 2003 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of East Asia in the global economy is now unquestionable, and its market expansion, driven by a population of nearly 1.9 billion, will strongly influence the tempo of international trade and growth of global incomes, However, while the region's economies have amply demonstrated their potential, their future performance is by no means ensured. This book offers an in-depth analysis of the policy trade-offs identified in the recently published Can East Asia Compete? (WB and OUP, 2002). The major contribution of the new book to that it shows how stability can be a stepping-stone to growth that is led by innovation; identifies and analyzes the ingredients of an innovative economy, and discusses how these ingredients mesh with government policy and market initiatives.
Book Synopsis Sustaining Development and Growth in East Asia by : Timo Henckel
Download or read book Sustaining Development and Growth in East Asia written by Timo Henckel and published by Routledge. This book was released on 2012-11-12 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: For several decades, fast-growing East Asia has been the envy of the developing world. Not only has East Asia outperformed all other regions of the world, but it also recovered surprisingly swiftly from the 1997–98 Asian financial crisis and the 2008–09 global financial crisis. Nevertheless, investment in the region remains subdued relative to pre-Asian crisis levels. Are current investment rates too low and, given greater investment, could the region grow even more rapidly? This book brings together a rich array of papers analyzing the determinants of, and impediments to, investment and growth. It discusses a range of issues bearing on investment and development. The chapters cover domestic and international economic, institutional and political factors, including the role of foreign direct investment, and the importance of public infrastructure, fiscal policy and export-oriented growth strategies. Trade and trade policy, in particular, are emphasized, with contributions ranging from an analysis of global production networks in electronics manufacturing, to the effects and implications of economic integration in the Mekong states. The chapters provide a healthy blend of theoretical and empirical analysis and offer a range of useful policy proposals. This book will be of interest to policy-makers, students and scholars of Asian economics and development economics alike.
Book Synopsis The Macroeconomics of East Asian Growth by : Yanrui Wu
Download or read book The Macroeconomics of East Asian Growth written by Yanrui Wu and published by Edward Elgar Publishing. This book was released on 2002 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Employing both cross-country analyses and case studies of individual economies, this book contributes to the many debates surrounding economic growth in East Asia. The author's style will appeal to economic researchers, lecturers and students of economics, as well as business economists and market analysts."--BOOK JACKET.
Book Synopsis Growth in East Asia by : Mr.Michael Sarel
Download or read book Growth in East Asia written by Mr.Michael Sarel and published by International Monetary Fund. This book was released on 1995-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the different arguments raised by the studies that addressed the East Asian growth experience. The original arguments presented in this paper are all on the negative side, highlighting problems associated with some of the possible explanations for the East Asian miracle. The paper concentrates mainly on four dimensions of the debate about the East Asian growth experience: (i) The nature of economic growth intensive or extensive?; (ii) The role of public policy and of selective interventions; (iii) The role of high investment rates and a strong export orientation as possible engines of growth; and (iv) The importance of the initial conditions and their relevance for policy.
Book Synopsis Economic Development of Emerging East Asia by : Frank S.T. Hsiao
Download or read book Economic Development of Emerging East Asia written by Frank S.T. Hsiao and published by Anthem Press. This book was released on 2017-09-27 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
Book Synopsis The Key to the Asian Miracle by : José Edgardo L. Campos
Download or read book The Key to the Asian Miracle written by José Edgardo L. Campos and published by Brookings Institution Press. This book was released on 1996 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the factors behind the remarkable success of the East Asian "miracle" economies.
Book Synopsis Rethinking Development in East Asia by : Pietro P. Masina
Download or read book Rethinking Development in East Asia written by Pietro P. Masina and published by Psychology Press. This book was released on 2002 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Masina reassesses the last thirty years of economic development in East Asia in light of recent dramatic events, challenging scholars and policy makers to critically review development strategies.
Book Synopsis The East Asian Development Experience by : Ha-Joon Chang
Download or read book The East Asian Development Experience written by Ha-Joon Chang and published by Zed Books. This book was released on 2006 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
