Is the East Asian growth record replicable today? This book answers: yes. It places the common East Asian theme in the theoretic context of product cycles, globalization and convergence and the historical perspective of the "German Miracle" after World War II, also the more recent Irish growth; it identifies the effective policies for sustained, rapid growth by structured comparisons among different economies; it evaluates the strengths and weaknesses of the alternative policy packages of Korea, Taiwan, Hong Kong, and Singapore, in the light of such recent events like global trend for liberalization, and the Crises of 1997 and 2001.
Economic Development in a Globalized Environment also scrutinizes the major debates in development economics, using documented cases, and analytic reasoning for support.
"This highly original book cleverly combines pointed theoretical insights with sharp site-specific observation. Henry Wan believes that the key to rapid growth in East Asian development has been a successful process of selective catching-up technologically with world best practice. Yes, yes, you will say, but what should one do? A careful reader will come away with an organized knowledge of what has been done, what worked, and what didn't, ranging all the way from broad social institutions to particular regulations, along with an agenda for thought and action." (Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology; Nobel Laureate of Economics, 1987)
"Henry Wan Jr. is a world class economist with an unmatched grasp of both international and development economics. To understand Asia's remarkable transformation, one needs both these disciplines and a large dose of wisdom and insightfulness as well. Wan has uniquely combined all these requisites to write a splendid and invaluable analysis that no scholar can ignore. It is a tour de force." (Jagdish Bhagwati, University Professor, Columbia University)
"During the second half of the 20th century, four East Asian countries traveled from the ranks of the poor to those of the rich. After years of unrelenting research work on this topic, Professor Wan finally puts forward his valuable views in a single monograph that tells a coherent and well-argued story of catching-up based on technology diffusion and international trade." (Jaume Ventura, Pentti Kouri Career Development Associate Professor of Economics, Massachusetts Institute of Technology)
General Considerations.- Introduction.- Replicable Cases?- Conditions for Sustained Growth.- Channels for Technology Acquisition.- Major Debates in Economic Development.- Crisis amidst Growth, Economic-Specific Evidence.- The Republic of Korea.- Taiwan.- Hong Kong.- Singapore.- Outward Oriented Development Elsewhere.- Conclusions.
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More About This Textbook
Overview
Is the East Asian growth record replicable today? This book answers: yes. It places the common East Asian theme in the theoretic context of product cycles, globalization and convergence and the historical perspective of the "German Miracle" after World War II, also the more recent Irish growth; it identifies the effective policies for sustained, rapid growth by structured comparisons among different economies; it evaluates the strengths and weaknesses of the alternative policy packages of Korea, Taiwan, Hong Kong, and Singapore, in the light of such recent events like global trend for liberalization, and the Crises of 1997 and 2001.
Economic Development in a Globalized Environment also scrutinizes the major debates in development economics, using documented cases, and analytic reasoning for support.
Editorial Reviews
From the Publisher
"This highly original book cleverly combines pointed theoretical insights with sharp site-specific observation. Henry Wan believes that the key to rapid growth in East Asian development has been a successful process of selective catching-up technologically with world best practice. Yes, yes, you will say, but what should one do? A careful reader will come away with an organized knowledge of what has been done, what worked, and what didn't, ranging all the way from broad social institutions to particular regulations, along with an agenda for thought and action." (Robert M. Solow, Institute Professor Emeritus, Massachusetts Institute of Technology; Nobel Laureate of Economics, 1987)"Henry Wan Jr. is a world class economist with an unmatched grasp of both international and development economics. To understand Asia's remarkable transformation, one needs both these disciplines and a large dose of wisdom and insightfulness as well. Wan has uniquely combined all these requisites to write a splendid and invaluable analysis that no scholar can ignore. It is a tour de force." (Jagdish Bhagwati, University Professor, Columbia University)
"During the second half of the 20th century, four East Asian countries traveled from the ranks of the poor to those of the rich. After years of unrelenting research work on this topic, Professor Wan finally puts forward his valuable views in a single monograph that tells a coherent and well-argued story of catching-up based on technology diffusion and international trade." (Jaume Ventura, Pentti Kouri Career Development Associate Professor of Economics, Massachusetts Institute of Technology)
Product Details
Meet the Author
AFFILIATIONS:
Professor, Cornell University, Ithaca, NY 1970 - present
Associate Professor, University of California, Davis, CA. 1965-1970
Assistant Professor, University of Washington, Seattle, Washington, 1964-1965
Lecturer, University of New South Wales, Kensington, N.S.W. Australia, 1963-1964
Associate Professor, National Taiwan University, Taipei, Republic of China, 1961-1963
EDUCATION:
Ph.D. in Economics, M.I.T. 1961
M.A. in Economics, Bucknell University, 1958
B.A. in Business Administration, National Taiwan University, Taipei, Republic of China, 1952
Table of Contents
General Considerations.- Introduction.- Replicable Cases?- Conditions for Sustained Growth.- Channels for Technology Acquisition.- Major Debates in Economic Development.- Crisis amidst Growth, Economic-Specific Evidence.- The Republic of Korea.- Taiwan.- Hong Kong.- Singapore.- Outward Oriented Development Elsewhere.- Conclusions.