Newly Industrializing Economies Of East Asia

Overview

The spectacular success of the Newly Industrializing Economies (NIEs) of Korea, Taiwan, Hong Kong, and Singapore has prompted debate on whether an East Asian growth model exists. This success has been the subject of much discussion in the development studies profession and the already voluminous literature continues to grow rapidly.

In one of the first books to synthesize work on the region, Anis Chowdhury and Iyanatul Islam discern two competing paradigms in the literature: the...

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The Newly Industrializing Economies of East Asia

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Overview

The spectacular success of the Newly Industrializing Economies (NIEs) of Korea, Taiwan, Hong Kong, and Singapore has prompted debate on whether an East Asian growth model exists. This success has been the subject of much discussion in the development studies profession and the already voluminous literature continues to grow rapidly.

In one of the first books to synthesize work on the region, Anis Chowdhury and Iyanatul Islam discern two competing paradigms in the literature: the neoclassical approach which interprets the East Asian economic miracle as the predictable outcome of "good" economic policies, and the statist perspective which draws attention to the central role of the government in guiding East Asian economic development. The book blends studies of country-specific experiences with an examination of fundamental themes in development studies. The authors identify the deficiencies in current knowledge of such issues as trade and financial liberalization, the appropriate role of the state in late industrialization, and the future evolution of the East Asian NIEs in an era of democratization.

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Product Details

  • ISBN-13: 9780415097499
  • Publisher: Taylor & Francis Ltd
  • Publication date: 5/27/1993
  • Edition description: New Edition
  • Pages: 304
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.64 (d)

Table of Contents

List of figures
List of tables
Preface
1 The Rise of the East Asian Newly Industrialising Economies: An Overview 1
2 Historical Antecedents and the Impact of Geopolitical Realities 28
3 Explaining East Asian Success: Between the State and the Market 42
4 Agriculture and Rural Development Contents 57
5 Trade Liberalisation and Economic Growth 72
6 Industrial Policy and Structural Change 88
7 Foreign Investment and Technological Capabilities 107
8 Financial Development and Economic Performance 126
9 The Labour Market, Human Resource Development and the Politics of Labour Subordination 145
10 Macroeconomic Management 173
11 Managing External Shocks 193
12 Poverty, Inequality and Economic Development 215
13 The Challenges of the 1990s 246
Bibliography 256
Index 276
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