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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.
| 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 |
Overview
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...