Presenting differing dimensions of a Weberian perspective, the authors first provide a theoretical grounding, then consider capitalism in East Asia comparatively, and finally contrast the economies of East Asia and Europe. This institutional enhancement affected state structure and functions, economic policy, corporate arrangements, social structure and relations, individual behaviour, and domestic and international interaction. Contents: Making sense of the 50-year growth: theories and evidence -- Initial conditions: growth imperatives and alternative scenarios -- Striving for sustainable international competitiveness -- Cultural and social setting -- Crafting the national growth system -- The dynamism and consequences of East Asian Growth -- The dynamism and consequences of East Asian Growth -- Conclusion: institutional competitiveness and East Asian Growth. Professor Huang was a senior visiting professor at Peking University 2003 , Seikei University 2003. As a rising middle power, analysis of South Korea's foreign policy is crucial to our understanding of the power structure and future relations in East Asia. A worldview formed in the crucible of the Korean War and Cold War still maintains a powerful hold on North Korea in the twenty-first century, and understanding those historical forces is as urgent today as it was sixty years ago. Korean development banks now account for one quarter of all loans and take the lead in providing low-cost finance to local manufacturing firms in strategic industries.
The E-mail message field is required. China, India and the End of Development Models, with Alex C. There is no doubt that the worsening economic situation in the 1980s was one of the decisive factors which brought down the socialist system. Japan's role as the lead-country in technology transfer under the flying-geese pattern of development is discussed, however the emphasis has shifted of late to China, India, Korea, Malaysia and Singapore. Assessing the various theories put forward to explain the phenomenon and supported by the most comprehensive data, the book finds that methods of institutional enhancement were at the core of the growth. From the invasion that set off the Korean War in June 1950 to the collapse of the Soviet Union in 1991, Tyranny of the Weak shows how—despite its objective weakness—North Korea has managed for much of its history to deal with the outside world to its maximum advantage.
Once the crisis became acute, the bureaucracy and corporate leaders started to contest and modify key institutions and practices. Category: Political Science Author : Charles K. Armstrong tells in vivid detail how North Korea managed its alliances with fellow communist states, maintained a precarious independence in the Sino-Soviet split, attempted to reach out to the capitalist West and present itself as a model for Third World development, and confronted and engaged with its archenemies, the United States and South Korea. They were able to back up this myth at least with regard to most capitalist countries. She demonstrates how both investors and hosts rely on social networks, institutions, politics, and cultural understandings to make decisions about investment, employing practical rather than rational economic strategies to deal with the true uncertainty that plagues the postsocialist environment. The Rise and Fall of the East Asian Growth System 1951-2000: Institutional Competitiveness and Rapid Economic Growth London and New York: RoutledgeCurzon.
Before embarking on analyses of different aspects of economic growth and development of these countries, the authors present a thought-provoking analysis of how institutional factors such as geography, history of religion, culture and political governance have been deeply interwoven with development dynamics to shape the growth and development trajectory that each country has subsequently followed. This institutional enhancement affected state structure and functions, economic policy, corporate arrangements, social structure and relations, individual behavior, and domestic and international interaction. From the beginning of the socialist system up to the second half of the 1970s, the three countries could boast quite good results in economic growth rates, though they were marked by a falling tendency. Yet little attention has been devoted to exploring the nexus between economic development and foreign policy. Huang examines a recurring pattern of rapid economic growth in East Asia from 1951 to the present and explores how far a single East Asian Growth model can be said to exist.
For the author, the parallels are so strong and different from practices elsewhere that he can speak of an 'East Asian growth system. These three institutional dimensions have constituted the main underpinnings of post-war capitalist development in East Asia. Register a free 1 month Trial Account. Drawing on extensive research in the archives of North Korea's present and former communist allies, including the Soviet Union, China, and East Germany, Charles K. Consisting of sixteen articles that come together to provide historical, comparative and theoretically informed perspectives on the spread of Chinese capitalism, this collection emphasizes the difference between Western and Chinese forms of capitalism. A further three chapters provide perspectives on the influence of history and institutional change. There are two schools of thought on this question.
The concluding chapters spell out the implications of all these chapters for scholars in the field and for business practitioners in Asia. If there is a model, is it transferable? Drawing on the diverse experiences of Malaysia, Singapore, China, India and more, Roy, Blomqvist and Clark skilfully tease out the common institutional threads and the subtle differences in their developmental trajectories. Thurbon traces the structural, institutional, political, and ideational factors that have strengthened and at times weakened the developmental consensus, culminating in the revival of financial activism in Korea. Assessing the various theories put forward to explain the phenomenon and supported by the most comprehensive data, the book finds that methods of institutional enhancement were at the core of the growth. Complementing the country chapters are eleven contributions examining major themes across the region in comparative perspective and linking the empirical picture to existing theory on these themes. These two themes run through the various parts of the volume and facilitate an integrated analysis of how changing institutional practices inbusiness, financial, and labour systems interact and affect the evolution of capitalist political economies in the region.
The Resurgence of East Asia examines the rise of the region as one of the world's economic power centres from three temporal perspectives: 500 years, 150 years and 50 years, each denoting an epoch in regional and world history and providing a vantage point against which to assess contemporary developments. His research interests focus on the patterns of political and social change in different institutional settings, and frameworks for their meaningful description and explanation to people across critical boundaries, national, cultural or otherwise. As the North nears a turning point, however, there is a new possibility for the two Koreas to reunite if the international environments work in their favor, and if both countries are well prepared to assume reuni? Each country's development path consequently appeared almost be pre-determined. Only then will a true understanding and appreciation of India's achievements in economic growth and development emerge. Book Descriptions: The Rise And Fall Of The East Asian Growth System 1951 2000 Xiaoming Huang is good choice for you that looking for nice reading experience. Including sections on China's pre-industrial economy as well as the growth of modern Chinese capitalism, this collection will be a valuable resource for students of Asian and Chinese studies as well as those concerned with the economics of Chinese societies.
Each of these elements was a critical aspect of the growth system that defined and propelled the rapid growth. Each of the 17 countries that comprise the region gets some space for discussion. Rather than change at different times according to their specific economic interests, Japanese firms and the state have made similar slow, incremental changes. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. You can also find customer support email or phone in the next page and ask more details about availability of this book.
Economists sometimes argue that recessions promote activities that ultimately contribute to long-run growth. Each of these elements was a critical aspect of the growth system that defined and propelled the rapid growth. An essential reading for all those interested in the lessons from Asian development. This mindset involves shared ways of thinking about the purpose of finance and its relationship to the productive economy. Professor Huang holds an Honorary Research Professorship at the University of International Business and Economics Beijing ; an Honorary Research Professorship at China University of Political Science and Law Beijing ; a Senior Research Fellow of the Research Institute of Economic Thoughts and Economic History of Fudan University Shanghai ; and a Member of the International Advisory Board of Fudan University Contemporary China Research Centre. China and the International System: Becoming a World Power, with Robert Patman, New York and London: Routledge. When conditions shifted in the 1980s and 1990s, these institutions and policies did not suit the new environment, in which technological change was rapid and unpredictable and foreign products could no longer be legally reverse-engineered.
Please read our description and our privacy and policy page. Each of these elements was a critical aspect of the growth system that defined and propelled the rapid growth. While the volume encompasses a range of different cases, specific issues and diverse methodologies, they are all structured aroundthe two dominant themes-the continuities and changes in the institutional underpinnings of capitalist development and the main driving forces behind them. The developmental mindset has a long history in Korea but is subject to the vicissitudes of political and economic circumstances. The geopolitics of the Korean Peninsula is historically very complicated as Korea is bordered and s- rounded by four big powers; namely, China, Russia, Japan, and the United States. In South Korea's Rise, Uk Heo and Terence Roehrig propose a new theoretical framework to illustrate how an increase in a country's economic prosperity can bring about change to its foreign policy, prompting greater involvement in the international system, the transition to democracy, an expanded set of interests and increased tools to pursue its foreign policy goals. The book shows how radically different social and cultural institutions can lead to economies that are organized in remarkably similar ways.