Pacific Asia contains most of the world's fastest growing
economies. While Japan remains the unchallenged giant of the
region, the economies of East and South East Asia have become
increasingly important to the area's growth. In "Economic and
Social Development in" "Pacific Asia," a group of world authorities
set the region in its global context and examine the economic
emergence of Pacific Asia. They illustrate that beneath the
superficial similarities, the countries have developed in vastly
different ways, proving that there exists no single "model of Asian
development."
The authors challenge the perceived wisdom that this dynamic
growth has been the result of laissez-faire, market-led economies.
They argue that a great deal of government intervention has
occurred and that the growth has actually resulted from a policy of
guiding the market.
"Economic and Social Development in Pacific Asia" challenges
conventional, one-sided studies which ignore the uneven nature of
development in the region and the wider social implications of
rapid growth. The authors discuss the rise of the ASEAN countries
and state-controlled economies of China, Vietnam and North Korea.
Finally, the editors look to the future and assess the likelihood
of a new "Pacific Century" during the next hundred years.
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