This innovative book integrates ideas from sociology, economics and
political science to analyse economic development. In doing so, it
sheds new light on the process of successful development in East
and Southeast Asia and, at the same time, indicates the underlying
problems which led to the financial crisis in the region during the
late 1990s.Richard Grabowski examines economic development from an
historical perspective, discussing the Industrial Revolution in
England and the economic development of Japan as well as the
experiences of East and Southeast Asia. The central theme concerns
the conditions underlying and supporting market exchange and
discusses how these conditions evolve through time. The author
analyses three main paths of economic development: government
directed learning as in South Korea, the experience with
development groups in Southeast Asia and concludes that the third
and most successful development path is that based on broad rural
development driven by rapid agricultural growth. This allows
integrated markets to develop and creates an economy conducive to
technical innovation via learning-by-doing. Pathways to Economic
Development will be welcomed by development economists and
political scientists as well as those interested in Asian studies.
General
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