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How Finance Is Shaping the Economies of China, Japan, and Korea (Hardcover, New)
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How Finance Is Shaping the Economies of China, Japan, and Korea (Hardcover, New)
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This volume connects the evolving modern financial systems of
China, Japan, and Korea to the development and growth of their
economies through the first decade of the twenty-first century. It
also identifies the commonalities among all three systems while
accounting for their social, political, and institutional
differences. Essays consider the reforms of the Chinese economy
since 1978, the underwhelming performance of the Japanese economy
since about 1990, and the growth of the Korean economy over the
past three decades. These economies engaged in rapid catch-up
growth processes and share similar economic structures. Yet while
domestic forces have driven each country's financial trajectory,
international short-term financial flows have presented
opportunities and challenges for them all. The nature and role of
the financial system in generating real economic growth, though
nuanced and complex, is integral to these countries. The result is
a fascinating spectrum of experiences with powerful takeaways.
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