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Given the impressive growth in East Asia after World War II,
initially led by Japan, the region's development models have been
scrutinized since the 1980s. The shared Confucian cultural
heritage, strong government guidance, and export led economies were
often cited as contributors to the impressive growth. However,
major changes have taken place in Asia on and around the turn of
the century: Japan experienced two decades of economic slow-down,
while World Bank figures reveal that China is poised to become the
largest economy in the world in 2014, overtaking the United States.
Bearing this in mind, is it even possible to formulate an East
Asian development model in the context of a shifting twenty-first
century? And if so, what is it? This book addresses this issue by
looking at the economic, political and cultural perspectives of
China, Japan and South Korea, focusing on dynamism and potential
consensus regarding an East Asian development model. The chapters
offer a historical background to the East Asian development model,
as well as in-depth case studies of each of the countries concerned
to show that whilst the East Asian development model does have
distinct characteristics as compared with other areas, and other
countries may draw some insights from the East Asian experience, it
is not a panacea that fits all circumstances and fits all times.
This book will be welcomed by students and scholars of Asian
economics, Asian politics, international political economy and
development studies.
Given the impressive growth in East Asia after World War II,
initially led by Japan, the region's development models have been
scrutinized since the 1980s. The shared Confucian cultural
heritage, strong government guidance, and export led economies were
often cited as contributors to the impressive growth. However,
major changes have taken place in Asia on and around the turn of
the century: Japan experienced two decades of economic slow-down,
while World Bank figures reveal that China is poised to become the
largest economy in the world in 2014, overtaking the United States.
Bearing this in mind, is it even possible to formulate an East
Asian development model in the context of a shifting twenty-first
century? And if so, what is it? This book addresses this issue by
looking at the economic, political and cultural perspectives of
China, Japan and South Korea, focusing on dynamism and potential
consensus regarding an East Asian development model. The chapters
offer a historical background to the East Asian development model,
as well as in-depth case studies of each of the countries concerned
to show that whilst the East Asian development model does have
distinct characteristics as compared with other areas, and other
countries may draw some insights from the East Asian experience, it
is not a panacea that fits all circumstances and fits all times.
This book will be welcomed by students and scholars of Asian
economics, Asian politics, international political economy and
development studies.
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