The Rise and Fall of the East Asian Growth System, 1951-2000: Institutional Competitiveness and Rapid Economic Growth

by XIAOMING HUANG; SCHOOL POL SCI

• ISBN13: 9780415352123
• ISBN10: 0415352126
• Edition: 1st
• Format: Hardcover
• Copyright: 2005-02-08
• Publisher: RoutledgeCurzon

Summary

This book examines the long run of economic growth in East Asia from 1945 to the present, assessing the various theories put forward to explain the phenomenon, and appraising the various factors which have contributed to economic growth in East Asia. It charts the growth of the various East Asian economies over this period, and separates out the various key factors such as developmental statism, economic nationalism and enterprise systems. It discusses the role of globalization, the 1997 Asian financial crisis and explores how far a single East Asian growth model can be said to exist.

Table of Contents

List of figures	xi
List of tables	xiii
List of abbreviations	xiv
Preface	xix
Introduction	1	(5)
1 Making sense of the 50-year growth: theories and evidence	6	(42)
Theories and debates	6	(16)
Reality check	22	(22)
Putting the pieces together	44	(4)
2 Initial conditions: growth imperatives and alternative scenarios	48	(32)
Growth factors and imperatives	49	(8)
Alternative scenarios	57	(7)
Shaping of the responses in the EAEs	64	(14)
Summary and discussion	78	(2)
3 Striving for sustainable international competitiveness	80	(16)
The problem of international competitiveness	80	(2)
The problem of comparative advantage	82	(2)
Striving for sustainable international competitiveness	84	(8)
Institutional requirements	92	(2)
Summary and discussion	94	(2)
4 Cultural and social setting	96	(16)
Culture and society in East Asian Growth	96	(2)
The pattern of individual behavior	98	(4)
Social structure	102	(8)
Summary and discussion	110	(2)
5 Crafting the national growth system	112	(50)
Economic growth as a national campaign	113	(6)
Building the three-tier structure of state management	119	(16)
Internalizing productional and social forces	135	(14)
Transforming the Confucian man	149	(7)
Separating the markets	156	(4)
Summary and discussion	160	(2)
6 The dynamism and consequences of East Asian Growth	162	(44)
Growth cycles	162	(15)
Institutional aging	177	(8)
Globalization and international pressures	185	(3)
The end games	188	(13)
Future prospects	201	(3)
Summary and discussion	204	(2)
7 Conclusion: institutional competitiveness and East Asian Growth	206	(18)
The pattern of rapid economic growth	206	(12)
The growth system	218	(3)
Final words	221	(3)
Notes on data and appendixes	224	(3)
Appendix A: individual EAE datasets	227	(11)
1 China dataset	228	(2)
2 Japan dataset	230	(2)
3 Korea dataset	232	(2)
4 Singapore dataset	234	(2)
5 Taiwan dataset	236	(2)
Appendix B: EAE and OECDE comparative data	238	(3)
Appendix C: East Asian Growth timelines (1951-2000)	241	(7)
1 General growth orientations	242	(1)
2 Macro economic conditions	243	(1)
3 Industrial promotion, restructuring, and adjustment	244	(1)
4 Control and competition	245	(1)
5 Economic decision-making and planning	246	(1)
6 Major political, social, and international developments	247	(1)
Notes	248	(4)
Bibliography	252	(14)
Index	266