Rethinking the East Asian Miracle

This volume provides highly illuminating, analytic perspectives on key facets of the East Asian economies. It discusses weaknesses in the financial sector, corporate governance, exchange rate and trade policies, regulatory capability, and proposes remedies. Rethinking the East Asian Miracle is an indispensable book for all those with an interest in East Asia's prospects in the early decades of the new century.

Preface

v

Acknowledgements

vii

Contributors

ix

The East Asian Miracle at the Millennium

1

(54)

Shahid Yusuf

Growth, Crisis, and the Future of Economic Recovery in East Asia

55

(40)

Takatoshi Ito

Technological Change and Growth in East Asia: Macro versus Micro Perspectives

95

(48)

Howard Pack

Chinese Rural Industrialization in the Context of the East Asian Miracle

143

(54)

Justin Yifu Lin

Yang Yao

After the Crisis, the East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging

197

(50)

Ronald I. McKinnon

Industrial and Financial Policy in China and Vietnam: A New Model or a Replay of the East Asian Experience?

247

(48)

Dwight H. Perkins

Government Control in Corporate Governance as a Transitional Institution: Lessons from China

295

(28)

Yingyi Qian

The Government-Firm Relationship in Postwar Japan: The Success and Failure of Bureau Pluralism

323

(20)

Tetsuji Okazaki

Miracle as Prologue: The State and the Reform of the Corporate Sector in Korea

343

(36)

Meredith Woo-Cumings

Trade and Growth: Import-Led or Export-Led? Evidence from Japan and Korea

379

(30)

Robert Z. Lawrence

David E. Weinstein

Emergence of an FDI-Trade Nexus and Economic Growth in East Asia

409

(52)

Shujiro Urata

Rethinking the Role of Government Policy in Southeast Asia

461

(48)

K. S. Jomo

From Miracle to Crisis to Recovery: Lessons from Four Decades of East Asian Experience

509

Joseph E. Stiglitz

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Rethinking the East Asian Miracle

Summary

Table of Contents

Supplemental Materials

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Rethinking the East Asian Miracle

Summary

Table of Contents

Supplemental Materials

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