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

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ISBN: 9780415352123 | 0415352126
Cover: Hardcover
Copyright: 2/8/2005

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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.

List of figures

List of tables

xiii

List of abbreviations

xiv

Preface

xix

Introduction

(5)

1 Making sense of the 50-year growth: theories and evidence

(42)

Theories and debates

(16)

Reality check

(22)

Putting the pieces together

(4)

2 Initial conditions: growth imperatives and alternative scenarios

(32)

Growth factors and imperatives

(8)

Alternative scenarios

(7)

Shaping of the responses in the EAEs

(14)

Summary and discussion

(2)

3 Striving for sustainable international competitiveness

(16)

The problem of international competitiveness

(2)

The problem of comparative advantage

(2)

Striving for sustainable international competitiveness

(8)

Institutional requirements

(2)

Summary and discussion

(2)

4 Cultural and social setting

(16)

Culture and society in East Asian Growth

(2)

The pattern of individual behavior

(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

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

Summary

Table of Contents

Supplemental Materials