Economic Development in a Globalized Environment: East Asian Evidences

Oversized hardcover, xix + 392 pages, NOT ex-library. A clean and bright copy with unmarked text and firm binding, free of inscriptions and stamps. Boards show gentle indentations and regular shelfwear. Issued without a dust jacket. -- Contents [+ Summary & Questions and Exercises in each chapter]: I. General Considerations 1 Introduction [World We Live In; Benchmark Path for Catching Up; Inspection of the Foundations of the Benchmark Path Model; App1 Some Statistical Description; App2 Implications of Trend Acceleration] 2 Replicable Cases? [East Asian Economies in the Trading World; Shared Initial Conditions; Economic Consequences of Confucianism; Example of Japan: Achievements and Impact; App. A Model for the Dynamics of Human Capital in Ancient Times] 3 Conditions for Sustained Growth [Regularities, Explanations and Implications; Learning-By-Doing and Trade; App. Examples of Learning-By-Doing] 4 Channels for Technology Acquisition [Product Cycle and Staged Development; Game of Technology Transfer; Brain Drain and Reverse Brain Drain; Culmination of the Catching Up Process] 5 Major Debates in Economic Development [Industrial Policy for a Development State; Liberalism and Revisionism; Pitfalls in Measuring Productivity Gain] 6 Crisis amidst Growth [General Remarks; Volatility of the Terms of Trade: A Simple Example; Political Economy of Debt Crisis; Connectedness Over Disjoint Subsystems; Concluding Remarks; App. Debt Crisis and Rescue: A Theoretic Perspective]; II. Economy-Specific Evidence 7 Republic of Korea [General Observations; Necessary and Sufficient Conditions; Governing the Market, Park's Style; Heavy Chemical Industry Drive (HCI) and General Trading Company (GTC); Korea after Park and a Reappraisal; A Comparison with Japan and Other NIEs; Replicability and Other Lessons; App. Why Does the Philippines Lag Behind Korea?] 8 Taiwan [Introductory Remarks; Economic Performance; Economic Structure; Industrial Policy: Taiwanese Version; Possibility of Replication] 9 Hong Kong [Introductory Remarks; Hong Kong: Highly Industrialized Phase; Hong Kong: De-Industrializing Phase; Final Remarks; App. Roles of Hong Kong: Entrepot, Central Place, and Intermediary] 10 Singapore [Introduction; Survival through Industrialization; To Thrive through Restructuring; Concluding Remarks] 11 Outward Oriented Development Elsewhere [A Search for Additional Evidence; Malaysia; People's Republic of China; Mauritius; App. Additional Observations on the Chinese Economy] 12 Conclusions [At the Turn of the Millennium; North and the South in Literature; North and the South in Practice; Study of the Future and the Future of Studies; A Final Remark: What Value Is Rapid Growth?; Replicable Asian Lessons: Five Principles from Sen; App1 Singapore's Choice; App2 Industry Exodus in Recession]; Appendix: Problems for General Review; Bibliography; Indices [A Note for Users of Our Indices; Author Index; Subject Index: General & Structured Comparisons] -- Is the East Asian growth record replicable today? This book answers: yes. It places the common East Asian theme in the theoretic context of product cycles, globalization and convergence and the historical perspective of the "German Miracle" after World War II, also the more recent Irish growth; it identifies the effective policies for sustained, rapid growth by structured comparisons among different economies; it evaluates the strengths and weaknesses of the alternative policy packages of Korea, Taiwan, Hong Kong, and Singapore, in the light of such recent events like global trend for liberalization, and the Crises of 1997 and 2001. The book also scrutinizes the major debates in development economics, using documented cases, and analytic reasoning for support.…