The economic miracle in the Asia-Pacific was arguably the most spectacular developmental experience of the twentieth century. However, in 1997-8 financial crises engulfed these 'miracle' economies, raising questions about the viability of an East Asian development model. In this book, the authors consider how the Asia-Pacific economies have developed since the financial crises, and highlight two inter-related themes: the effect of global forces on the national Asian economies and the different development paths taken by these economies as they jointly entered this new phase. Questions raised by the book include: * is globalisation a threat to development and prosperity in the Asia-Pacific, or did globalisation facilitate and accelerate the pace of industrialization among late industrialisers in the region? * is there a single Asia-Pacific development model or did the crisis show this to be false? * did the financial crisis reveal structural weaknesses in an Asia-Pacific state-led model or was state leadership already in demise?
Development and Structural Change in Asia-Pacific provides a useful and relevant account of how the global economy has led to structural change within Asian economies. It will be of interest to students and researchers in Asian Studies, Economics and Development Studies.
The economic miracle in the Asia-Pacific was arguably the most spectacular developmental experience of the twentieth century. However, in 1997-8 financial crises engulfed these 'miracle' economies, raising questions about the viability of an East Asian development model. In this book, the authors consider how the Asia-Pacific economies have developed since the financial crises, and highlight two inter-related themes: the effect of global forces on the national Asian economies and the different development paths taken by these economies as they jointly entered this new phase. Questions raised by the book include: * is globalisation a threat to development and prosperity in the Asia-Pacific, or did globalisation facilitate and accelerate the pace of industrialization among late industrialisers in the region? * is there a single Asia-Pacific development model or did the crisis show this to be false? * did the financial crisis reveal structural weaknesses in an Asia-Pacific state-led model or was state leadership already in demise?
Development and Structural Change in Asia-Pacific provides a useful and relevant account of how the global economy has led to structural change within Asian economies. It will be of interest to students and researchers in Asian Studies, Economics and Development Studies.
1. Martin Andersson and Christer Gunnarsson Introduction -
Perspective on Development in Asia-Pacific
Part 1 - Global Institutions and the State in
Asia-Pacific
2. Irma Adelman Global Institutions and Economic Development - What
have we learned?
3. John Weeks A Tale of Two Crises - Latin America in the 1980s and
'the HPAEs' in the 1990s 4. Chris Edwards Neo-liberalism on the
Defensive but not Defeated? - A Comparative Review of the Asian
Crisis and Lessons for the Future
5. Medhi Krongkaew The IMF in the Thai Economic Crisis - Villain or
Saviour?
6. Ishak Shari Economic Growth and Social Development in Malaysia
1971-1998 - Does the State Still Matter in an Era of Economic
Globalisation
Part 2 - Divergent Development Paths Among the Asian
Miracles
7. Martin Andersson and Christer Gunnarsson Beyond Policy
Explanations - Towards an Alternative Analysis of the Economic
Development in the Asia-Pacific Region
8. Anne Booth Education, Equality and Economic Development in the
Asia-Pacific
9. K. S. Jomo Growth and Vulnerability Before and After the Asian
Crisis - The Fallacy of the Universal Model
Martin Andersson and Christer Gunnarsson Epilogue - Rest in Peace
of a Relevant Piece for the Rest? - Industrialisation Models and
the New Regional Divison of Labour in Asia-Pacific
Martin Andersson is Lecturer in Economic History and Development Economics at the School of Economics, Lund University. Christer Gunnarsson is Professor of International Economics and Business at the School of Economics, Lund University.
Review in ASEAN Economic Bulletin, Vol 21, August 2004
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