The Economic Miracle in Asia Pacific

Paper Summary:

The essay is a systematic synthesis of the literature on economic history and political science that explains the East Asian miracle. It argues that state intervention has been a fundamental tenet of the great transformation of societies and economies in the East and Southeast Asian countries. The paper takes several case studies in East and Southeast Asia in comparative perspective to show the similarities and differences of the development experiences in the region.

Table of Contents:
Introduction
Context Setting: Asia Pacific in Global and Regional Perspectives
The East Asian Miracle in Theoretical Perspectives: Market-friendly and Developmental State Explanations
Relevant Themes on the East Asian Economic Miracle: Agricultural transformations in East Asia and the role of industrial policy in Asia Pacific
Agricultural Transformation in East Asian Countries
The State and Industrial Policy: Comparing East and Southeast Asia
Conclusions
Appendix

From the Paper:

"The Asia Pacific has been the most dynamic region in the world with countries sustaining growth rates from 3 - 7% for decades, reducing absolute and relative poverty, and undergoing structural changes in demographic, economic and political terms. While area specialists do not claim a single model to be followed by the developing world, it is worthy to study the common conditions, policy choices, and challenges that these countries have faced. The East Asian Miracle indeed challenges scholars and policy makers to think beyond the standard Western model of development based on blind liberalization, deregulation, and privatization. Bearing in mind the nuances and commonalities across the region, there are lessons to be drawn if only to better understand the trajectory the region is currently taking."

Sample of Sources Used:

• Amsden, Alice. 1994. "Why isn't the Whole World Experimenting with the East Asian Model to Develop?: Review of The East Asian Miracle," World Development, 22 (4), 627-33.
• Amsden, Alice. 1989. Asia's Next Giant: South Korea and Late Industrialization, New York: Oxford University Press.
• Chua, Amy. 2003. World on Fire: How Exporting Free Market Democracy breeds Ethnic Hatred and Global Instability, New York: Double Day, Random House.
• Cook, Sarah. 2006. "Structural Change, Growth and Poverty Reduction in Asia: Pathways to Inclusive Development," Development Policy Review, 24 (s1), s51-80.
• Fei, Johan, et. al. 1979. Growth with Equity: the Taiwan Case, Oxford: World Bank Research Publication.

More papers on The Economic Miracle in Asia Pacific:

• Persuasive Essay # 102538 : "Politics and Transformation of Asia-Pacific"
• Analytical Essay # 132405 : "Politics and Transformation of Asia-Pacific"
• Essay # 53833 : "Economic Growth in Asia"

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