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Full Description
Today East Asia is the richest part of the world outside the old industrial centres of Western Europe and North America. Despite political authoritarianism, human rights violations, corruption, repression of labour unions, gender discrimination and mistreatment of ethnic minorities, the citizens of the East Asian economies have experienced improvements in income and general well-being unparalleled in human history.
In this book, Ha-Joon Chang provides a fresh analysis of this spectacular growth. He considers East Asian economies' unorthodox methods, and their rejection of 'best practice' and so-called Washington Consensus policies. East Asia, he claims, can teach us much about the whole process of economic development. Full of new facts and policy suggestions, this is a lively and unconventional introduction to a global phenomenon.
Contents
CONTENTS PART 1: OVERVIEW OF THE DEBATE ON EAST ASIAN DEVELOPMENT EXPERIENCE 1. The East Asian Model of Economic Policy PART 2: INTERPRETATION OF THE EAST ASIAN MIRACLE 2. The Political Economy of Industrial Policy in Korea 3. Explaining 'Flexible Rigidities' in East Asia 4. The "Initial Conditions" of Economic Development - Comparing the East Asian and the Sub-Saharan Experiences PART 3: 1997 ASIAN FINANCIAL CRISIS AND ITS IMPLICATIONS 5. The Hazard of Moral Hazard - Untangling the Asian Crisis 6. Interpreting the Korean Crisis: Financial Liberalisation, Industrial Policy and Corporate Governance PART 4: LOOKING INTO THE FUTURE OF EAST ASIA 7. Industrial Policy and East Asia - The Miracle, the Crisis, and the Future 8. The Triumph of the Rentiers? 9. Evaluating the Post-Crisis Corporate Restructuring in Korea
