Description
During the post-World War-II period, several Asian economies turned in stellar performances. This book addresses the all-important query regarding the ebullient growth performance of a group of dynamic Asian economies. Its principal focus is the so-called Asian growth model, which enabled them to achieve what became known as the 'miraculous' growth
Table of Contents
PART I: AN ENQUIRY INTO THE ASIAN GROWTH MODEL 1. Growing Interest in Asia and its Growth Trajectory 2. Burgeoning Clout of the Asian Economy 3. Integration: Regional and Global 4. Sequence of Argument: An Asian Growth Model PART II: THE ASIAN GROWTH MODEL: MYTH OR REALITY 1. Introduction 1.1 Objectives, Queries and Scope 2. Industrial Policy: Formulation and Utilization 2.1 Industrial Policy and Development Strategy 2.2 Strategic Shift: From Non-Intervention to Intervention 2.3 Asian Economies and Market Intervention 3. Structural Economics and Government Intervention 4. From the Washington Consensus … 4.1 Limitations of the Washington Consensus 4.2 Taking Government out of the Development Equation 5. …to the Beijing Consensus 5.1 A Myth or a Coherent and Persuasive Development Strategy? 6. State Capitalism 6.1 Changing Nature of State Capitalism in Asia 7. Is there a China Model? 7.1 China Turning to Market Econmy Principles 8. Asian or Sino-Capitalism 8.1 Stylized Classification 8.2 Is it a threat? 9. Summary and Conclusions PART III: THE GROWTH PACT OF DYNAMIC ASIAN ECONOMIES: SOME OF THE NEWER ELUCIDATIONS 1. Introduction 2. Structuralist Explanations: Newer Versions 3. Heterogeneity in the Asian Growth Performance 4. Greater credit for State Capitalism 5. Summary and Conclusions PART IV: THE ASIAN GROWTH MODEL: A META-ANALYSIS 1. Genesis and Initial Deliberations 2. Theoretical Concepts 2.1 Basic Modes of Export Promotions 3. Trade-Growth Nexus 3.1 Export-Led Growth Hypothesis and its Endless Testing 4. FDI-Trade Nexus 5. Supportive Factors and Policy Strands 6. Controversy over Perspiration or Inspiration Summary: Implications for Theory and Policy Bibliography
