Conference edition 1 1 Perspectives on East Asian Development: An Introduction (original) (raw)
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The International Centre for the Study of East Asian Development
2008
The views expressed in this publication are those of the author(s) and do not necessarily reflect those of the Institute. No part of this article may be used reproduced in any manner whatsoever without written permission except in the case of brief quotations embodied in articles and reviews. For information, please write to the Centre.
The lessons of East Asia : common foundations of East Asian success
1993
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizaticas, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee ihe accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. Any maps that accompany the text have been prepared solely for the convenience of readers; the designations and presentation of material in them do not imply the expression of any opinion whatsoever on the part of the World Bank, its affiliates, or its Board or member countries conceming the legal status of any country, territory, city, or area or of the authorities thereof or concerning the delimitation of its boundaries or its national affiliaton.
Asia’s Development Experience in the Twenty-first Century
Millennial Asia, 2019
Asia is one of the largest continents in the world in terms of both the size of population and the geographical area. It constitutes of 48 countries, six non-UN States and six as dependent territories. Asia has emerged as the fastest growing region of the world economy during the first two decades of the twenty-first century (The World Bank, 2018). The share of Asia in the global GDP is 46.7 per cent (IMF, 2019). In terms of global trade in goods, Asia accounts for one-third of it. There is a surge in Asian capital flows and air travel and their global share has risen to 23 per cent and 40 per cent, respectively (Woetzel & Seong, 2019). The sustained rise of Asia in the global economy is essentially attributed to the increasing linkages among the Asian countries, in terms of trade of goods, capital flows and air travel. It is not exaggeration to say that Asia has emerged as an engine of economic growth of the global economy. It has moved at a fast pace from a low income to a middle income group. Thus, the twenty-first century can be called as the 'Asian Century'. It is widely acknowledged that the global economy has been undergoing dramatic transformation. The Asian transformation plays the lead role in terms of innovations in public policies, unique short cycle technologies (Lee, 2019) and inter-and intra-regional economic transactions. This region has immensely contributed to the reduction of global poverty and a substantial improvement in social indicators. Asia is highly diverse in terms of structure and stage of economic development across countries (Nayyar, 2019a, 2019b). The emergence of Asia as an economic power faces challenges from the world economic order dominated by the super power. The rising conflict and restrictions on international trade between China and the USA reflects this. However, apart from global challenges,
Development Imperatives for the Asian Century
SSRN Electronic Journal, 2013
The views expressed in this paper are those of the author and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term "country" in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.
Introduction. The Asia Pacific World: A Summary and an Agenda
Asia Pacific World, 2010
At the start of the twenty-first century it was confidently predicted by many that this period would become the 'Asian Century' or the 'Asia Pacific Century.' Now that we are entering its second decade, this prediction still seems on course, despite some dissent (Huang 2009), though the possible meaning of what this might entail has subtly changed. While China's economy continues to grow, suggesting that this could also be termed the 'Chinese Century' (Scott 2008 cf Jacques 2009), there are also new factors in the equation, particularly the rise of India stemming from the economic reforms which took place there during the 1990s (Pike 2010: 651-659, 718-720). These suggest a re-evaluation not only of possible scenarios for the years to come, but even of what we mean by the term 'Asia Pacific.' In this article, we present a brief survey of the main developments which have taken place in the last decade, the changing definition of the Asia Pacific as a region, and the main directions of change suggested by current research.
Atlantic Economic Journal, 1996
The Worm Bank's 1993 East Asian Miracle report proposed two models of East Asian Development, one based on the Japanese economy, the other on the more recent miracle economies of Southeast Asia. The latter pursued open-market and investment policies compatible with Anglo-American economic norms, while Japan and its coterie (South Korea and Taiwan) forged industrial policy regimes with high levels of government intervention and protection. Japan takes a different view of Southeast Asian success-as a combination of conscious emulation of Japan and concentrated Japanese foreign direct investment, aid, and regional industrial strategy. This article explores the tension between the Worm Bank thesis and the Japanese view, embodied in a growth metaphor called flying geese. The author concludes that Japan has been far more reactive and opportunistic than the flying geese metaphor suggests, but that this paradigm has a profound influence on Japanese government and corporate strategy in Asia.
Development Challenges in Asia and the Pacific in the 1990s
1991
Human development in Asia and the Pacific Mahbub ul Haq Social trends affecting natural resource management in upland areas of Asia and the Pacific A. Terry Rambo with Lawrence Hamilton v PART III: Regional and country papers Regional economic cooperation in South Asia. .. Abulmaal A. Muhith An ASEAN perspective on regional cooperation issues in Asia and the Pacific. . Florian A. Album The South Pacific countries and regionalism Savenaca Siwatibau The political economy of China Anthony M. Tang Developments in Indochina: implications for regional cooperation 229 Ricardo M. Tan Participants of the Symposium on Cooperation in Asia and the Pacific vi Foreword Regional cooperation is based on the premise that countries can achieve certain objectives better through collective than through individual efforts. Among the developing countries of Asia and the Pacific, an awareness of the development virtues of cooperation is quite recent and is still emerging. Although the concrete benefits are as yet quite limited, there is evidence of stronger bilateral economic ties and, in the subregions of the South Pacific, Southeast Asia (ASEAN), and South Asia, a growing sense of common identity. Furthermore, we may soon be seeing new links among the countries of continental East Asia. the extensive involvement of Dr. Seiji Naya and his team at the East-West Center. This volume provides, we hope, adequate evidence of the success of our partnership.
The Asian Development State: An Evaluation
2020
The potential for grave economic collapse at the close of the Second World War left the world in a desperate state. As countries searched for ways to revitalise their economies on both a national and global scale, doubts of the existing economic systems were widespread. Traditional capitalist practices had shown themselves to be repeatedly unsettled by deeply disruptive episodes of immense economic imbalance, demonstrated most profoundly by the Great Depression (Beeson 2007: 143). A leading illustration of how susceptible this period was to the introduction of an alternate approach is the Asian Development State. Termed by Chalmers Johnson, the guiding quality of this state model is an emphasis on governments that actively intervene in economic processes and control the course of development (Wade 1990). Commonly appreciated as the basis of the ‘East Asian Miracle’, the most significant result of this model was its unprecedented rapid development and economic growth (Page, 1994). Th...