The East Asian Development Model
Economic Growth, Institutional Failure and the Aftermath of the Crisis
Published on 21. June 2000
Book
Hardback
368 pages
978-0-333-92063-3 (ISBN)
Description
At the turn of the millennium, there is much discussion about the failure of East Asian capitalism. The East Asian development model, which built the institutional framework of growth in the region, is blamed along with what once was called the Asian miracle. Along with experts with in-depth knowledge of East Asian economies, Frank-Jürgen Richter presents a book that analyzes the East Asian development model. The contributors identify the causes and consequences of the Asian economic crisis, describe the features of economic development throughout the region, and discuss the strategic responses of Asian firms to newly emerging economic environments. The East Asian Development Model is an essential resource for managers, academics, and politicians.
Reviews / Votes
'...offers both a profound assessment of Asia's economies in difficulties, and sets out...clear prescriptions, which the crisis creates the opportunity to implement...It is an essential read, not just for understanding the turbulence of the last few years which shock the world economy to its core, but for preparing for what may lay ahead.' - Kenneth S. Courtis, Chief Economist and Strategist, Deutsche Bank Group Asia Pacific 'This book is a must-read for those who are involved with Asia. It is well written by contributors who live and breathe in the region.' - Kriengsak Niratpattanasai, Vice President, DBS Thai Danu Bank 'A very good read! Dr Richter successfully offers a set of broad and deep perspectives on East Asia's economic development as well as very insightful strategic options for companies operating in this complicated, fast-changing region.' Edward Tse, Vice President, Booz-Allen & Hamilton 'A balanced and illuminating set of essays about the past and the evolving new premises underlying the development models of post crisis contemporary Southeast Asia, with a particular attention to new directions of the Korean chaebol, the Japanese keiretsu and the Chinese overseas networks. A very important contribution to the understanding of the South East pole of the global economy in the millennium.' - Howard V. Perlmutter, Emeritus Professor of Social Architecture and Management, and Director, Emerging Global Civilization Project, University of Pennsylvania 'This book is a most vivid account of the recent Asian monetary disturbances. I recommend it to statesmen, economists, and all persons having interest in Asian economies.' - Takafusa Nakamura, Professor of Economics, Tokyo University 'The East Asian Development Model is a stimulating, wide-ranging, and ambitious attempt to draw lessons from the Asian financial disaster of the 1990s...Debates about the roots and nature of Asia's economic evolution will continue, but all sides to the debate will find useful material here.' - James Fallows, editor of The Industry Standard '...comprehensive, insightful and intellectually stimulating...required reading for Asian government officials and business leaders already operating or planning to invest in Asia.' - Edgar G. Hotard, President H & J International and retired President and Chief Operating Officer of Praxair Inc. ' This new edited book adds substantially to our knowledge of the East Asian Development Model. Its specialist chapters contribute many useful insights in the recent economic and financial crisis in the region, as well as casting a critical eye over the much of the received wisdom in this area. It can be recommended not only to academics but also to policy-makers and practitioners' - Malcolm Warner, University of Cambridge 'Faced with the global standard argument based on the hegemonic Neo-liberalist ideology, management scholars have to take seriously the issue of whether there is no alternative to the American style politico-economic system. This book is a highly useful material to examine systematically the merits and problems of the Asian development model as a viable alternative.' - Professor Sei Chull Oh, President, The Korean Academic Society of Business AdministrationMore details
Persons
FRANK-JÜRGEN RICHTER is Director for Asia at the World Economic Forum, and has lived, worked and travelled extensively throughout Asia. He has previously held executive management positions with multinational companies, and is a frequent speaker on issues related to Asian economies, international management and global competition.
Content
Economic Development and Crises in East Asia: An Introduction PART 1: THE ASIAN ECONOMIC CRISES Asia's 1997 Crash: Its Character, Causes and Consequences The Institutional Basis of Asia's Economic Crises Political Foundations of Economic Management: An Interpretation of Economic Development and Economic Crisis in East Asia The Asian Economic Crisis? Three Perspectives on the Unfolding Problems in the Global Economy PART 2: VARIANTS OF THE EAST ASIAN DEVELOPMENT MODEL Thailand, Japan and the East Asian Development Model: The Asian Economic Crises in World System Perspective A Reflection of the East Asian Development Model: A Comparison of South Korean and Taiwanese Experiences Dual Sources of the Korean Economic Crisis: Institutional and Organizational Failures and the Structural Transformation of the Korean Economy The Malaysian Variant of the East Asian Development Model Suharto's Tax on Indonesia's Future ASEAN Position in the New Asia Order after the Economic Crisis: Management Strategies of Singapore, 'Present Pain for Future Gain' China's Economic Growth and Transformation: Impacts upon the World Economy Governance, Fertility Transition and Economic Development: Cross-Country Evidence, East Asia and the Case of China PART 3: STRATEGIC RESPONSES OF ASIAN FIRMS Successful Strategies in Post-Crises Asia New Development Model for a Post-Matured Japanese Industrial Sector Restructuring Asian Network Groups: Managing Around Core Competencies as Way Out of the Crises