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Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
"Apart from being a sincere and rigorous descriptive analysis of the economic development paths of Korea and Taiwan, the book’s exploratory findings offer a number of revealing insights. These often extend beyond the domain of empirical economics and resonate on the socio-political characters of both countries".
—The University of British Columbia
Introduction; Part I: Studies of Emerging East Asian Economies – Taiwan and Korea; 1. Some Development Indicators of Taiwan – A Comparative Study of East Asia in the Early Postwar Period; 2. Capital Flows and Exchange Rates during the Asian Financial Crisis – Recent Korean and Taiwanese Experiences and Challenges; 3. Productivity Growth in Newly Developed Countries – The Case of Korea and Taiwan (with Changsuh Park); 4. Korean and Taiwanese Productivity Performance – Comparisons at Matched Manufacturing Levels (with Changsuh Park); 5. Colonialism, Learning and Convergence – A Comparison of India and Taiwan. Part II Catching Up and Convergence in East Asian Economic Growth; 6. Miracle or Myth of Asian NICs’ Growth – The Irony of Numbers; 7. “Miracle Growth” in the Twentieth Century – International Comparisons of East Asian Development; 8. Catching Up and Convergence – On the Long-run Growth in East Asia; 9. Epilogue – From Emerging East Asia to an Asia-Centered World Economy. Index.