Capitalist Development and Economism in East Asia The Rise of Hong Kong Singapore Taiwan and South Korea Routledge Studies in Growth Economies of Asia 1st Edition by Kui Wai Li – Ebook PDF Instant Download/Delivery:9780415268738, 0415268737
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ISBN 10: 0415268737
ISBN 13: 9780415268738
Author: Kui-Wai Li
Taking a conceptual approach, this book studies the economic development of the four East Asian economies since 1950. The author summarizes and reconsiders many of the arguments and findings that supported and explained the economic ‘miracles’ of Hong Kong, Singapore, Taiwan and South Korea, analysing the relationship between economic development, growth and political economy.This pioneering book will stimulate further analysis of East Asian development. It will be of essential interest to scholars in East Asian economics, and all those interested in modern economic development.
Capitalist Development and Economism in East Asia The Rise of Hong Kong Singapore Taiwan and South Korea Routledge Studies in Growth Economies of Asia 1st Table of contents:
1 Economism and Development
- 1.1 The Paradigm of Economism
- 1.2 The Economic Pie and its Distribution
- 1.3 Inequality and Poverty
- 1.4 Economic Versus Social Security
- 1.5 The Government and Tax Elasticity
- 1.6 The Economy in Politics
- 1.7 Structure of Chapters
2 The Expansion of the East Asian Economic Pie
- 2.1 The Economic Perspectives of the Four Dragons
- 2.2 Initial Conditions and Post-War Income Cycles
- 2.3 Fixed Capital Formation and the Private Sector
- 2.4 Industries: Structure, Growth, and Strategies
- Hong Kong
- Taiwan
- South Korea
- Singapore
- 2.5 Trade
- Hong Kong
- Taiwan
- Singapore
- South Korea
- 2.6 Foreign Direct Investment
- 2.7 Conclusion
3 Growth, Inequality, and the Survival Cost
- 3.1 Introduction
- 3.2 Growth and Equality
- 3.3 Measurement of Inequality
- 3.4 Reduction in Poverty Versus Reduction in Inequality
- 3.5 Poverty Reduction: The East Asian Approach
- Social Welfare Provisions
- Hong Kong
- Singapore
- Taiwan
- South Korea
- Public Housing and Land Reform
- Hong Kong
- Singapore
- Taiwan
- South Korea
- Social Welfare Provisions
- 3.6 The Survival Cost Concept
- 3.7 Conclusion
4 Economic Fertilizer and the Government
- 4.1 Introduction
- 4.2 The Government and the Market
- Hong Kong
- Singapore
- Taiwan
- South Korea
- 4.3 The Government and Industrialization
- Hong Kong
- Singapore
- Taiwan
- South Korea
- 4.4 The Government and Fiscal Policy
- Hong Kong
- Singapore
- Taiwan
- South Korea
- 4.5 Public Utilities and Infrastructure
- Hong Kong
- Singapore
- Taiwan
- South Korea
- 4.6 The Metaphor of Fertilizers, Pillars and Carpets
- Fertilizers
- Pillars
- Carpets
- 4.7 Tax Incentives Versus Credit Provisions
- 4.8 Conclusion
5 The External Dimension: A Necessary Condition
- 5.1 The Role of the External Sector
- 5.2 Trade and Foreign Direct Investment
- 5.3 Changing Comparative Advantage
- Hong Kong: From Exports to Services
- Singapore: Trade and Foreign Investment Dependent
- Taiwan: A Narrow Externally Oriented Economy
- Korea: Emphasis on Heavy Industry and Domestic Capacity
- 5.4 A Necessary or Sufficient Condition?
- 5.5 Conclusion
6 The Law of First Opportunity in Economic Growth
- 6.1 Introduction
- 6.2 Capital Accumulation
- 6.3 Total Factor Productivity: The East Asian Experience
- 6.4 The Two Debates and the Law of First Opportunity
- 6.5 The Nominal Versus the Real Economy
- 6.6 Endogenous Growth, Endogenous Development
- 6.7 Conclusion
7 Economism and Political Regimes
- 7.1 Introduction
- 7.2 Democracy and Economic Development
- 7.3 The Siege Mentality and Political Reality
- Hong Kong
- Singapore
- Taiwan
- South Korea
- 7.4 The Politics of Economic Growth
- 7.5 Economic Freedom
- 7.6 Political Change or Endogenous Democracy?
- 7.7 Conclusion
8 The Asian Financial Crisis
- 8.1 Introduction
- 8.2 The Two Phases of the Crisis
- 8.3 Theoretical Explanations of Financial Crisis
- 8.4 South Korea: The Excess Capacity Hypothesis
- 8.5 Implications for Economic Development
- Protectionism and Competition
- A Leapfrogging Goose?
- Sustainability from the Real Sector
- 8.6 The End of Economism?
9 A Challenge to Economism: Hong Kong’s Sovereignty Reversion
- 9.1 Introduction
- 9.2 The Sino-British Negotiations
- 9.3 Economic Opportunities and the Growth Scenario
- 9.4 The Wealth Effect and the Short-Term Investment Hypothesis
- 9.5 Industries and Services: A Shrinking Real Economy?
- 9.6 The Real Estate Sector and Economic Narrowness
- 9.7 Competitiveness and the Wage-Price Spiral
- 9.8 The Post-Olympic Syndrome
- 9.9 Economic Dilemmas and Restructuring Strategies
- Economic Dilemmas
- Economic Strategies
- Economic Restructuring
- 9.10 Testing Economism
- 9.11 Conclusion
10 Asia Is No Miracle
- 10.1 Economism: The Emerging Paradigm
- 10.2 Capitalism, Socialism and Economism
- 10.3 The Next Phase of East Asian Development
- 10.4 What Do the Critics Say?
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