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Frank-Jürgen Richter

The East Asian Development Model: Economic Growth, Institutional Failure and the Aftermath of the Crisis

by Frank-Jurgen Richter (Editor)

4.5 3 ratings

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The Asian Economic Crisis and the following economic meltdown have raised new questions about the role of industrial policy in Asian Economic growth and the best mix of policies to insure the survival of economic growth. Bringing together the work of development economics experts, this book looks at the role of industrial policy in East Asian development and the challenge of the economic meltdown. The book aims to guide governments and firms to manage strategically through and beyond the present crisis.

ISBN-10

0312233051
ISBN-13

978-0312233051
Publisher

Palgrave Macmillan
Publication date

September 16, 2000
Language

English
Dimensions

6 x 0.75 x 8.75 inches
Print length

349 pages
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4.5 out of 5

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Yoon S. Kim

A valuable resource on Asian capitalism

Reviewed in the United States on August 25, 2000

Over the last decades of economic growth , and then crisis in East Asia, there have been surely mistakes, but there were also many features done right. This book discusses the ingredients of the Asian model, its merits and its flaws. The contributors first review the Asian economic crisis. They then describe the variants of economic development models in East Asia. A last section looks into the strategic responses of Asian firms. A very balanced and rich account of Asian capitalism. I enjoyed to read it.

6 people found this helpful

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Oliver Ng

Beyond platitudes of capitalism

Reviewed in the United States on September 12, 2000

The 'Asian model' has many flaws: authoritarian leadership, rigid planning, intransparent decision making, etc. But economic thinking of the conventional kind rarely gets beyond platitudes about US-style capitalism. Conventional capitalism is not perfect as it is. The result is exaggerated individualism and too little cooperation. The essays in this book try to search for an alternative model between US-style market mediation and (old-fashioned) Asian capitalism. The book is accessible to, and deserves to be read by, a wide readership inside and outside of economics.

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Takuhiro Yamamoto

Asian models of governance

Reviewed in the United States on July 22, 2000

The institutional approach to the East Asian economic crisis is certainly a novel one. A good read, this book provides a wealth of background information about Asian models of governance.

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The East Asian Development Model: Economic Growth, Institutional Failure and the Aftermath of the Crisis

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