Advanced Search
MyIDEAS: Login to save this article or follow this journal

The East Asian Economic Model Bears Bitter Fruit

Contents:

Author Info

  • Zhu Qigui
Registered author(s):

    Abstract

    The connotations of the East Asian economic model may be discussed on the basis of three aspects. First, it is the concept of a market-economy management method as represented by Japan, a sort of market economy of the government-guided pattern (>i>zhengfu zhudao xing de shichang jingji tizhi>/i>). Second, it is the concept of a market-economy development orientation (>i>shichang jingji fazhan daoxiang>/i>), a kind of outward-oriented economy with foreign trade growth as its guiding mechanism. Third, it places extremely great importance on the productive forces, especially on those of the mother country. Japan's modernization began with traditional industries and step by step developed toward the high-end technology and information industries that created a large number of world-class enterprises and brand names. The same thing goes for South Korea. In these three respects, the first connotation is subordinate to the second; in other words, the market economy of the government-guided pattern serves the strategy of the outward-oriented economy. And the first and second connotations both exist in terms of the third connotation; in other words, the market economy of the government-guided pattern and the outward-oriented economic strategy both serve the development of the domestic forces of production. Proof of this is the strategy that stipulates the build up of the nation by means of technology put forward by Japan in the 1980s and the strategy that stipulates the build up of the nation by means of science and technology formulated by South Korea in the early 1990s. Hence, the chief characteristic of the East Asian economic model is that the government plays a most important and guiding role in economic operations and development.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://mesharpe.metapress.com/link.asp?target=contribution&id=X3LL527Q722N4078
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by M.E. Sharpe, Inc. in its journal Chinese Economy.

    Volume (Year): 32 (1999)
    Issue (Month): 1 (January)
    Pages: 82-87

    as in new window
    Handle: RePEc:mes:chinec:v:32:y:1999:i:1:p:82-87

    Contact details of provider:
    Web page: http://mesharpe.metapress.com/link.asp?target=journal&id=110901

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:mes:chinec:v:32:y:1999:i:1:p:82-87. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Nguyen).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.