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Asian Capitalism: Beijing Consensus as an Economic Development Model for the 21st Century

In: Asian Responses to the Global Financial Crisis

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  • Edward K.Y. Chen

Abstract

The expert contributors – both Asian and Western – illustrate that as G20 members, many Asian countries are now able to showcase their increasing powers and influence on global issues. Within this context, and via multidisciplinary economic and political science perspectives, the book deals with various issues such as World System analysis, the debate between the Washington Consensus and the Beijing Consensus, roles within the G20, and the contribution of ‘middle’ powers such as Korea and Australia. The application of European experiences to Asia is also considered, as are perspectives from the US. The book concludes that the key to resolving the current global economic crisis lies in how quickly a new global governance and monitoring system can be constructed, and that there are multiple roles for Asian countries to play in its development.

Suggested Citation

  • Edward K.Y. Chen, 2012. "Asian Capitalism: Beijing Consensus as an Economic Development Model for the 21st Century," Chapters, in: Jehoon Park & T. J. Pempel & Geng Xiao (ed.), Asian Responses to the Global Financial Crisis, chapter 3, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14860_3
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    References listed on IDEAS

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    1. Donghyun Park, 2000. "The Dichotomy Between Northeast Asian Capitalism and Southeast Asian Capitalism," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 5(3), pages 234-254.
    2. Edward K. Y. Chen, 1979. "Hyper-growth in Asian Economies," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04251-7.
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