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Postwar Development in the Asian NICs: Does the Neoliberal Model Fit Reality?

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  • John Brohman

Abstract

Neoliberal explanations of development in the Asian newly industrializing countries (NICs) typically overlook a number of key factors, including the activist role of the state, the emphasis on inward-oriented as well as outward-oriented development, and the unusual advantages offered by particular geographic and historical conditions. Rather than conforming to the neoliberal model of free trade and laissez-faire, the Asian NICs more closely resemble guided market economies in which an activist state has pursued policies of economic nationalism and classical Listian mercantilism. This raises doubts not only about the neoliberal depiction of NIC development, but also about the appropriateness and transferability of the neoliberal model of NIC development for other Third World countries.

Suggested Citation

  • John Brohman, 1996. "Postwar Development in the Asian NICs: Does the Neoliberal Model Fit Reality?," Economic Geography, Taylor & Francis Journals, vol. 72(2), pages 107-130, April.
    • Handle: RePEc:taf:recgxx:v:72:y:1996:i:2:p:107-130
    DOI: 10.2307/144262
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    Cited by:

    1. Paul Burkett & Martin Hart-Landsberg, 2000. "Alternative Perspectives on Late Industrialization in East Asia: A Critical Survey," Review of Radical Political Economics, Union for Radical Political Economics, vol. 32(2), pages 222-264, June.
    2. Shujie Yao & Zongyi Zhang, 2003. "Openness and Economic Performance: A Comparative Study of China and the Asian NIEs," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 1(1), pages 71-95.
    3. Calixto Salomão Filho, 2015. "Monopolies and Underdevelopment," Books, Edward Elgar Publishing, number 16587.
    4. Lee Yong-Shik, 2018. "Law and Development: Lessons from South Korea," The Law and Development Review, De Gruyter, vol. 11(2), pages 433-465, December.
    5. Deshmukh, Ranjit & Bharvirkar, Ranjit & Gambhir, Ashwin & Phadke, Amol, 2012. "Changing Sunshine: Analyzing the dynamics of solar electricity policies in the global context," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(7), pages 5188-5198.
    6. Tshepo T. Gwatiwa, 2012. "The Dark Spots in the Japan-Africa Political Economy," Insight on Africa, , vol. 4(1), pages 69-86, January.
    7. Joseph Nathan Cohen & Miguel Angel Centeno, 2006. "Neoliberalism and Patterns of Economic Performance, 1980-2000," The ANNALS of the American Academy of Political and Social Science, , vol. 606(1), pages 32-67, July.
    8. Yehua Dennis Wei, 2002. "Beyond the Sunan Model: Trajectory and Underlying Factors of Development in Kunshan, China," Environment and Planning A, , vol. 34(10), pages 1725-1747, October.
    9. Shujie Yao, 2006. "On economic growth, FDI and exports in China," Applied Economics, Taylor & Francis Journals, vol. 38(3), pages 339-351.
    10. Lee Yong-Shik, 2019. "Political Governance, Law, and Economic Development," The Law and Development Review, De Gruyter, vol. 12(3), pages 723-759, October.
    11. Cohen, Joseph N. & Centeno, Miguel A., 2006. "Neoliberalism and patterns of economic performance: 1980 to 2000," MPRA Paper 22436, University Library of Munich, Germany.
    12. Roger Hayter & Sun Sheng Han, 1998. "Reflections on China's Open Policy Towards Foreign Direct Investment," Regional Studies, Taylor & Francis Journals, vol. 32(1), pages 1-16.

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