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The Dichotomy Between Northeast Asian Capitalism and Southeast Asian Capitalism

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  • Donghyun Park

Abstract

The common success as well as the post-1997 crisis of East Asian countries has led to a widespread tendency to view their economic systems as a homogeneous monolith. In reality, there are significant structural differences among the region's economies, although they do share many strengths and weaknesses. In particular, Northeast Asia and Southeast Asia appear to have followed significantly divergent paths toward development and growth. The main goal of this paper is to elaborate upon those differences to contribute toward a more complete and balanced understanding of East Asian economies.

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  • 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.
    • Handle: RePEc:taf:rjapxx:v:5:y:2000:i:3:p:234-254
    DOI: 10.1080/13547860050175035
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    References listed on IDEAS

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    Cited by:

    1. M Niaz Asadullah & Norma Mansor & Antonio Savoia, 2019. "Explaining a ‘development miracle’: poverty reduction and human development in Malaysia since the 1970s," Global Development Institute Working Paper Series 382019, GDI, The University of Manchester.
    2. 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.

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