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About the Book Today East Asia is the richest part of the world outside the old industrial centres of Western Europe and North America. Despite political authoritarianism, human rights violations, corruption, repression of labour unions, gender discrimination and mistreatment of ethnic minorities, the citizens of the East Asian economies have experienced improvements in income and general well-being unparalleled in human history. In this book, Ha-Joon Chang provides a fresh analysis of this spectacular growth. He considers East Asian economies’ unorthodox methods, and their rejection of ‘best practice’ and so-called Washington Consensus policies. East Asia, he claims, can teach us much about the whole process of economic development. Full of new facts and policy suggestions, this is a lively unconventional introduction to a global phenomenon. ABOUT THE AUTHOR HA-JOON CHANG is the Reader in the Political Economy of Development at the Faculty of Economics, University of Cambridge. His main research interests include theories of state intervention; institutional economics; industrial, trade and technology policies; and economic development in historical perspective. He has been a consultant to many UN organizations such as UNCTAD, UNDP, UNIDO and WIDER, as well as the World Bank and Asian Development Bank. His recent books include Kicking Away the Ladder – Development Strategy in Historical Perspective (2003) and Reclaiming Development - An Alternative Economic Policy Manual (2004, with Ilene Grabel). He is the winner of the 2003 Gunnar Myrdal Prize and the 2005 Wassily Leontief Prize. Contents Acknowledgements Introduction Part 1: Overview of the Debate on East Asian Development Experience Chapter 1: The East Asian Model of Economic Policy Part II: Interpretation of the East Asian Miracle Chapter 2: The Political Economy of Industrial Policy in Korea Chapter 3: Explaining ‘Flexible Rigidities’ in East Asia Chapter 4: How Important were the ‘Initial Conditions’ for Economic Development? East Asia vs. Sub-Saharan Africa Part III: 1997 Asian Financial Crisis and its Implications Chapter 5: The Hazard of Moral Hazard – Untangling the Asian Cisis Chapter 6: Interpreting the Korean Crisis – Financial Liberalisation, Industrial Policy and Corporate Governence Part IV: Looking into the Future of East Asia Chapter 7: Industrial Policy and East Asia – The Miracle, the Cisis and the Future Chapter 8: The Triumph of the Rentiers? Chapter 9: Evaluating the Post-Crisis Corporate Restructuring in Korea How to Order the Book Visit our TWN Online Bookshop or contact Third World Network at 131 Jalan Macalister, 10400 Penang, Malaysia. Tel: 604-2266159 Fax: 604-2264505 Email for further information. |
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