Economic Development of Emerging East Asia

Catching Up of Taiwan and South Korea

By (author) Frank S.T. Hsiao, Mei-Chu Wang Hsiao

Publication date:

27 September 2017

Publisher

Anthem Press

Dimensions:

229x153mm
6x9"

ISBN-13: 9781783086870

Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.

Introduction; Part I: Studies of Emerging East Asian Economies – Taiwan and Korea; 1. Some Development Indicators of Taiwan – A Comparative Study of East Asia in the Early Postwar Period; 2. Capital Flows and Exchange Rates during the Asian Financial Crisis – Recent Korean and Taiwanese Experiences and Challenges; 3. Productivity Growth in Newly Developed Countries – The Case of Korea and Taiwan (with Changsuh Park); 4. Korean and Taiwanese Productivity Performance – Comparisons at Matched Manufacturing Levels (with Changsuh Park); 5. Colonialism, Learning and Convergence – A Comparison of India and Taiwan. Part II Catching Up and Convergence in East Asian Economic Growth; 6. Miracle or Myth of Asian NICs’ Growth – The Irony of Numbers; 7. “Miracle Growth” in the Twentieth Century – International Comparisons of East Asian Development; 8. Catching Up and Convergence – On the Long-run Growth in East Asia; 9. Epilogue – From Emerging East Asia to an Asia-Centered World Economy. Index.

“Professors Frank and Mei-Chu Hsiao provide us with a comprehensive and concise volume on the comparative developments in Korea and Taiwan as the role models of successful development. It is a rich collection from their rigorous research in emerging East Asian economies in the past quarter century […] This book not only significantly contributes to development economics literature and Asian study, but also offers some important lessons for many practitioners in developing countries to further develop their economies.”
—Peter C. Y. Chow, Professor of Economics and Asian Studies, City University of New York, USA