IDEAS home Printed from https://ideas.repec.org/p/soa/wpaper/82.html
   My bibliography  Save this paper

From East to West Asia: Lessons of Globalization, Crisis and Economic Reform

Author

Listed:
  • Hassan Hakimian

    (Department of Economics, SOAS University of London, UK)

Abstract

Until the onset of the Asian crisis, East Asia’s economic successes were considered with much admiration and spoke favourably of the experience of globalization in the developing regions. The Asian ‘model’ inspired and informed key debates on development policy and was a common point of reference for liberalization and outward-oriented economic policies, which the development orthodoxy has strongly advocated since the early 1980s.

Suggested Citation

  • Hassan Hakimian, 1998. "From East to West Asia: Lessons of Globalization, Crisis and Economic Reform," Working Papers 82, Department of Economics, SOAS University of London, UK, revised 2000.
  • Handle: RePEc:soa:wpaper:82
    as

    Download full text from publisher

    File URL: https://www.soas.ac.uk/sites/default/files/2022-10/economics-wp082.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ito, Takatoshi & Krueger, Anne O. (ed.), 1995. "Growth Theories in Light of the East Asian Experience," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386706, April.
    2. Johnson, Chalmers, 1998. "Economic Crisis in East Asia: The Clash of Capitalisms," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(6), pages 653-661, November.
    3. Anne O. Krueger, 1995. "East Asian Experience and Endogenous Growth Theory," NBER Chapters, in: Growth Theories in Light of the East Asian Experience, pages 9-36, National Bureau of Economic Research, Inc.
    4. Mohamed A. El-Erian & Manmohan S. Kumar, 1995. "Emerging Equity Markets in Middle Eastern Countries," IMF Staff Papers, Palgrave Macmillan, vol. 42(2), pages 313-343, June.
    5. Bernard Hoekman, 1998. "The World Trade Organization, the European Union, and the Arab World: Trade Policy Priorities and Pitfalls," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Prospects for Middle Eastern and North African Economies, chapter 4, pages 96-129, Palgrave Macmillan.
    6. Dani Rodrik, 1998. "Has Globalization Gone Too Far?," Challenge, Taylor & Francis Journals, vol. 41(2), pages 81-94, March.
    7. Takatoshi Ito & Anne O. Krueger, 1995. "Introduction to "Growth Theories in Light of the East Asian Experience, NBER-EASE volume 4"," NBER Chapters, in: Growth Theories in Light of the East Asian Experience, NBER-EASE Volume 4, pages 1-6 National Bureau of Economic Research, Inc.
    8. E. Mick Riordan & Uri Dadush & Jalal Jalali & Shane Streifel & Milan Brahmbhatt & Kazue Takagaki, 1998. "The World Economy and its Implications for the Middle East and North Africa, 1995–2010," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Prospects for Middle Eastern and North African Economies, chapter 2, pages 15-46, Palgrave Macmillan.
    9. Steven Radelet & Jeffrey D. Sachs, 1998. "The East Asian Financial Crisis: Diagnosis, Remedies, Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 1-90.
    10. Joseph E. Stiglitz, 1999. "More instruments and broader goals: moving toward the Post-Washington Consensus," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(1), pages 101-128.
    11. John Page, 1998. "From Boom to Bust — and Back? The Crisis of Growth in the Middle East and North Africa," Palgrave Macmillan Books, in: Nemat Shafik (ed.), Prospects for Middle Eastern and North African Economies, chapter 5, pages 133-158, Palgrave Macmillan.
    12. Chang, Ha-Joon & Palma, Gabriel & Whittaker, D Hugh, 1998. "The Asian Crisis: Introduction," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(6), pages 649-652, November.
    13. Takatoshi Ito & Anne O. Krueger, 1995. "Growth Theories in Light of the East Asian Experience," NBER Books, National Bureau of Economic Research, Inc, number ito_95-2.
    14. Jason Furman & Joseph E. Stiglitz, 1998. "Economic Crises: Evidence and Insights from East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 1-136.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Singh, Ajit, 1999. "Global economic trends, development and social policy at Copenhagen plus five," MPRA Paper 53557, University Library of Munich, Germany.
    2. Chi‐Wa Yuen, 1998. "The Fifth Asian Dragon: Sources Of Growth In Guangdong, 1979–1994," Contemporary Economic Policy, Western Economic Association International, vol. 16(1), pages 1-11, January.
    3. Ajit Singh, 1998. "Savings, investment and the corporation in the East Asian miracle," Journal of Development Studies, Taylor & Francis Journals, vol. 34(6), pages 112-137.
    4. Thanasis Stengos & Aurangzeb Aurangzeb, 2008. "An empirical investigation of the relationship between education and growth in Pakistan," International Economic Journal, Taylor & Francis Journals, vol. 22(3), pages 345-359.
    5. Sorin-George Toma, 2019. "Learning From The Asian Tigers: Lessons In Economic Growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 63-69, June.
    6. Y. Wu, 1997. "Productivity & Efficiency: Evidence from the Chinese regional economies," Economics Discussion / Working Papers 97-18, The University of Western Australia, Department of Economics.
    7. Sharmistha Self & Richard Grabowski, 2008. "Examining The Link Between Japan'S Development And Education Of Females," Pacific Economic Review, Wiley Blackwell, vol. 13(3), pages 279-288, August.
    8. Tsun Se Cheong & Yanrui Wu, 2013. "Globalization and Regional Inequality," Economics Discussion / Working Papers 13-10, The University of Western Australia, Department of Economics.
    9. Debi Prasad Bal & Devi Prasad Dash & Bibhudutta Subhasish, 2016. "The Effects of Capital Formation on Economic Growth in India: Evidence from ARDL-bound Testing Approach," Global Business Review, International Management Institute, vol. 17(6), pages 1388-1400, December.
    10. Fleisher, Belton & Li, Haizheng & Zhao, Min Qiang, 2010. "Human capital, economic growth, and regional inequality in China," Journal of Development Economics, Elsevier, vol. 92(2), pages 215-231, July.
    11. Singh, Ajit, 1996. "Catching up with the West: a perspective on Asian economic development," MPRA Paper 53993, University Library of Munich, Germany.
    12. Harry X. Wu, 2011. "Rethinking China's Path of Industrialization," WIDER Working Paper Series wp-2011-076, World Institute for Development Economic Research (UNU-WIDER).
    13. Syed Hasan & H. Allen Klaiber & Ian Sheldon, 2020. "The impact of science parks on small- and medium-sized enterprises’ productivity distributions: the case of Taiwan and South Korea," Small Business Economics, Springer, vol. 54(1), pages 135-153, January.
    14. Wei Chi & Xiaoye Qian, 2010. "The role of education in regional innovation activities: spatial evidence from China," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(4), pages 396-419.
    15. Ajit, Singh, 1998. "'Asian capitalism' and the financial crisis," MPRA Paper 24937, University Library of Munich, Germany.
    16. Rodrigo, G. Chris & Thorbecke, Erik, 1997. "Sources of growth: A reconsideration and general equilibrium application to Indonesia," World Development, Elsevier, vol. 25(10), pages 1609-1625, October.
    17. repec:nrb:wpaper:nrbwp182013 is not listed on IDEAS
    18. Prakash Kumar Shrestha, 2013. "Economic development in South and East Asia: empirical examination of East Asian Development Model," Asia-Pacific Development Journal, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), vol. 20(2), pages 1-28, December.
    19. Yanrui Wu, 2008. "The role of productivity in China's growth: new estimates," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 6(2), pages 141-156.
    20. Sadequl Islam, 1996. "Persistence of economic growth and its determinants: some evidence for South Korea and India," Applied Economics Letters, Taylor & Francis Journals, vol. 3(1), pages 53-54.
    21. Wu, Harry X., 2011. "Rethinking China.s Path of Industrialization," WIDER Working Paper Series 076, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:soa:wpaper:82. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chandni Dwarkasing (email available below). General contact details of provider: https://edirc.repec.org/data/desoauk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.