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Prepared By Prof Alvin So1 SOSC 188 Lecture 21 Theories of East Asian Development
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Prepared By Prof Alvin So2 The Rise of East Asia after World War II The Market Perspective The Cultural Perspective The Statist Perspective The World-Systems Analysis
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Prepared By Prof Alvin So3 The Rise of East Asia Before WWII, East Asian states were just another backward third world states devastated by colonialism and war 1960s – the rise of Japan 1970s – the NIEs (the 4 little dragons) 1980s – the 4 little tigers 1990s – the rise of China
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Prepared By Prof Alvin So4 The Market Perspective What explains East Asian development? export-led industrialization: engage in world market competition through niche development Why export? free (labor & capital) markets in the private sector Policy implications: Promote Globalization invite transnational corporations to “come in” and domestic corporations to “go out”
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Prepared By Prof Alvin So5 The Cultural Perspective What explains East Asian development? Asian Confucianism has values conducive to development (education, family, personal relationship, committed civil servants) Policy implications: invest in education & justify authoritarianism
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Prepared By Prof Alvin So6 The Statist Perspective What explains East Asian development? developmental state focuses only on development, used carrots (subsides & tax incentives) and sticks (punishment & disciplines), bureaucratic autonomy & good state-business relationship Policy implications: justify state intervention in the economy
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Prepared By Prof Alvin So7 The World-Systems Analysis What explains East Asian development? Go beyond the nation (state analysis) to look into w orld-system dynamics and regional geopolitics Examine such processes as incorporation into the world system, regionalization, the Cold War, the Japanese flying geese, China’s national reunification project
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