Rethinking the East Asian miracle

By Joseph E. Stiglitz, Shahid Yusuf. 2001

410 citations recorded by the source corpus.

Initially, the intention of this book's work, was to take a fresh look at East Asia's regional experience during the 1990s, and to expand, and revise as necessary the findings of the World Bank's "East Asian Miracle", (published in 1993). However, while work began in 1997 - when the East Asian crisis was only a small, localized cloud over Thailand - the seriousness of the crisis demonstrated the need to bring together a number of different perspectives on key aspects of the East Asian model, and its several country variants. The book assesses the evolving experience with industrial policies, in the forms implemented by individual countries in the region, examines in depth how the Chinese experience meshes with those of other economies in the region - a dimension absent in the "East Asian Miracle" - and, the rich evidence from the 1990s, casts new light on the relative contribution of export-led policies, and of import liberalization to growth, while helping to clarify key issues that influence the choices of exchange rate policies. Taking into account the realization that understanding the East Asian development requires admittance of the political economy of change, of governance, and of the roles of key institutions, the contributors to this book, considered each of these carefully, and offer an economic kaleidoscope on East Asia that is deep, and analytically rigorous.

Subfields: Political Science and International Relations, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/c07e11b06749ff6517b354d6dfd9a37bbfe17827

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Citations in the corpus

Global commodity chains and endogenous growth: Export dynamism and development in Mexico and Honduras (2006, background): “…the development of local manufacturers are largely missing from Latin America’s adoption of the export-oriented model, although this type of support was a critical ingredient enabling the East Asian success story that the region has been trying to emulate (Stiglitz & Yusuf, 2001; Wade, 1990).”
Technology , globalization , and international competitiveness : Challenges for developing countries (2007, background): “See Stiglitz and Yusuf (2001) for an updated view of the East Asian miracle.”
National policies that connect ICT-based education reform to economic and social development (2005, background): “This reassertion emerged in large part as a result of an analysis of the role of state policy in the development and endurance of the " East Asian Miracle " (Jomo, 2001; Stiglitz & Yusuf, 2001).”
Regional Development in China: Transitional Institutions, Embedded Globalization, and Hybrid Economies (2007, neutral): “Thus, there is a genuine need to revitalize regional geography and improve the dialogue between regional and systematic geographers in order to heighten awareness of the rest of the world and increase geography’s impact on the 1Associate Professor, Department of Geography, University of Wisconsin–Mi”