In light of the growing global economic importance of East Asia, this book analyzes and compares the extraordinary development paths and strategies of Japan, South Korea, and China. It examines both the factors that enabled these countries' prolonged periods of high-speed economic growth, and the reasons for their subsequent cool-downs. In addition, the book illustrates how their development strategies served as role models for one another, and what current and future developing countries can learn from the East Asian success stories. This book will appeal to scholars and students of economics and development studies with an interest in the East Asian development model.

Analyzes and compares different East Asian development strategies Offers case studies on the development paths of Japan, South Korea, and China Examines the prolonged periods of rapid growth in East Asia

Autorentext

Linda Glawe is a Postdoctoral Researcher at the University of Hagen (Germany). She holds a M.Sc. and doctoral degree (summa cum laude) from the University of Hagen and is a member of the Center for East Asia Macroeconomic Studies. Her research interests include economic growth and development, institutions, digitalization, and East Asian economics. Her work has been published, among others, in Journal of Comparative Economics, China Economic Review, Asian Economic Papers, Comparative Economic Studies, and Journal of Chinese Economic and Business Studies. Prof. Helmut Wagner is a Professor of Economics at the University of Hagen (Germany), Director of the Center for East Asia Macroeconomic Studies (CEAMeS), and Department Director at the Hagen Institute for Management Studies (Macromanagement). He has also held various visiting positions, e.g. at Massachusetts Institute of Technology, Princeton University, University of California, Johns Hopkins University (AICGS), the International Monetary Fund, Bank of Japan (IMES), Hitotsubashi University (Japan), and Xiamen University (China). His work has been published, among others, in Journal of Banking and Finance, Journal of Comparative Economics, Review of International Economics, China Economic Review, and Journal of Economic Integration.

Inhalt
Chapter 1: Introduction.- Chapter 2: Japan's catching up process.- Chapter 3: South Korea's catching up process.- Chapter 4: Chapter 4: The Rise of China.- Chapter 5: The development paths and strategies of Japan, South Korea, and China A Comparison.- Chapter 6: Chapter 6: Current Challenges.