Section Four: Asian Economies

Class 11. Japan (Feb 25)

Chapter 10, "Japan"

For an up-to-date analysis see the IMF Report "Japan: Selected Issues," especially sections IV, V, VI which deal with the critical aspects of the financial sector and corporate governance.

Other Japan links.

 

Notes


Class 12. The Republic of Korea (Feb 27)

Chapter 11, "The Republic of Korea"

See also the IMF report on "Korea: Selected Issues," which deals almost exclusively with the prospects for the reform of the chaebol system.

Other Korea links.

 

Notes


Class 13. The People's Republic of China (March 4)

Chapter 12, "The People's Republic of China"

China links.

CIA page

 

Notes


14. Some other Asian Economies (Mar 25)

Chapter 13, "Other Tigers: Singapore, Taiwan, Indonesia"

15. The Nature of the Asian Miracles (Mar 27)

Chapter 14, "The Nature of the Asian Miracles"

Rodrik, Dani, "King Kong Meets Godzilla: The World Bank and the East Asian Miracle" (File)

Young, Alwyn, "Lessons from the East Asian NICS: A contrarian view" (File)

Crafts, Nicholas "East Asian Growth Before and After the Crisis."

The World Bank analysis of the causes of, and prospects for recovery from the "Asian Crisis" can be found in East Asia the Road to Recovery.

The IMF view is given of the crisis and its causes was given by its Director General Michel Camdessus in "The Economic and Financial Situation in Asia: Latest Developments"(Jan 16, 1999)

 

Notes