Abstract
Exceptionally high growth performances of East Asian economies in the past several decades have been amply documented (e.g., P. Kuznets, 1988; Wade, 1990, chapter 2; World Bank, 1993). The task of this conference volume is to identify the institutional structure underlying those performances with respect to how unique or general it is in the world development context and to what aspects the East Asian model (if it is a coherent economic system distinguishable from others) will be applicable to development of the Third World.
This paper draws heavily on chapters 5, 6, 8, 9. and 10 of Hayami (1997).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Abramovitz, M. (1956) ‘Resources and Output Trends in the United States since 1870’, American Economic Review, vol. 46, Supplement no. 2, pp. 5–23.
Abramovitz, M. (1993) ‘The Search for the Sources of Growth: Area of Ignorance, Old and New’, Journal of Economic History, vol. 53, no. 2, pp. 217–43.
Akamatsu, K. (1962) ‘A Historical Pattern of Economic Growth in Developing Countries’, Developing Economies, vol. 1, no. 1, pp. 3–25.
Alesina, A. and D. Rodrik (1994) ‘Distributive Policies and Economic Growth’, Quarterly Journal of Economics, vol. 109, no. 1, pp. 465–90.
Amsden, A. (1989) Asia’s Next Giant: South Korea and Late Industrialization (New York: Oxford University Press).
Anderson, K. and Y. Hayami with G. Aurelia (1986) The Political Economy of Agricultural Protection (Sydney: Allen & Unwin).
Aoki, M. (1988) Information, Incentives, and Bargaining in the Japanese Economy (Cambridge, UK: Cambridge University Press).
Aoki, M. and R. Dore (1994) The Japanese Firm: Sources of Comparative Strength (Oxford: Oxford University Press).
Aoki, M. and H. Patrick (eds) (1994) The Japanese Main Bank System: Its Relevance for Developing and Transforming Economies (Oxford: Oxford University Press).
Asanuma, B. (1985) ‘Organization of Parts Purchases in the Japanese Automobile Industry’, Japanese Economic Studies, vol. 13, no. 4 (Summer) pp. 32–53.
Balassa, B. (1988) ‘The Lessons of East Asian Development: An Overview’, Economic Development and Cultural Change, vol. 36, no. 3, Supplement, pp. S273–90.
Bank of Japan (Annual) Honpo Keizai Tokei Nenpo [Economic Statistics Annual] Tokyo.
Bates, R.H. (1981) Markets and States in Tropical Africa (Berkeley: University of California Press).
Bates, R.H. (1983) Essays on the Political Economy of Rural Africa (Cambridge, UK: Cambridge University Press).
Bedeski, R.E. (1981) State Building in Modern China: The Kuomintang in the Prewar Period (Berkeley: Institute of East Asian Studies, University of California).
Bell, D. (1973) The Coming of Post-Industrial Society (New York: Basic Books).
Benedict, R. (1946) The Chrysanthemum and the Sword: Patterns of Japanese Culture (Boston: Houghton Mifflin).
Boeke, J.H. (1953) Economics and Economic Policy of Dual Societies as Exemplified by Indonesia (New York: Institute of Pacific Relations).
Cameron, R. with the collaboration of O. Crisp, H. Patrick, and R. Tilly (1967) Banking in the Early Stages of Industrialization (New York: Oxford University Press).
Cho, Y. (1991) ‘Jukyo to Shihonshugi no Kakawari’ [Relationship between Confucianism and Capitalism], in Y. Mizoguchi and M. Nakajima, (eds), Jukyo Renaissance o Kangaeru [Thinking about the Renaissance of Confucianism] (Tokyo: Daishukan Shoten), pp. 121–35.
De Bary, W.T., W.T. Chang and B. Watson (comp.) (1964) Sources of Chinese Tradition (New York: Columbia University Press).
Embree, J.F. (1950) ‘Thailand — A Loosely Structured Social System’, American Anthropologist, vol. 52, no. 2, pp. 181–93.
Geertz, C. (1963) Peddlers and Princes (Chicago: University of Chicago Press).
Gerschenkron, A. (1962) Economic Backwardness in Historical Perspective (Cambridge, MA: Harvard University Press).
Hayami, Y. (1988) Japanese Agriculture under Siege (New York: St Martin’s Press).
Hayami, Y. (1996) ‘A Commentary on the “East Asia Miracle”: Are there Lessons to be Learned?’, Journal of Japanese and International Economies, vol. 10, no. 3, pp. 318–25.
Hayami, Y. (1997) Development Economics: From Poverty to the Wealth of Nations (Oxford: Clarendon Press).
Hayami, Y. and J. Ogasahara (1995) ‘The Kuznets versus the Marx Pattern in Modern Economic Growth: A Perspective from the Japanese Experience’, Department of Agricultural, Resource and Management Economics Working Paper, no. WP 95-13 (Ithaca, New York: ARME, Cornell University).
Hayami, Y. and T. Kawagoe (1993) The Agrarian Origins of Commerce and Industry: A Study of Peasant Marketing in Indonesia (New York: St Martin’s Press).
Hayami, Y. and K. Otsuka (1993) The Economics of Contract Choice: An Agrarian Perspective (Oxford: Clarendon Press).
Hayami, Y. and V.W. Ruttan (1985) Agricultural Development: An International Perspective, rev. edn (Baltimore: Johns Hopkins University Press).
Huntington, S.P. (1970) ‘Social and Institutional Dynamics of One-Party Systems,’ in S.P. Huntington and C.H. Moore (eds), Authoritarian Politics in Modern Society (New York: Basic Books) pp. 3–47.
Japan Ministry of Education (1962) Nikon no Seicho to Kyoiku [Economic Growth and Education in Japan] (Tokyo).
Kaji, N. (ed.) (1962) Rongo no Sekai [The World of Confucius’ Analects] (Tokyo: Iwanami Shoten).
Kim, I. (1987) Jukyo Bunkaken no Chitsujo to Keizai [Order and Economy in the Confucian Culture Zone] (University of Nagoya, Department of Economics).
Kim, J. and L.J. Lau (1994) ‘The Sources of Economic Growth of the East Asian Newly Industrialized Countries’, Journal of the Japanese and International Economy, vol. 8, no. 3, pp. 235–71.
Komiya, R. (1975) Gendai Nihon Keizai Kenkyu [Study of the Modern Japanese Economy] (Tokyo: University of Tokyo Press).
Komiya, R. and K. Iwata (1973) Kinyu no Riron [Theory of Finance] (Tokyo: Nihon Keizai Shinbunsha).
Komiya, R., M. Okuno, and K. Suzumura (eds) (1984) Nihon no Sangyo Seisaku [Industrial Policy in Japan] (Tokyo: University of Tokyo Press).
Kosai, Y. (1989) ‘Kodoseichoki no Keizai Seisaku’ [Economic Policies in the Era of High Economic Growth, in Y. Yasuba and Y. Inoki (eds), Nihon Keizaishi [Economic History of Japan] vol. 8, Kodo Seicho [High Economic Growth] (Tokyo: Iwanami Shoten).
Krueger, A.O. (1990) ‘Asian Trade and Growth Lessons’, American Economic Review, vol. 80, no. 2, pp. 108–12.
Krueger, A.O., M. Schiff and A. Valdes (eds) (1991) Political Economy of Agricultural Pricing Policies, 5 volumes (Baltimore: Johns Hopkins University Press).
Krugman, P. (1994) ‘The Myth of Asia’s Miracle’, Foreign Affairs, vol. 73, no. 6, pp. 62–78.
Kuchiba, M. and L.E. Bauzon (eds) (1979) A Comparative Study of Paddy-Growing Communities in South and Southeast Asia and Japan (Tokyo: Toyota Foundation).
Kuznets, P.W. (1988) ‘An East Asian Model of Economic Development: Japan, Taiwan, and South Korea’, Economic Development and Cultural Change, vol. 36, no. 3, Supplement, pp. S11–44.
Kuznets, S. (1966) Modern Economic Growth: Rate, Structure and Spread (New Haven: Yale University Press).
Landes, D.S. (1965) ‘Technological Change and Development in Western Europe, 1750–1914’, in J.K. Habakkuk and M. Poston (eds), The Cambridge History of Europe, vol. 6, part I, The Industrial Revolutions and After (Cambridge: Cambridge University Press) pp. 274–601.
Landes, D.S. (1969) The Unbound Prometheus: Technological Change and Industrial Development in Western Europe from 1750 to the Present (Cambridge: Cambridge University Press).
Maddison, A. (1995) Monitoring the World Economy, 1820–1992 (Paris: OECD Development Center).
Marx, K. (1909–12; original publication 1867–94) Capital: A Critique of Political Economy, ed. by Friedrich Engels; translated from 3rd German edn by S. Moore and E. Aveling, revised by E. Untermann, 3 vols (Chicago: C.H. Kerr) (Original publ. in German with title: Das Kapital: Kritik der Politischen Ökonomie).
Matsuyama, K. (1991) ‘Increasing Returns, Industrialization, and Indeterminacy of Equilibrium’, Quarterly Journal of Economics, vol. 106, no. 2, pp. 617–50.
Mizoguchi, Y. and M. Nakajima (eds) (1991) Jukyo Renaissance o Kangaeru [Thinking about the Renaissance of Confucianism] (Tokyo: Daishukan Shoten).
Murphy, K., M.A. Shleifer and R. Vishny (1989) ‘Industrialization and the Big Push’, Journal of Political Economy, vol. 97, no. 5, pp. 1003–26.
Muscat, R.J. (1994) The Fifth Tiger: A Study of Thai Development Policy (Armonk, NY: M.E. Sharpe).
Nishikawa, S. and T. Abe (eds) (1990) Nihon Keizaishi [Economic History of Japan] 4, Sangyoka no Jidai [The Era of Industrialization] (Tokyo: Iwanami-Shoten).
Ohkawa, K. and H. Rosovsky (1973) Japanese Economic Growth (Palo Alto: Stanford University Press).
Okazaki, T. and M. Okuno (eds) (1993) Gendai Nihon Keizai System no Genryu [The Origin of Modern Japanese Economic System] (Tokyo: Nihon Keizai Shimbunsha).
Osano, H. (1990) ‘Coordination Failure and Long Run Growth’, Osaka Economic Papers, vol. 40, nos 1 and 2, pp. 102–25.
Pallais, J.B. (1975) Politics and Policy in Traditional Korea (Cambridge, MA: Harvard University Press).
Platteau, J.P. (1994) ‘Behind the Market Stage where Real Societies Exist’, Journal of Development Studies, vol. 30, no. 3, pp. 533–77 (Part I: The Role of Public and Private Order Institutions), and vol. 30, no. 4, pp. 753–817 (Part II: The Role of Moral Norms).
Rosenberg, N. and L.E. Birdzell, Jr. (1986) How the West Grew Rich: The Economic Transformation of the Industrial World (New York: Basic Books).
Rostow, W.W. (1960) The Stages of Economic Growth: A Non-Communist Manifesto (Cambridge: Cambridge University Press).
Saito, O. (1987) Shoka no Sekai Uradana no Sekai [The World of Merchants and the World of Petty Traders and Labourers] (Tokyo: Reproport).
Shimbo, H. (1995) Kindai Nihon Keizaishi [Economic History of Modern Japan] (Tokyo: Sobunsha).
Shinohara, M. (1966) Sangyo Kozoron [Treatise on Industrial Organization] (Tokyo: Chikuma Shobo).
Solow, R.M. (1957) ‘Technical Change and the Aggregate Production function’, Review of Economics and Statistics, vol. 39, no. 3, pp. 312–20.
Stiglitz, J.E. and A. Weiss (1981) ‘Credit Rationing in Markets with Imperfect Information’, American Economic Review, vol. 71, no. 3, pp. 393–410.
Takahashi, K. (1930) Kabushiki Kaisha Bokokuron [Joint Stock Company Ruins the Nation] (Tokyo: Banrikaku Shobo).
Teranishi, J. (1982) Nihon no Keizai Hatten to Kinyu [Economic Development and Finance in Japan] (Tokyo: Iwanami Shoten).
Tsuruta, T. (1984) ‘Kodo Seichoki’ [The Era of High Economic Growth], in R. Komiya, M. Okuno and K. Suzumura (eds), Nihon no Sangyo Seisaku [Industrial Policy in Japan] (Tokyo: University of Tokyo Press), pp. 45–76.
Vandermeersch, L. (1986) Le nouveau monde Sinise [The New Sinitic World] (Paris: Presses Universitaires de France).
Vernon, R. (1966) ‘International Investment and International Trade in the Product Cycle’, Quarterly Journal of Economics, vol. 80, no. 2, pp. 190–207.
Wada, K. (1991) ‘The Development of Tiered Inter-firm Relationships in the Automobile Industry: A Case Study of the Toyota Motor Corporation’, Japanese Yearbook on Business History, vol. 18, pp. 23–47.
Wade, R. (1990) Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization (Princeton: Princeton University Press).
Wittfogel, K.A. (1957) Oriental Despotism: A Comparative Study of Total Power (New Haven: Yale University Press).
World Bank (1992) World Development Report 1992 (New York: Oxford University Press).
World Bank (1993) The East Asian Miracle: Economic Growth and Public Policy (Oxford: Oxford University Press).
Yamamoto, H. (1978) Nippon Shonin [Nippon Merchants] (Tokyo: Bengai Shunjusha).
Yamamoto, H. (1992) Nihonjin Towa Nanika [What Are the Japanese?], vol. 2 (Tokyo: PHP Shuppan).
Yamamura, K. (ed.) (1990) Japan’s Economic Structure: Should It Change? (Seattle: Society for Japanese Studies).
Yamamura, K. and Y. Yasuba (1987) The Political Economy of Japan, Vol. 1, The Domestic Transformation (Palo Alto: Stanford University Press).
Yamazawa, I. (1984) Nihon no Keizai Hatten to Kokusai Bungyo [Economic Development and International Division of Labour in Japan] (Tokyo: Toyokeizai Shimposha).
Dasgupta, P. (1988) ‘Patents, Priority and Imitation, or the Economics of Races and Waiting Games’, Economic Journal, vol. 98, no. 1, pp. 66–80.
Goody, J. (1996) The East in the West (Cambridge: Cambridge University Press).
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1998 International Economic Association
About this chapter
Cite this chapter
Hayami, Y., Dasgupta, P. (1998). Toward an East Asian Model of Economic Development. In: Hayami, Y., Aoki, M. (eds) The Institutional Foundations of East Asian Economic Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-26928-0_1
Download citation
DOI: https://doi.org/10.1007/978-1-349-26928-0_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-26930-3
Online ISBN: 978-1-349-26928-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)