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Capitalism and Capitalisms in Asia : Origin, Commonality and Diversity

Author :  Hyun-Chin Lim, Jan Nederveen Pieterse, Suk-Man Hwang

Product Details

Country
South Korea
Publisher
Seoul National University Press, Seoul, South Korea
ISBN 9788952120090
Format PaperBack
Language English
Year of Publication 2018
Bib. Info 496p.
Product Weight 800 gms.
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Product Description

Comparative political economy in Asia goes back a long time. For some time, it seemed that high-growth Southeast Asian economies could join the momentum of the Asian tigers, as in Mahathir s Look East policy and the World Bank s Miracle Eight , but these expectations have since faded into the background. Arguments about differences between China and India have been ongoing for decades, in short, one state-led, efficient and authoritarian, the other democratic with an inefficient and reactive rather than proactive state. The rise of China (especially after China joined the WTO in 2001) has added further ramifications The ongoing rise of Asia prompts questions Which Asia? What about differences within Asia? Rise on what terms? How does Asia position itself in the world economy? With Japan s lead Asia could still, to a point, follow American directions, as in security policies and the Asian Development Bank, but with China as Asia s leading economy, this is no longer the case. In Asia capitalism has mostly figured as a category in the singular with variations in the margins market economies with variations in degrees and styles of state guidance, in historical trajectories and institutional makeup, and in rent-seeking and crony capitalism. Counterpoints have been socialist economies (China, Vietnam, Laos, North Korea), and outliers have been economies steeped in military influence (Pakistan, Myanmar, Indonesia, Thailand) This is the backdrop to the emergence of the theme of capitalisms in Asia. This theme means that Asian discussions join a wider comparative political economy and analysis of comparative capitalisms and that analytics take on a more reflexive and critical character.

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