Jump to ContentJump to Main Navigation
International DevelopmentIdeas, Experience, and Prospects$
Users without a subscription are not able to see the full content.

Bruce Currie-Alder, Ravi Kanbur, David M. Malone, and Rohinton Medhora

Print publication date: 2014

Print ISBN-13: 9780199671656

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199671656.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 13 December 2017

The Asian Model of Development: From Crises to Transformation

The Asian Model of Development: From Crises to Transformation

Chapter:
(p.635) Chapter 37 The Asian Model of Development: From Crises to Transformation
Source:
International Development
Author(s):

Simon S. C. Tay

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199671656.003.0038

The idea of an Asian model for development grew with the rise of the “tiger” economies of Hong Kong, Singapore, South Korea, and Taiwan, dubbed “the East Asian Miracle” by the World Bank. This model came under stress in the regional crisis of 1997, but the idea of Asia's rise has resumed given the region's rapid recovery and the persistence of Asian growth rates despite the 2008 global crisis. Yet the idea that Asia might serve as a blueprint for development is still contested, and there are questions about future sustainability. With many Asian economies still export-based, Asians must find ways to increase their own domestic consumption and intra-Asian demand. The region must also confront growing inequality and environmental damage from rapid industrialization. Recognizing these challenges, Asia's development will be neither predestined nor smooth. Asia's future, even if on a good trajectory, will be a period of change and challenge.

Keywords:   Asia, 1997–98 Asian financial crisis, 2008 global financial crisis, regionalism, public spending, inequality sustainability

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .