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Economic Liberalization and Integration in East AsiaA Post-Crisis Paradigm$
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Yung Chul Park

Print publication date: 2005

Print ISBN-13: 9780199276776

Published to Oxford Scholarship Online: February 2006

DOI: 10.1093/0199276773.001.0001

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Characteristics and Accomplishments of the East Asian Development Paradigm 1

Characteristics and Accomplishments of the East Asian Development Paradigm 1

Chapter:
(p.9) 2 Characteristics and Accomplishments of the East Asian Development Paradigm1
Source:
Economic Liberalization and Integration in East Asia
Author(s):

Yung Chul Park

Publisher:
Oxford University Press
DOI:10.1093/0199276773.003.0002

Before the crisis, the most notable economic achievement of East Asia was rapid growth. This chapter analyzes the development experiences of East Asian economies, which share a number of structural characteristics. Different growth models are then explored to understand the Asian miracle of economic growth and development, including the relevance of so-called Asian values.

Keywords:   Japanese model, Asian values, rapid growth, structural transformation, China, development model

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