1. Prepared By Prof Alvin So1 SOSC 188 Lecture 21 Theories of East Asian Development

2. Prepared By Prof Alvin So2 The Rise of East Asia after World War II The Market Perspective The Cultural Perspective The Statist Perspective The World-Systems Analysis

3. Prepared By Prof Alvin So3 The Rise of East Asia Before WWII, East Asian states were just another backward third world states devastated by colonialism and war 1960s – the rise of Japan 1970s – the NIEs (the 4 little dragons) 1980s – the 4 little tigers 1990s – the rise of China

4. Prepared By Prof Alvin So4 The Market Perspective What explains East Asian development? export-led industrialization: engage in world market competition through niche development Why export? free (labor & capital) markets in the private sector Policy implications: Promote Globalization invite transnational corporations to “come in” and domestic corporations to “go out”

5. Prepared By Prof Alvin So5 The Cultural Perspective What explains East Asian development? Asian Confucianism has values conducive to development (education, family, personal relationship, committed civil servants) Policy implications: invest in education & justify authoritarianism

6. Prepared By Prof Alvin So6 The Statist Perspective What explains East Asian development? developmental state focuses only on development, used carrots (subsides & tax incentives) and sticks (punishment & disciplines), bureaucratic autonomy & good state-business relationship Policy implications: justify state intervention in the economy

7. Prepared By Prof Alvin So7 The World-Systems Analysis What explains East Asian development? Go beyond the nation (state analysis) to look into w orld-system dynamics and regional geopolitics Examine such processes as incorporation into the world system, regionalization, the Cold War, the Japanese flying geese, China’s national reunification project