The story of Taiwan's economic growth was once the metaphor for success among emerging economies. This new book, based on extensive research over many years, is a work deeply rooted both in economic and historical analysis. It shows the importance of colonial legacies; international partners and markets; technocratic expertise; and sustainable agricultural reform. This book reminds us of Taiwan's capacity for experimentation, innovation, and success in global markets. Serious scholars of Taiwan's -- and the global -- economy will want to read this book." William C KirbySpangler Family Professor of Business AdministrationT M Chang Professor of China StudiesHarvard Business School"This collection of papers provides a rigorous, insightful and systematic analysis of how the Taiwan economy developed from an agrarian economy to a high-tech power, and the role played by the Japanese legacy, democratization and the trade triangle of Japan, the US and Taiwan. It challenges the traditional Western view that the success of the Taiwan economy was led by wise government policies."Sheng-Cheng HuAcademician, Academia Sinica, TaiwanK T Li Professor, National Central University, TaiwanTaiwan's economic growth since the 1970s has roots in its pre-war development and post-war formation of the Pacific trade triangle. By highlighting the historical perspective of the Japanese linkages and the geographic vantage point of Taiwan - Japan - USA trade triangle, Economic Development of Taiwan features a collection of papers by Frank S T Hsiao and Mei-Chu Wang Hsiao. Published mostly between 1989 and 2002, their analyses on Taiwan's pre-war and post-war early economic history debunk the myth of the country's post-war rags to riches story and revalue the myth of wise government policy. Timely and accessible, this unique volume shows how early Taiwanese experiences of economic development can be valuable paradigms for emerging economies of Asian, African and Latin American countries in this age of globalization.
Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
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