Please use this identifier to cite or link to this item: https://doi.org/10.1080/1226508042000329006
Title: Substituting and complementing models of economic development in East Asia
Authors: Shin, J.-S. 
Keywords: Catching-up strategy
East asia
Globalization
Institutional transition
Korea
Singapore
Taiwan
Issue Date: 2005
Source: Shin, J.-S. (2005). Substituting and complementing models of economic development in East Asia. Global Economic Review 34 (1) : 99-118. ScholarBank@NUS Repository. https://doi.org/10.1080/1226508042000329006
Abstract: This paper assesses the relative merits and demerits of different East Asian models by placing them in a historical perspective. It re-interprets Gerschenkron's model of late industrialization, and extends it to compare East Asian economies in view of substituting and complementing models. It then explains divergent performances among East Asian economies from the late 1990s by examining the different challenges they faced as their economies became mature and more fully open to forces of globalization. In conclusion, the paper discusses the applicability of the East Asian models for today's developing countries. © 2005 Institute of East and West Studies, Yonsei University, Seoul.
Source Title: Global Economic Review
URI: http://scholarbank.nus.edu.sg/handle/10635/52144
ISSN: 1226508X
DOI: 10.1080/1226508042000329006
Appears in Collections:Staff Publications

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