The Political Economy of the New Asian Industrialism

Download or read book The Political Economy of the New Asian Industrialism written by Frederic C. Deyo and published by Cornell University Press. This book was released on 2018-08-06 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: The newly industrializing countries (NICs) of East Asia have undergone rapid economic expansion over the past twenty vears. Unlike NICs elsewhere in the Third World, those in the Pacific basin-South Korea, Taiwan, Singapore, and Hong Kong-have managed to achieve almost full employment, a relatively egalitarian distribution of income, and the virtual elimination or poverty. In this collection of essays, nine development specialists explore the Asian NICs' exceptional ability to capitalize on the favorable economic environment of the 1960s and then to adapt flexibly to worsening conditions in the 1970s and 1980s.