HyungkeeKim
The East Asian Model: Transformation and Sustainability
The East Asian Model: Transformation and Sustainability
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Hyungkee Kim examines the East Asian development model, its transformation under pressures from the Washington consensus and internal contradictions, and its long-term sustainability. He uses a Five Sector Model to identify the core of the model and examine its variants in Korea, Japan, and China. He also outlines the distinctions between the East Asian model and Western development models and analyses the institutional changes that have transformed it. Kim assesses the model's prospects for economic, social, and ecological sustainability and proposes an agenda for institutional reforms.
Format: Hardback
Length: 182 pages
Publication date: 24 February 2023
Publisher: Taylor & Francis Ltd
Hyungkee Kim delves into the intricate dynamics of East Asian development, exploring its evolution during periods of rapid growth and the profound pressures exerted by both the Washington consensus and internal contradictions. His analysis goes beyond mere discussions of successes and failures, focusing on the captivating story of transformation and its long-term sustainability. Kim employs a comprehensive Five Sector Model to identify the core elements of the East Asian model and examine its variations in Korea, Japan, and China. He also provides a comparative analysis of the East Asian model with Western development models such as the Anglo-American, Rhine, and Nordic models. Through detailed examination of institutional changes, including marketization, privatization, liberalization, and flexibilization, Kim sheds light on the profound shifts that have shaped the East Asian paradigm.
Recognizing the significant challenges that emerged from this transformation, Kim assesses the prospects for economic, social, and ecological sustainability and presents an agenda for institutional reforms. This book is a vital resource for scholars and researchers interested in East Asian political economy, offering a comprehensive and insightful perspective on the region's development trajectory.
Weight: 520g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032365763
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