A General Theory of Economic Development
Towards a Capitalist Manifesto
Sung-Hee Jwa
Extract
This chapter discusses the condensed (or rapid) Eastern economic development experiences of Japan, Korea and China. It attempts to understand the common features of industrial policy of the three countries during their economic take-off, as well as the common features of policy failure that have contributed to growth stagnation in Japan and Korea in recent years. Essentially, during economic take-off, economic policy has been discriminatory, while economic egalitarianism has been responsible for the recent years of economic decline. This chapter also argues for the important role of corporations in the economic take-off of Japan and Korea as well as China.
You are not authenticated to view the full text of this chapter or article.
Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.
Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.
Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.