Achieving Industrialization in East Asia - download pdf or read online
By Helen Hughes
This ebook examines the commercial good fortune of the newly industrializing and near-industrializing economies of East Asia. the prestigious workforce of authors covers a number of subject matters in a comparative standpoint, and identifies classes of outrage to monetary, political, and social questions through the constructing international. participants: James Riedel, Hollis Chenery, Seiji Naya, Thomas G. Parry, Robert Wade, Arnold C. Harberger, Deepak Lal, Ryokichi Hirono, Stephen Haggard, J.A.C. Mackie, William J. O'Malley.
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Extra info for Achieving Industrialization in East Asia
Aside from everything else, fulfilling the minimal duties of government, including the provision of infrastructure and the maintenance of macroeconomic stability, is undoubtedly a necessary condition for success. This is no mean feat in itself, but when compounded by the complex task of having to anticipate and offset the market distortions that result from dirigiste strategies of industrialization, the burden on government is all that much greater. Little wonder then that, after sifting through the accumulated historical evidence on 100 years of development in forty-two contemporary developing countries, Reynolds (1983:976) concluded that 'My hypothesis is that the single most important explanatory variable [in economic development] is political organization and the administrative competence of government'.
Much attention has been given to the fact that two of the most successful East Asian countries, the Republic of Korea and Taiwan, received disproportionate amounts of foreign aid prior to rapid growth. There is, however, little doubt that aidflowsto both countries were motivated more by political and strategic considerations than by foresight on the part of the United States AID officials about the future prospects of these countries. Indeed, in 1961, after more than US$2 billion of economic assistance and US$1 billion of military assistance, it is reported that 'USAID officials were wondering audibly whether South Korea was to remain indefinitely a pensioner of the United States' (Mason et al.
Earlier he states quite unambiguously that 'cultural factors cannot be more than contributory factors, which may play their part, but only when other conditions are favourable' (Little 1981:463). 24 Achieving Industrialization in East Asia However, while that logic might seem adequate to deal with the record of Hong Kong and Singapore, it fails altogether for any of the other East Asian countries. All (except possibly the Philippines, but including Taiwan and the Republic of Korea) derived a larger share of their income from agriculture in 1960 than currently do the poorest developing countries on average.
Achieving Industrialization in East Asia by Helen Hughes