The Dichotomy Between Northeast Asian Capitalism and Southeast Asian Capitalism
Donghyun Park ()
Journal of the Asia Pacific Economy, 2000, vol. 5, issue 3, 234-254
The common success as well as the post-1997 crisis of East Asian countries has led to a widespread tendency to view their economic systems as a homogeneous monolith. In reality, there are significant structural differences among the region's economies, although they do share many strengths and weaknesses. In particular, Northeast Asia and Southeast Asia appear to have followed significantly divergent paths toward development and growth. The main goal of this paper is to elaborate upon those differences to contribute toward a more complete and balanced understanding of East Asian economies.
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