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East Asian Economies: Westernization, Liberalization and New Regionalism

Ivan Tselichtchev

Chapter 2 in Trust and Antitrust in Asian Business Alliances, 2004, pp 32-58 from Palgrave Macmillan

Abstract: Abstract The outstanding economic success of Japan in the 1960s–1980s, followed by the remarkable growth of the four ‘Asian tigers’ (the economies of Taiwan, Hongkong, South Korea and Singapore) – and later the ASEAN countries, together with China – built a solid foundation for a school of thought emphasizing the advantages of the East Asian model as an alternative to Western-style capitalism. The latter may be also defined as ‘all-American’ or ‘Anglo-Saxon’. Even the critics of the East Asian model had to admit that the success of this region succeeded in making it one of the three major centres of the world economy within a very short time-span. However, after the Asian crisis of 1997–8 a new reality is emerging.

Keywords: Foreign Direct Investment; Corporate Governance; Regional Integration; East Asian Country; Asian Crisis (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52357-9_2

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DOI: 10.1057/9780230523579_2

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