The ‘Unrepentant Capitalist-Roaders’: Taiwan and Korea

Michael Skully and George J. Viksnins
Additional contact information
George J. Viksnins: Georgetown University

Chapter 4 in Financing East Asia’s Success, 1987, pp 94-125 from Palgrave Macmillan

Abstract: Abstract It is said that during the Cultural Revolution of the 1960s in mainland China, one of the worst terms of censure was to be called a ‘capitalistroader’. The banishment of Deng Xiaoping allegedly was imposed for his being an ‘unrepentant capitalist-roader’, which is presumably several times worse than being repentant about it. Among the eight Asian countries reviewed in this volume, probably all could be termed ‘the capitalist-roaders’ (along with Japan) in comparison to, say, mainland China, North Korea, Vietnam, and Burma. Since a strong government has played an important role in most of these success stories, perhaps ‘state-capitalists’ or ‘entrepreneurial nations’ would be more descriptive terms. The two nations discussed in this chapter, South Korea and Taiwan, probably would be rather proud, on balance, to be called ‘unrepentant’ about being that as well.1

Keywords: Interest Rate; Central Bank; Banking System; Commercial Bank; Foreign Bank (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09038-9_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349090389

DOI: 10.1007/978-1-349-09038-9_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().