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Economic Development in Pacific Asia - Hafiz A. Akhand

Economic Development in Pacific Asia

Hardcover Published: 1st April 2005
ISBN: 9780415288675
Number Of Pages: 169

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During the period 1965 to 1990 East Asia was the world's fastest growing region. Economic Development in Pacific Asia provides illuminating, non-technical perspectives on key facets of the region's economies. The text focuses on the eight countries which accounted for the majority of the economic growth: Japan, Hong Kong, Taiwan, Republic of Korea, Indonesia, Malaysia, Singapore and Thailand.

Empirical evidence is used to provide a revealing, multi-dimensional statistical profile of the countries as well as the region as a whole. Rather than present a statistical history of each country, the text highlights the relative performance in terms of the variables which are studied within each chapter. Akhand and Gupta examine a range of popular topics including:


  • the relative role of factors accumulation versus technology change

  • factor price distribution and employment

  • growth, poverty and income distribution

  • the Asian Crisis and corruption.

In addition, the book examines topics rarely covered in the current economics literature such as urbanization, the gender gap and the digital divide.

It provides an accessible and wide ranging assessment of the existing evidence and current arguments on East Asian economic development, and is a valuable addition to economists, policy makers and those interested in Asian economic affairs.


List of figuresp. ix
List of tablesp. xi
Acknowledgementsp. xv
Introductionp. 1
Record of transformationp. 5
The East Asian Miracle: perspiration or inspiration?p. 22
Approaches to the estimation of total factor productivityp. 24
Productivity growth empirics: the tyranny of numbersp. 37
Productivity growth empirics: an assessmentp. 55
Conclusionp. 57
Factor price distortions and economic activityp. 58
Factor price distortions, economic welfare and capital accumulationp. 58
Factor price distortions and growthp. 59
Estimates of factor price distortionsp. 60
Conclusionp. 62
Growth, poverty and income distributionp. 63
Growth and poverty reductionp. 63
Growth and income inequalityp. 64
Poverty reduction, growth and redistributive policiesp. 65
Conclusionp. 66
East Asian financial crisisp. 67
The nature and extent of the crisisp. 71
Assessing the empirical evidencep. 74
Conclusionp. 82
Corruption, growth and foreign direct investmentp. 84
The nature and extent of corruption in East Asiap. 85
Determinants of corruptionp. 88
Corruption and growthp. 93
Corruption and foreign direct investmentp. 98
Conclusionp. 103
Urbanizationp. 105
Indicators of urbanizationp. 105
Conclusionp. 109
Gender gapp. 111
Mortality inequalityp. 112
Natality inequalityp. 114
Basic facility inequalityp. 115
Professional inequalityp. 115
Ownership inequalityp. 118
Household inequalityp. 119
Digital dividep. 122
Globalization and labour market outcomesp. 133
What we have learned and what remains to be donep. 138
Notesp. 141
Referencesp. 148
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415288675
ISBN-10: 0415288673
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 169
Published: 1st April 2005
Country of Publication: GB
Dimensions (cm): 24.03 x 16.41  x 1.55
Weight (kg): 0.42
Edition Number: 1