Economic Development in Pacific Asia

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By: Hafiz A. Akhand, Kanhaya Gupta

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Published: 5th September 2005

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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 figures	p. ix
List of tables	p. xi
Acknowledgements	p. xv
Introduction	p. 1
Record of transformation	p. 5
The East Asian Miracle: perspiration or inspiration?	p. 22
Approaches to the estimation of total factor productivity	p. 24
Productivity growth empirics: the tyranny of numbers	p. 37
Productivity growth empirics: an assessment	p. 55
Conclusion	p. 57
Factor price distortions and economic activity	p. 58
Factor price distortions, economic welfare and capital accumulation	p. 58
Factor price distortions and growth	p. 59
Estimates of factor price distortions	p. 60
Conclusion	p. 62
Growth, poverty and income distribution	p. 63
Growth and poverty reduction	p. 63
Growth and income inequality	p. 64
Poverty reduction, growth and redistributive policies	p. 65
Conclusion	p. 66
East Asian financial crisis	p. 67
The nature and extent of the crisis	p. 71
Assessing the empirical evidence	p. 74
Conclusion	p. 82
Corruption, growth and foreign direct investment	p. 84
The nature and extent of corruption in East Asia	p. 85
Determinants of corruption	p. 88
Corruption and growth	p. 93
Corruption and foreign direct investment	p. 98
Conclusion	p. 103
Urbanization	p. 105
Indicators of urbanization	p. 105
Conclusion	p. 109
Gender gap	p. 111
Mortality inequality	p. 112
Natality inequality	p. 114
Basic facility inequality	p. 115
Professional inequality	p. 115
Ownership inequality	p. 118
Household inequality	p. 119
Digital divide	p. 122
Globalization and labour market outcomes	p. 133
What we have learned and what remains to be done	p. 138
Notes	p. 141
References	p. 148
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780415288682
ISBN-10: 0415288681
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 169
Published: 5th September 2005
Country of Publication: GB
Dimensions (cm): 23.37 x 16.15 x 1.09
Weight (kg): 0.31
Edition Number: 1