methods, and their rejection of 'best
practice' and so-called Washington Consensus policies.
East Asia, he claims, can teach us much about
the whole process of economic development. Full
of new facts and policy suggestions, this is a
lively unconventional introduction to a global
phenomenon.
About
the Author
HA-JOON CHANG is the Reader in the Political Economy
of Development at the Faculty of Economics, University
of Cambridge. His main research interests include
theories of state intervention; institutional
economics; industrial, trade and technology policies;
and economic development in historical perspective.
He has been a consultant to many UN organizations
such as UNCTAD, UNDP, UNIDO and WIDER, as well
as the World Bank and Asian Development Bank.
His recent books include Kicking Away the Ladder
– Development Strategy in Historical Perspective
(2003) and Reclaiming Development - An Alternative
Economic Policy Manual (2004, with Ilene Grabel).
He is the winner of the 2003 Gunnar Myrdal Prize
and the 2005 Wassily Leontief Prize. Contents
Acknowledgements
Introduction
Part I: Overview
of the Debate on East Asian Development Experience
Chapter 1: The East Asian Model of Economic
Policy
Part II: Interpretation
of the East Asian Miracle
Chapter 2: The Political Economy of Industrial
Policy in Korea
Chapter 3: Explaining 'Flexible Rigidities'
in East Asia
Chapter 4: How Important were the 'Initial Conditions'
for Economic Development? East
Asia vs. Sub-Saharan Africa
Part III: 1997 Asian
Financial Crisis and its Implications
Chapter 5: The Hazard of Moral Hazard – Untangling
the Asian Cisis
Chapter 6: Interpreting the Korean Crisis –
Financial Liberalisation, Industrial Policy
and
Corporate Governence
Part IV: Looking
into the Future of East Asia
Chapter 7: Industrial Policy and East Asia –
The Miracle, the Cisis and the Future
Chapter 8: The Triumph of the Rentiers?
Chapter 9: Evaluating the Post-Crisis Corporate
Restructuring in Korea
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