The East Asian model,[1] pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate the growth of specific industries in the private sector. It generally refers to the model of development pursued in East Asian economies such as Japan, South Korea, Hong Kong and Taiwan.[2] It has also been used by some to describe the contemporary economic system in Mainland China after Deng Xiaoping's economic reforms during the late 1970s[3] and the current economic system of Vietnam after its Đổi Mới policy was implemented in 1986.[4] Generally, as a country becomes more developed, the most common employment industry transitions from agriculture to manufacturing, and then to services.[5]
The main shared approach of East Asian economies is the role of the government. For East Asian governments have recognized the limitations of markets in allocation of scarce resources in the economy, thus the governments have used interventions to promote economic development.[6] They include state control of finance, direct support for state-owned enterprises in strategic sectors of the economy or the creation of privately owned national champions, high dependence on the export market for growth and a high rate of savings. It is similar to dirigisme, neomercantilism, & Hamiltonian economics.[7][8]
Although there is a common theme, there is not one single approach to the economies of Asian countries, and it widely varies in economic structure as well as development experiences among the East Asian economies, especially between Northeast and Southeast Asian countries[6] (e.g. Malaysia, Indonesia and Thailand relied much more on FDI (Foreign Direct Investment) than Taiwan or Singapore).[9]
^Chun, Lin (5 December 2013). China and Global Capitalism. Palgrave Macmillan. p. 78. ISBN 978-1137301253.
^Kuznets, Paul W. (April 1988). "An East Asian Model of Economic Development: Japan, Taiwan, and South Korea". Economic Development and Cultural Change. 36 (S3): S11–S43. doi:10.1086/edcc.36.s3.1566537. S2CID 153899556.
^Baek, Seung-Wook (January 2005). "Does China follow 'the East Asian development model'?". Journal of Contemporary Asia. 35 (4): 485–498. doi:10.1080/00472330580000281. S2CID 154114721.
^ Leonardo Baccini, Giammario Impullitti, Edmund Malesky, "Globalisation and state capitalism: Assessing the effects of Vietnam’s WTO entry" Vox EU 17 May 2019Archived 24 March 2015 at the Wayback Machine
^Sawada, Yasuyuki (2023), Estudillo, Jonna P.; Kijima, Yoko; Sonobe, Tetsushi (eds.), "Structural Transformation and Development Experience from Asian Countries", Agricultural Development in Asia and Africa: Essays in Honor of Keijiro Otsuka, Emerging-Economy State and International Policy Studies, Singapore: Springer Nature, pp. 257–269, doi:10.1007/978-981-19-5542-6_19, ISBN 978-981-19-5542-6, retrieved 2023-12-12
^ abDanju, Ipek; Maasoglu, Yasar; Maasoglu, Nahide (8 January 2014). "The East Asian Model of Economic Development and Developing Countries". Procedia - Social and Behavioral Sciences. 109: 1168–1173. doi:10.1016/j.sbspro.2013.12.606.
^Berger, Peter L. "The Asian Experience & Caribbean Development." Worldview 27, no. 10 (1984): 4-7.
^Schmidt, Johannes Dragsbaek. "Models of Dirigisme in East Asia: Perspectives for Eastern Europe." In The Aftermath of ‘Real Existing Socialism’in Eastern Europe, pp. 196-216. Palgrave Macmillan, London, 1996.
^Singh, Ajit (2002). "Asian capitalism and the financial crisis". In Eatwell, John; Taylor, Lance (eds.). International Capital Markets: Systems in Transition. Oxford University Press. pp. 339–368. ISBN 978-0-19-514765-0.
The EastAsianmodel, pioneered by Japan, is a plan for economic growth whereby the government invests in certain sectors of the economy in order to stimulate...
EastAsia and was undoubtedly the core of EastAsian civilization from where other parts of EastAsia were formed. The various other regions in East Asia...
descendants and citizenry with EastAsian ancestry or whose family members who recently emigrated to the United States from EastAsia, as well as members of the...
~50% "Basal-EastAsian" ancestry, and was positioned in between modern EastAsians and Papuans of Oceania. The authors concluded that EastAsian-related ancestry...
Asian Americans are Americans of Asian ancestry (including naturalized Americans who are immigrants from specific regions in Asia and descendants of those...
The Four Asian Tigers (also known as the Four Asian Dragons or Four Little Dragons in Chinese and Korean) are the developed EastAsian economies of Hong...
this is aimed toward the EastAsian and South Asian communities. In New Zealand, Asian New Zealanders are viewed as a model minority due to attaining...
schemes found in the continental and northern European models of capitalism. The EastAsianmodel of capitalism involves a strong role for state investment...
Eurocentric and advocated for an Asian-based curriculum. At the present time, EastAsian History remains a major field within Asian Studies. Nationalist historians...
featured alongside eight other models on the cover of the September issue of American Vogue, becoming the first EastAsianmodel on the fold cover of American...
Third Way, French dirigisme, the Dutch polder model, the Nordic model, Japanese corporate EastAsianmodel of capitalism, and the contemporary Chinese socialist...
1989) is a Chinese model and actress. She was the first EastAsianmodel to open a Ralph Lauren runway show and the second model of Chinese descent to...
1997 Asian financial crisis The 1997 Asian financial crisis was a period of financial crisis that gripped much of East and Southeast Asia during the late...
and population history of EastAsian peoples and their connection to genetically related populations (i.e. Southeast Asians, Siberians, Polynesians, and...
success was referred to as "An EastAsian Renaissance" by the World Bank in 2007. Since the early 20th century, EastAsia has been home to two of the world's...
East Asia past and present. The field includes the study of the region's culture, written language, history and political institutions. EastAsian studies...
In the study of comparative religion, the EastAsian religions or Taoic religions,[better source needed] form a subset of the Eastern religions. This group...
The EastAsia Summit (EAS) is a regional forum held annually by leaders of, initially, 16 countries in the EastAsian, Southeast Asian, South Asian and...
in Shanghai, China) is a Chinese actress, model, and former ballet dancer. She was the first EastAsianmodel to be on the cover of Vogue Paris and has...
"Welfare Orientalism and the search for an EastAsian welfare model". In Huck-Ju Kwon (ed.). The EastAsian Welfare Model: Welfare Orientalism and the State....
may arise out of either ASEAN Plus Three or the EastAsia Summit (EAS). The Association of Southeast Asian Nations (ASEAN) was formed on 8 August 1967 by...
furniture Asian Games Asia-Pacific Asian Para Games Asian Monetary Unit Asian people Eastern world Eurasia Far EastEastAsia Southeast Asia South Asia Central...
Jonathan Unger and Anita Chan in their essay "China, Corporatism, and the EastAsianModel" describe Chinese corporatism as follows: [A]t the national level the...
reflected an ethnocentric perception of EastAsians rather than realistic and authentic depictions of EastAsian cultures, colors, customs, and behaviors...
transmission model and chrome ornament on the trunk. For the facelifted model, the Indonesian market Vios following the same appearance as the South EastAsian model...
Asian fetish is a strong sexual or romantic preference for people of Asian descent or heritage. The term usually refers to women specifically of East...
Global Information
