Government Intervention and Economic Performance in East Asia

The economic success of the East Asian economies has been undisputable. In analyses of these accomplishments, attention has been given to virtually everything but the role of what are broadly interpreted as financial variables. This paper develops the contributions of financial phenomena to the East Asian success and argues that favorable financial conditions are necessary, but not sufficient for good long-term economic performance.

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TFPG Controversies, Institutions and Economic Performance in East Asia

The Institutional Foundations of East Asian Economic Development ◽

10.1007/978-1-349-26928-0_4 ◽

1998 ◽

pp. 79-105 ◽

Cited By ~ 5

Author(s):

Dani Rodrik ◽

Tain-Jy Chen

Keyword(s):

East Asia ◽

Economic Performance

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China, Economic Regionalism, and East Asian Integration

Japanese Journal of Political Science ◽

10.1017/s146810991100003x ◽

2011 ◽

Vol 12 (2) ◽

pp. 195-212 ◽

Cited By ~ 9

Author(s):

WANG YUZHU

Keyword(s):

East Asia ◽

Economic Performance ◽

East Asian ◽

Trade Agreement ◽

Social Stability ◽

Institutional Integration ◽

Post Cold War ◽

Asian Integration ◽

Rising Power

AbstractAs a rising power, China has become actively involved in regional bilateral/multilateral arrangements in the post-Cold War, especially post-crisis (1997– 98 financial crises) era, and this has attracted much attention from within and outside East Asia. Diverse understandings of China's regional ambition have appeared, especially since the launch of the China-ASEAN free trade agreement (FTA). Aiming at deciphering the ideas behind China's regional thinking, this paper argues that China's perspective on regionalism is a broadened economic regionalism, which is basically economic-centered, because economic performance is vital both to its long-term strategic target and to its internal social stability. This economic regionalism will last for some time because China will be a developing country at least in the mid-term, which means China will have to focus more on its economic performance. In practice, China will engage bilaterally or multilaterally with others through its FTA strategy. Thus, China cannot be a main contributor to East Asian integration as expected, owing to the inward-looking nature of its economic regionalism. Also, the institutional integration of East Asia needs the effort of all the players in the region.

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