The East Asian Development Experience: The Miracle, the Crisis and the Future

by Ha-Joon Chang

Ha-Joon Chang provides an overview of  the East Asian development model from the 1960s to the present day. He examines its relative success particularly in relation to industrial policy, in contrast to Africa. He takes a fresh look at the crisis that exploded in 1997, criticizing many mainstream explanations and looking in particular at the economy of South Korea.Looking to the future, he makes proposals for industrial policy and how local corporations in a country like Korea should be reformed.

Genres: Economics, History, China, Asia, Academic, Economic Development, Nonfiction

310 pages, Paperback

First published September 19, 2006

About the author

Ha-Joon Chang is a South Korean institutional economist, specializing in development economics. Currently he is a reader in the Political Economy of Development at the University of Cambridge.

Reviews

[Tam · Rating 3 out of 5]

Not really about "East Asian Development" in general but mostly just Korean development experience. Nevertheless, it is a clear, brief, easy-to-read account. I could not say I completely agree with everything, but overall it has some strong arguments. Moreover, this book is not a thoroughly and comprehensively investigation. It is in fact a re-cap. Economics students interested in the validity of the argument would have to look somewhere else, more specialized journal articles. But keep in mind that this is unorthodox economics.

[Yash Sanghvi · Rating 4 out of 5]

Was expecting more focus on patterns of industrial policy in East Asian countries, but was plesantly surprised by depth of analysis on the Korean perspective of the 1997 Asian financial crisis.