Growth and Crises in the Asian Pacific Rim (Revised Edition)

China's ongoing transformation and expanding economic prowess has sustained interest in the models of Asian economic development. The earlier successes of the "Asian Tiger" economies of South Korea, Taiwan, Hong Kong, and Singapore and the historic and current preeminence of Japan as both a regional and world economic power, inspire more in-depth and comparative studies of these Asian models. Growth and Crises in the Asian Pacific Rim familiarizes the reader with the various Asian models of development, exploring both the strengths and weaknesses of these paradigms. Economic dynamism in East Asia during the last sixty years provides a multitude of case studies that illustrate economic fundamentals, such as the development of economic bubbles and currency crises.

This book is designed as a textbook for both undergraduate and graduate students and is accessible to readers with a rudimentary knowledge of economics. Although the book endeavors to explain the phenomenon of economic growth and development, the selections are written from various disciplinary perspectives such as economics, history, political science, sociology, anthropology, business, and international relations. It is appropriate for course use in other social science disciplines and business areas focusing on the study of Asian Pacific Rim development. The general reader seeking to understand the various modes of growth and development of rapidly evolving regions such as the Asian Pacific Rim will find the book's selections illuminating.

Margaret Malixi is professor of economics at California State University-Bakersfield. Her research interests and publications lie in the area of international economics, open economy macroeconomics, applied econometrics, and Asian Pacific Rim development.