Economy East Asia
Contents
Dent, C. (2016) East Asian Regionalism (Routledge), Chapter 1, ‘East Asia and Regionalism:
Introduction’. pp.1-4 and pp.31-40........................................................................................................9
East Asia: An Emerging Region within the Global System...................................................................9
Applying Key International Political Economy (IPE) Theories and Concepts to the Study of
Regionalism........................................................................................................................................9
Conclusion........................................................................................................................................12
Naughton, Barry (2018) The Chinese economy: Adaptation and Growth - Chapter 5: Market
Transition: Strategy and Process (Cambridge, Mass. MIT Press) (E-book available).............................13
Zhao, Suisheng (2010) ‘The China Model: Can It Replace the Western Model of Modernization?’,
Journal of Contemporary China, 19 (65), 419-436. (Available through university libraries website). . .14
Boltho, Andrea and Weber, Maria. 2015. “Did China Follow the East Asian Development Model?” in
State Capitalism, Institutional Adaptation, and the Chinese Miracle, edited by Naughton, B. and Tsai,
240-264. Cambridge: Cambridge University Press. https://doi-
org.ezproxy.leidenuniv.nl:2443/10.1017/CBO9781139962858.009....................................................16
Rosenbluth, F. M. and Thies, M. F. (2010) Japan Transformed: Political Change and Economic
Restructuring (Woodstock: Princeton University Press), chapter 5. Ebook available...........................19
Flath, D. (2014) The Japanese Economy, Oxford University Press, chapter 4, pp.75-81. Ebook
available...............................................................................................................................................20
Uemura, H. (2000) ‘Growth, distribution and structural change in the post-war Japanese economy’, in
Boyer, R. and Yamada, T. (eds.), Japanese Capitalism in Crisis: A regulationist interpretation, pp.149-
155 (New York: Routledge). Available online.......................................................................................20
Investment-saving relation and growth patterns.............................................................................20
1963-1971: a profit-investment-led growth.................................................................................21
1976–95: wage-led growth undermined by an export-led growth...............................................22
Productivity growth and employment..........................................................................................22
Growth regime after the oil shock....................................................................................................24
Dynamic logic of capital accumulation based on institutional arrangements after the 1970s......24
Kim, H. (2012) ‘The great transformations in the Korean economy since 1962’, in Boyer, et at. (2012),
Diversity and Transformations of Asian Capitalism (Oxon: Routledge). Ebook available......................27
Walter, A. and Zhang, X. (eds.) (2012) East Asian capitalism: Diversity, change, and continuity -
Chapter 3: Not of a Piece: Developmental States, Industrial Policy and Evolving Patterns of Capitalism
in Japan, Korea and Taiwan (by Karl J. Fields) (Oxford: Oxford University Press) (E-book available)....30
Developmental states, business groups, and industrial policies.......................................................32
Tracing the trajectory of government-business relations.................................................................32
Japan: remodelling the developmental state...............................................................................32
Korea: retreating from the developmental state..........................................................................33
1
, Taiwan: adapting the developmental state..................................................................................33
Explaining change in the institutional domains of state-business relations......................................34
Change (and Stasis) Coalitions......................................................................................................35
State action and capacity..............................................................................................................35
Policy discourses...........................................................................................................................36
Conclusion........................................................................................................................................36
Carroll, T. and Jarvis, D. (eds.) (2017) Asia After the Developmental State - Chapter 2 The Origins of
East Asia’s Developmental States and the Pressures for Change (by Richard Stubbs) (Cambridge
University Press) (E-book available) You can read more chapters of this book to learn further the
transformation of the state’s role in East Asian economy....................................................................36
Sutherland, Dylan and Ning, Lutao. 2015. “The Emergence and Evolution of Chinese Business Groups:
Are Pyramidal Groups Forming?” in State Capitalism, Institutional Adaptation, and the Chinese
Miracle, edited by B Naughton and K.S. Tsai, 102-153. Cambridge: Cambridge University Press. (This
chapter contains roughly 20 pages of tables and graphs, so it seems more daunting than it is).
https://doi-org.ezproxy.leidenuniv.nl:2443/10.1017/CBO9781139962858.005..................................40
Shibata, S. (2020) Contesting Precarity in Japan: The Rise of Nonregular Workers and Policy Dissensus
(Ithaca: Cornell University Press). ‘Monetary and Financial Regime” and ‘The Form of Competition in
the Japanese Model’, pp. 27-32. Available online................................................................................42
Murillo, D. and Sung, Y. (2013) ‘Understanding Korean Capitalism: chaebols and their 5 Corporate
Governance’, ESADEgeo Position Paper 33, September 2013. Available from:
https://scholar.google.co.uk/scholar?
q=understanding+korean+capitalism+chaebols+and+their+corporate+governance&hl=en&as_sdt=0&
as_vis=1&oi=scholart&sa=X&ved=0CB4QgQMwAGoVChMIntK06o7JxgIVCGQsCh0K8wwy................47
Chung, Young-Iob (2007) South Korea in the fast lane: Economic development and capital formation
(Oxford, New York: Oxford University Press)– p. 127-140 and p. 155-164. [If you have time and
further interest, you can read the entire Chapter 5: Domestic Financing of Business and Public
Investment] E-book available...............................................................................................................49
Flath, David (2014) The Japanese economy - Chapter 14: Finance (Oxford, England: Oxford University
Press). E-book available........................................................................................................................52
Financial intermediaries...................................................................................................................52
Commercial banks............................................................................................................................53
Credit associations and co-ops.....................................................................................................54
Insurance companies....................................................................................................................54
Securities companies....................................................................................................................54
Government financial intermediaries...............................................................................................54
Other intermediaries....................................................................................................................55
Securities markets of Japan..............................................................................................................55
Money markets.............................................................................................................................55
Capital markets.............................................................................................................................56
The euromarket................................................................................................................................57
2
, Regulation of financial markets........................................................................................................57
Origins of banking regulation...........................................................................................................57
Occupation reforms of Japanese financial markets..........................................................................57
Deregulation of Japanese financial markets.................................................................................58
Financial crisis and government response....................................................................................58
The main bank system......................................................................................................................59
Origins of the main bank system..................................................................................................59
Character of the main bank relationship......................................................................................59
Stockholding by banks..................................................................................................................60
Main banks and financial distress.................................................................................................60
Resilience of the main bank system..............................................................................................60
Debt versus equity............................................................................................................................60
The M-M thesis.............................................................................................................................60
Taxes and corporate finance.........................................................................................................61
Corporate governance and the monitoring of corporate investments.........................................61
Conclusion........................................................................................................................................61
Naughton, Barry (2018) The Chinese economy: Adaptation and Growth - Chapter 20: The Financial
System (Cambridge, Mass. MIT Press)..................................................................................................62
Revenue and taxation.......................................................................................................................62
How should the government be funded?.....................................................................................62
The tax reform of 1994.................................................................................................................63
Revenues today............................................................................................................................63
Expenditures.....................................................................................................................................63
What goods and services should the fiscal system provide?........................................................63
Restructuring budget expenditures..............................................................................................63
Is china becoming a welfare state?...............................................................................................64
Central and local budgets.................................................................................................................64
How should revenue and expenditure responsibilities be divided among governments?’..........64
Center and local: the paradox of china’s fiscal system.................................................................65
Central-local fiscal relations..........................................................................................................65
Rural government budgets...............................................................................................................66
Fees and extrabudgetary funds and their abolition......................................................................66
New structure of power at the rural grass roots..........................................................................66
Urban government budgets..............................................................................................................66
Municipal governments and the challenge of urbanization.........................................................66
Land-driven local government......................................................................................................66
3
, Local-government debt....................................................................................................................67
Fiscal reform and overall economic reform......................................................................................67
New taxes: how large should China’s budget be?........................................................................67
Creating a new system of intergovernmental transfers................................................................67
Conclusion........................................................................................................................................68
Noble, G. and Ravenhill, J. (2000) (eds.) The Asian Financial Crisis and the Architecture of Global
Finance (Cambridge University Press) – Chapter 1 Causes and Consequences of the Asian Financial
Crisis (by G. Noble). E-book available...................................................................................................68
Causes of the crisis...........................................................................................................................68
Liberalisation within a flawed policy framework..............................................................................69
Inadequate regulation..................................................................................................................69
Fixed exchange rates....................................................................................................................69
Distinguishing crisis and non-crisis economies.................................................................................69
The politics of financial policy: behind the fundamentals................................................................70
Domestic responses..........................................................................................................................71
Reforming the global financial architecture.....................................................................................72
Reforming the IMF........................................................................................................................73
Improved transparency through international oversight.............................................................73
Improving the capital adequacy of international banks................................................................74
Bailing the private sector in..........................................................................................................74
Regional responses...........................................................................................................................74
Conclusion........................................................................................................................................74
Shibata, S. (2016) ‘Resisting Japan’s neoliberal model of capitalism: intensification and change in the
contemporary patters of class struggle’, British Journal of Industrial Relations. 54(3), pp. 496-521.
Online available....................................................................................................................................77
Introduction......................................................................................................................................77
From a consensus-oriented to a neoliberal Japanese labour market...............................................77
Studying the political economy of Japan: incorporating resistance..................................................78
Research method..........................................................................................................................78
Coding method and sampling rules..............................................................................................78
Heightened levels of worker contestation: intensification and change in contemporary patterns of
class struggle....................................................................................................................................79
The impact of workers’ resistance: a new policy dissensus..............................................................79
Conclusion........................................................................................................................................80
Kwon, S. and Hong, I (2019) ‘Is South Korea as Leftist as It Gets? Labour Market Policy Reforms under
the Moon Presidency’, The Political Quarterly, 90 (1). 81-88...............................................................81
introduction......................................................................................................................................81
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