Trade - The Engine of Growth in East Asia

Hardcover | November 1, 1981

byPeter C. Y. Chow, Mitchell H. Kellman

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The New Industrializing Countries (NICs) of the Pacific Basin--Taiwan, South Korea, Hong Kong, and Singapore--differ in many ways such as their languages, cultures, political and economic systems. What is interesting is what economic characteristic they hold in common. Each has succeeded indefying in what Chow and Kellman define as a "vicious circle of poverty" following World War II. They provide a comprehensive analysis of the economic factors which fueled the "engine of growth." The authors combine a detailed body of empirical data with an unusually broad theoretical framework tohighlight the factors in each industry and market which contributed to the success of these countries. The work examines and forecasts potential competition from the surrounding geographic area in specific markets. It contrasts the development of the NICs with Japan, with "next tier NICs," and witheach other in markets, including those of the United States and the forthcoming united Europe. Using modern economic theory and sophisticated quantitative techniques, Trade - The Engine of Growth in East Asia will clearly help scholars, students, policymakers, and professionals in understandingthese East Asian models of growth.

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From Our Editors

The Newly Industrializing Countries (NICs) of the Pacific Basin - Taiwan, South Korea, Hong Kong, and Singapore - differ in many ways. Each has its own language, culture, political life, and economic system. But there is one crucial characteristic they all hold in common: each has succeeded in defying in what Peter C.Y. Chow and Mitche...

From the Publisher

The New Industrializing Countries (NICs) of the Pacific Basin--Taiwan, South Korea, Hong Kong, and Singapore--differ in many ways such as their languages, cultures, political and economic systems. What is interesting is what economic characteristic they hold in common. Each has succeeded indefying in what Chow and Kellman define as a "...

From the Jacket

The Newly Industrializing Countries (NICs) of the Pacific Basin - Taiwan, South Korea, Hong Kong, and Singapore - differ in many ways. Each has its own language, culture, political life, and economic system. But there is one crucial characteristic they all hold in common: each has succeeded in defying in what Peter C.Y. Chow and Mitche...

Peter C.Y. Chow and Mitchell H. Kellman are both at City College, City University of New York.

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Format:HardcoverDimensions:184 pages, 9.49 × 6.46 × 0.79 inPublished:November 1, 1981Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0195078950

ISBN - 13:9780195078954

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From Our Editors

The Newly Industrializing Countries (NICs) of the Pacific Basin - Taiwan, South Korea, Hong Kong, and Singapore - differ in many ways. Each has its own language, culture, political life, and economic system. But there is one crucial characteristic they all hold in common: each has succeeded in defying in what Peter C.Y. Chow and Mitchell Kellman define as a "vicious circle of poverty" following World War II. In Trade - The Engine of Growth in East Asia, the authors provide a comprehensive analysis of the economic factors which fueled the "engine of growth". They combine a detailed body of empirical data with an unusually broad theoretical framework to highlight the factors in each industry and market which contributed to the success of these countries. The work examines and forecasts potential competition from the surrounding geographic area. It also contrasts the development of the NICs with Japan, with "next tier NICs", and with each other in a variety of markets, including those of the United States and the increasingly unified Europe. Using modern economic the

Editorial Reviews

"Chow and Kellman present the most detailed and comprehensive examination available of the trade of East Asian countries and its role in promoting their rapid economic growth. The exceptionally complete data they have assembled are used to study factors underlying their comparative advantages,the changes in comparative advantage that have taken place, and the reasons for the changes. The authors then use the analysis to project the progress of the next tier of industrializing countries and to predict the future performance of these countries as exporters."--Robert E. Lipsey, QueensCollege and the Graduate Center, City University of New York and National Bureau of Economic Research, Inc.