Is There An East Asian Development Path? Long-Term Comparisons, Constraints, And Continuities

2008 ◽  
pp. 252-292
Keyword(s):  
East Asian ◽  
Asian Development ◽  
Development Path

The European miracle in global history: an East Asian perspective

2013 ◽  
Author(s):  
Kaoru Sugihara
Keyword(s):  
East Asia ◽  
South Asia ◽  
Energy Saving ◽  
East Asian ◽  
Global History ◽  
Meiji Japan ◽  
Asian Development ◽  
Development Path ◽  
Double Cropping ◽  
East Asian Economies

The ‘European miracle’ needs to be compared to an East Asian development path. In East Asia efficient institutions fostered great use of labour, an ‘industrious revolution’ path entailing extensive use of family labour and systems of double cropping. The result was a ‘labour-intensive industrialization’ such as occurred in Meiji Japan. That labour-intensive path now shapes the centres of most of the world's manufacturing employment, currently situated in East, South-east and South Asia. The challenge for Japan and other East Asian economies has been to develop resource- and energy-saving technologies.

IS THERE AN EAST ASIAN DEVELOPMENT PATH? LONG-TERM COMPARISONS, CONSTRAINTS, AND CONTINUITIES

2001 ◽  
Vol 44 (3) ◽  
pp. 322-362 ◽  
Author(s):  
Kenneth Pomeranz
Keyword(s):  
20Th Century ◽  
North Atlantic ◽  
East Asian ◽  
Current Interest ◽  
Development Patterns ◽  
Development Path ◽  
Ressources Naturelles ◽  
Développement Économique ◽  
Coastal China

AbstractMuch literature normalizes a North Atlantic pattern of development, and sees a regionally specific "East Asian" path in the 20th century. However, development patterns in core regions of Europe and East Asia were surprisingly similar until almost 1800, and Europe's divergence thereafter was shaped by exceptional resource bonanzas. East Asian growth has been less-resource-intensive, and based on different social ideas. Recently, "East Asian" growth has spread to coastal China, but China's interior poses greater challenges; current interest in more resource-intensive, state-centered development strategies for those regions (which resemble those predicted by Gerschenkron) is thus unsurprising, but environmentally and socially risky. La plus grande partie de la littérature sur l'Asie de l'Est prend comme modèle le développement économique et social du Nord-Atlantique, insistant également sur un chemin spécifiquement "Est-Asiatique" qui a été suivi par la region dans le 20e siècle. Néanmoins, l'histoire du développement économique dans les regions centrales de l'Europe est semblable à celle de L'Asie de l'Est, jusqu'au début du 19e siècle. La divergence de l'Europe après 1800 se déterminait comme résultat d'un accès exceptionnel aux ressources naturelles permettant une sur-croissance économique ininterrompue. La croissance en Asie de l'Est était nettement moins dependante sur l'acces aux ressources, et fût basée sur un système d'idées sociales très différent. Plus récemment, le modèle "Est-Asiatique" de croissance économique est apparu en Chine littorale, mais non à l'interieur du pays. L'intérêt actuel des stratégies du développement (tres semblables, d'ailleurs, à celles prevues par Gerschenkron) basées sur l'accès aux ressources, et organisées autour de l'intervention centralisée de l'état dans ces régions n'a rien de surprenant, mais pose en même temps des risques très graves pour l'environnement et pour la société dans les régions de l'intérieur.

Issues and Challenges of Asian Development

Worldview ◽  
1975 ◽  
Vol 18 (7-8) ◽  
pp. 36-39
Author(s):  
Saburo Okita
Keyword(s):  
Growth Opportunities ◽  
Asian Development ◽  
Good Shape ◽  
Monetary System ◽  
The Social ◽  
The World ◽  
Short And Long Term ◽  
Oil Crisis ◽  
Complicated Nature

The economy of Southeast Asia has been in relatively good shape in spite of the instability of the world monetary system, trade deficits, and the worldwide oil crisis. There are promising factors for economic growth, opportunities for employment, and possibilities of rising income. But Asian development presents short-and long-term problems of a very complicated nature. One of the most serious problems is inflation and its impact on the social and political programs of individual countries. At the same time, there are severe shortages of basic commodities, such as oil and food. My own country, Japan, is among those affected.

scholarly journals Are Family Firms More Levered? An Analysis of Family and Non-Family Firms

SAGE Open ◽  
2021 ◽  
Vol 11 (2) ◽  
pp. 215824402110223
Author(s):  
Jahanzaib Haider ◽  
Abdul Qayyum ◽  
Zalina Zainudin
Keyword(s):  
Family Firms ◽  
East Asian ◽  
Ordinary Least Squares ◽  
Maturity Structure ◽  
The Family ◽  
Asian Economies ◽  
The Board Of Directors ◽  
East Asian Economies ◽  
Combined Data

This study analyzes the leverage policies of the family and non-family firms of eight East Asian Economies (Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, and Taiwan) by using combined data of 690 family and non-family firms with 3,224 firm–years over the period 2006–2010. This study has used an ordinary least squares (OLS) regression for analyzing the data for the first question, while for the second question, logit regression has been used as the dependent variable (a binary variable). Prior research on family and non-family firms has revealed that family firms issue less (high) debt than non-family firms. Our analysis on a sample of East Asian Economies discloses that family firms have significantly different leverage levels than non-family firms, but their signs are not consistent. On the contrary, when the owner works as CEO/Chairman or member of the Board of Directors, then the family firms issue less debt than the non-family firms. Besides that, this study adds a new question that has not been addressed in the prior studies. The new question has focused on the speed of leverage adjustment. It is found that family firms and non-family firms regarding their debt maturity structure (short-term debt and long-term debt), the speed of leverage adjustments, and their decision to issue securities (i.e., debt vs. equity) are not significantly different. This study concluded that though family firms have a strong influence on each economy, but in South-East Asian countries, leverage policies of the family firms are not much different than that of non-family firms.

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