Capitalist Development and Economism in East Asia

Taking a conceptual approach, this book studies the economic development of the four East Asian economies since 1950. The author summarizes and reconsiders many of the arguments and findings that supported and explained the economic 'miracles' of Hong Kong, Singapore, Taiwan and South Korea, analysing the relationship between economic development, growth and political economy. This pioneering book will stimulate further analysis of East Asian development. It will be of essential interest to scholars in East Asian economics, and all those interested in modern economic development.

Kui-Wai Li

1. Economism and Development2. The Expansion of the East Asian Economic Pie3. Growth, Inequality and the Survival Cost4. Economic Fertilizer and the Government5. The External Dimension: a Necessary Condition6. The Law of First Opportunity in Economic Growth7. Economism and Political Regimes8. The Asian Financial Crisis9. Challenge to Economism: Hong Kong's Sovereignty Reversion10. Asia is No Miracle