During the last decade, international trade has witnessed a dramatic transition from a field dominated by theory to one dominated by empirics linked to theory. In this volume, Professor Bernhofen has selected an impressive range of critical papers by leading academics which have contributed...

Terutomo Ozawa introduces a newly reformulated theory of 'flying-geese' economic development, exploring Asia's dynamic growth and financial development. This unique book shows how the flying-geese theory can be expanded and applied to both the real- and the financial-sector structural...

The book analyzes the evolution of the concept of comparative advantage from the eighteenth century to the present day. It examines the origins of the concept of comparative advantage, its current status within economic thought and its validity in today's global economy. This comprehensive book...

Japan and South Korea are two of the most important success stories in recent economic history. Both countries have succeeded in achieving remarkably high growth rates to transform themselves from isolated agricultural societies to major industrial powers. In The Economics of Rapid Growth, Dirk...

The East Asian crisis has sparked debate regarding the future of emerging markets and the globalization of world capital markets. This book, with contributions by leading economists and political scientists, provides an up-to-date assessment of the causes and consequences of the crisis and the...

During the last decade of the twentieth century, the Korean peninsula was the stage for non-stop, dramatic political and economic events. This volume brings together an unusually broad range of perspectives on US policy towards North Korea, the North Korean economy, and North-South economic...

Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate...

Written by a distinguished group of Asian social scientists, this study summarizes and synthesizes the economic impacts of the crisis on individual countries and their policy response since 2008, and in particular carefully scrutinizes the immediate and remote causes of the crisis. It not only...

This book explores in-depth the major issues and important aspects of this economic recovery and its potential impact on growth, development, trade and investment. Expert contributors also discuss the global directions in international economic and financial relations, corporate and public...

1. Introduction -- Part I catch-up and leapfrogging at the economy level -- 2. Historical origins and initial conditions for economic catch-up (with H.Y. Lee) -- 3. Korean model of catch-up development: a 'capability-based view' -- 4. Intellectual property rights and technological catch up -- 5....