No region has been more dynamic in recent years than East Asia. Despite its successful economic development, evaluations of the East Asian development model have often been capricious, shifting from "miracle" to "cronyism." How can we explain East Asia's ups and downs consistently? To respond to...

This unique book provides comparative economic studies of Taiwan and Korea, and compares them mostly with Japan and the United States and finds that, in terms of the real GDP per capita in PPP, these emerging East Asian countries are still emerging in the world economy. This book contributes to...