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This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...
Persistent link: https://www.econbiz.de/10010242870
' economic power that strengthened over time. With farmland reform (1950) and the Korean War (1950-1953), the private sector in …
Persistent link: https://www.econbiz.de/10013117145
China has created an economic miracle since its economic reforms began in the late 1970s, becoming the fastest growing economy in the world. The tremendous success of China’s economy has attracted worldwide attention. But at the same time, it has raised concerns as the country’s enormous...
Persistent link: https://www.econbiz.de/10014103773
How far do China’s property prices need to drop in order to trigger a GDP reaction that looks like a price bubble bursting? What does this question tell us about the way Bubble Economies work? In this paper, argue for a separate analysis of ‘Bubble Economics’ – as the non-linear and...
Persistent link: https://www.econbiz.de/10013251254
The purpose of this paper is to set the issue of Chinese investment in Southeast Asia in two contexts: the changing geography of economic growth and patterns of trade and investment across the world as a whole, and the accompanying quiet revolution that has taken place in the international...
Persistent link: https://www.econbiz.de/10013067322
This study takes as its starting point what Gunnar Myrdal had to say about Viet Nam in the context of his seminal work, Asian Drama: An Inquiry into the Poverty of Nations, published in 1968. Myrdal pointed to the decisive nature of the Vietnamese people; and subsequent developments, which are...
Persistent link: https://www.econbiz.de/10011913529
During the late 1950s and early 1960s, when Japan experienced a period of rapid economic growth comparable to that of …
Persistent link: https://www.econbiz.de/10013071347
five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la … explores the agrarian origins of institutions in Qing China and Tokugawa Japan (and briefly Choson Korea) and their path … institutional evolution between China and Japan, which also clarifies the simplicity of prevailing arguments that identify East …
Persistent link: https://www.econbiz.de/10009407779
sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of … varied nature of the political states of Qing China, Tokugawa Japan, and Yi Korea by focusing on the way in which …
Persistent link: https://www.econbiz.de/10013099065
Japan’s remarkable postwar growth spurt in the 1960s would not have been possible without Japan’s alliance with the … growth trajectories of Japan and a statistically constructed “synthetic” Japan, which had a similar profile until the late … 1950s but did not experience the consolidation of the U.S.–Japan alliance, a process that began in 1958 and culminated with …
Persistent link: https://www.econbiz.de/10014155251