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The East Asian Escape from Economic Backwardness: Retrospect and Prospect

Nicholas Crafts

in The Economic Future in Historical Perspective

Published in print:
2006
Published Online:
January 2012
ISBN:
9780197263471
eISBN:
9780191734786
Item type:
chapter
Publisher:
British Academy
DOI:
10.5871/bacad/9780197263471.003.0007
Subject:
Economics and Finance, Economic History

This chapter is concerned with state policies and institutional arrangements that have figured prominently in the recent East Asian ‘economic miracle’, and assesses the significance of the financial ... More


The Next-Tier NICs: Tomorrow's Miracles

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0010
Subject:
Economics and Finance, International

A general concern among development economists is whether there will be another group of “baby tigers” in the world economy. This chapter examines the prospects of the next tier of NICs—notably the ... More


Prospects in OECD Markets

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0011
Subject:
Economics and Finance, International

Assessing the conditions of the world economy as background for the external trading environment for the NICs is necessary to provide a prospective scenario for the export status of the NICs, thus, ... More


Anatomy of Success

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0001
Subject:
Economics and Finance, International

“Little tigers,” “little dragons,” or the “Gang of Four” these are the popular labels used for the four newly industrializing countries (NICs)—Hong Kong, Korea, Taiwan, and Singapore—that have been ... More


The Comparative Advantage of the NICS

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0002
Subject:
Economics and Finance, International

This chapter examines the “revealed comparative advantage” (RCA) of the NICs. Balassa's thesis of “stages of comparative advantage” and measure of RCA is utilized to describe the relative trade ... More


The Sources of Export Growth

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0003
Subject:
Economics and Finance, International

To evaluate NICs' success with respect to product and market choices, this chapter traces the sources of their export growth. The rapid penetration of NIC manufactures in the OECD import markets, ... More


Export Patterns: Who's Ahead?

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0004
Subject:
Economics and Finance, International

Japan represents a fascinating role model to the East Asian NICs. In this chapter, the similarities and differences in export patterns among the NICs with those of Japan at various historic periods ... More


Theoretical Underpinnings of Success

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0005
Subject:
Economics and Finance, International

The relevance of some trade theories to the observed export performances of the NICs are analyzed and tested in this chapter. A penetrating examination of underlying product characteristics is used ... More


Coping with OECD Protectionism

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0006
Subject:
Economics and Finance, International

The chapter devotes its attention to the problem of trade protectionism in the OECD countries. The hypothesis that the NICs tended to consistently and skillfully shift their exports towards those ... More


Balancing Imports and Exports with OECD

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0007
Subject:
Economics and Finance, International

The two-way trade between the NICs and the OECD countries is the main focus of this chapter. The NICs' drive for export has generated a “boomerang effect,” creating increasingly lucrative markets for ... More


The Comparative Homogeneity of the East Asian NIC Exports of Similar Manufactures

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0008
Subject:
Economics and Finance, International

The issue of the comparative homogeneity of the NICs' manufactured exports are explored in this chapter. The hypothesis that the export responses of the four tigers to changes in the U.S. market ... More


Intra-Industry Trade: Diversification Versus Specialization

Peter C. Y. Chow and Mitchell H. Kellman

in Trade—The Engine of Growth in East Asia

Published in print:
1993
Published Online:
October 2011
ISBN:
9780195078954
eISBN:
9780199855001
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195078954.003.0009
Subject:
Economics and Finance, International

This chapter analyzes patterns of inter-industry trade and intra-industry specialization by utilizing both parametric and nonparametric econometric tests. Certain cyclical patterns that remain ... More


The International Economic Background

Alfred Maizels, Robert Bacon, and George Mavrotas

in COMMODITY SUPPLY MANAGEMENT BY PRODUCING COUNTRIES: A Case-Study of the Tropical Beverage Crops

Published in print:
1997
Published Online:
October 2011
ISBN:
9780198233381
eISBN:
9780191678981
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198233381.003.0002
Subject:
Economics and Finance, Development, Growth, and Environmental

Since the early 1980s different developing countries have exhibited wide disparities in terms of growth rates. Along with China, East Asia's newly industrializing countries (NICs) — South Korea, Hong ... More


Development Theories

John Harriss

in International Development: Ideas, Experience, and Prospects

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199671656
eISBN:
9780191751127
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671656.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental

Development theories are about understanding how the processes of change in societies take place. Scholars from historically less-developed parts of Europe, and from the colonial world, contributed ... More


Trade and Finance in Development Thinking

José Antonio Ocampo

in International Development: Ideas, Experience, and Prospects

Published in print:
2014
Published Online:
April 2014
ISBN:
9780199671656
eISBN:
9780191751127
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199671656.003.0018
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter summarizes the controversies on trade and finance in relation to developing countries as they have evolved since the Second World War. It shows the significant divergences among schools ... More


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