Abstract
On the conventional route’s high speed track, only the more daring have managed to navigate the main thoroughfare. Fast-tracking runs greater risk of collision, but also offers the passengers greater rewards, at least in the short term, should they survive the deadly traffic. Both dismal failures and spectacular successes have been recorded.
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Notes and References
Empirical data for this chapter are derived from the National Trade Data Bank. Lee Kuan Yew’s statement is drawn from ‘Determined Trend towards Asian Values’, Financial Times (London), 24 February 1995.
Singapore’s GNP per capita ranking is indicated in World Bank, World Development Report 1995 (New York: Oxford University Press, 1995) p. 163.
The analysis on land reform relies heavily upon J. Yager, Transforming Agriculture in Taiwan (Ithaca, NY: Cornell University Press, 1988) and
Anis Chowdhury and Inyanatul Islam, The Newly Industrialising Economies of East Asia (London and New York: Routledge, 1993). The quote from Bruce Cumings regarding the East Asian economies is also drawn from Chowdhury and Islam (p. 28).
Offering varied interpretation, the vast secondary literature on the NICs includes: Alice H. Amsden, Asia’s Next Giant: South Korea and Late Industrialization (New York: Oxford University Press, 1989);
Richard P. Appelbaum and J.W. Henderson, States and Development in the Asian Pacific Rim (Newbury Park: Sage, 1992);
Giovanni Arrighi, ‘The Developmentalist Illusion: A Reconceptualization of the Semiperiphery’ in William G. Martin (ed.) Semiperipheral States in the World Economy (Westport, Conn.: Greenwood Press, 1990), pp. 11–42;
Walden Bello and Stephanie Rosenfeld, Dragons in Distress: Asia’s Miracle Economies in Crisis (San Francisco: The Institute for Food and Development Policy, 1990);
Peter Berger and Hsin-Huang Michael Hsiao, In Search of an East Asian Development Model (New Brunswick and London: Transaction, 1990);
Manfred Bienefeld, ‘The Significance of the Newly Industrializing Countries for the Development Debate’, Studies in Political Economy 25 (Spring 1988), pp. 7–39;
Robin Broad and John Cavanagh, “No More NICs”, Foreign Policy, 72 (Fall 1989) pp. 81–103.
James A. Caporaso, ‘Industrialization in the Periphery: the Evolving Global Division of Labor’, International Studies Quarterly, 25 (1981), pp. 347–384; Frederic
C. Deyo (ed.), The Political Economy of the New Asian Industrialism (Ithaca, NY: Cornell University Press, 1987);
Folker Fröbel, Jurgen Heinrichs and Otto Kreye (eds), The New International Division of Labour: Structural Unemployment in Industrialised Countries and Industrialisation in Developing Countries, trans. Pete Burgess (Cambridge: Cambridge University Press, 1980);
Gary Gereffi and Donald L. Wyman (eds), Manufacturing Miracles: Paths of Industrialization in Latin America and East Asia (Princeton, NJ: Princeton University Press, 1990);
Gary Gereffi and Miguel Korzeniewicz (eds), Commodity Chains and Global Capitalism (Westport, CT: Greenwood Press, 1993);
Stephen Haggard, Pathways from the Periphery: The Politics of Growth in the Newly Industrializing Countries (Ithaca, NY: Cornell University Press, 1990);
Gary Hamilton and Cheung-Shu Kao, ‘Max Weber and the Analysis of East Asian Industrialization’, International Sociology 2 (1987), pp. 289–300;
Paul W. Kuznets, ‘An East Asian Model of Economic Development: Japan, Taiwan, and South Korea’, Economic Development and Cultural Change, 36 (1988) — Supplement;
Robert B. Stauffer, ‘Review Essay: Postcolonial Industrialization and NIC-dom — Myths and “Lessons” from East and Southeast Asia’, Bulletin of Concerned Asian Scholars, 25 (1993), pp. 49–58.
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© 1997 James H. Mittelman and Mustapha Kamal Pasha
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Mittelman, J.H., Pasha, M.K. (1997). The Conventional Route, Joining Global Capitalism: Track 2 — the Asian NICs. In: Out from Underdevelopment Revisited. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25183-4_6
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