Abstract
Asia’s ‘version of capitalism … emphasising not markets but government planning and long-term relationships … is now widely regarded as a problem rather than a solution.’1 ‘Gone are all the self-confident claims about the superiority of Asian values.’2 And Asian gloom is matched by American triumphalism. Markets win. Goethe was right. America has it better.
Much of the argument of this paper also appears in Dore (2000).
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References
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© 2001 Cambridge Political Economy Society
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Dore, R. (2001). Asian Crisis and the Future of the Japanese Model. In: Chang, HJ., Palma, G., Whittaker, D.H. (eds) Financial Liberalization and the Asian Crisis. Palgrave Macmillan, London. https://doi.org/10.1057/9780230518629_13
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DOI: https://doi.org/10.1057/9780230518629_13
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