GINS 2010 Lecture Notes - Lecture 11: Hutchison Whampoa, Asus, Exchange Rate
13 Dec 2016
School
Department
Course
Professor
Experiences of Economic Development: East Asia
Week 11 – December 1, 2016
Proportion, development and distances
-East Asia is home to a full spectrum of economic development, from least to highly developed countries
-Has the largest population, 2 billion people
-The most dynamic region in the world since mid-XX Century in economic growth, trade, finance and
migration
-But development varies greatly within East Asia:
-Northern East Asia: high GDP/c or developed
-South East Asia: mid to low GDP/c
-Most densely populated but slower growing demographically
-Separated by oceans and security issues from rest of the world
History and economic development
-Some of oldest still functioning states: China, Japan, Thailand
-Varied experiences in colonization
-From the West: British, French, Dutch, Spanish, USA
-From the East: Japanese
-Some correlation between colonizer and current development:
-More developed: colonized by Japan and UK
-Less developed: colonized by France, Spain, USA
-Very long history of ongoing resistance to colonial rule
-China, Japan, Indonesia, Myanmar (Burma)
-Recent independence for South East Asia (1950s) and Koreas
-Hot Cold War for ost of the regio
-Korea War, Vietnam War, regional tensions
Colonial patterns of development
-Plantation enclaves to provide Europe and United States
-Forced free-trade on China, Japan, Thailand
-Chia aitaied iteral arket, just so…
-Local economics allowed to function separately from colonial enclaves
-less impact from Great Depression
-Massive destruction during World War 2 and up to 1960s
-Vietnam war in South East Asia
Experience of war and insecurity
-States as guarantors of national security
-Societies are heavily controlled by military power
-Elites are subordinate to state leaders
-Tradition of well-prepared imperial states (China, Japan) or colonial states (SEAsia) maintained into XX
Century
-Allowed for substantial bureaucratic autonomy for states vis a vis society and elites
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Document Summary
From the west: british, french, dutch, spanish, usa. East asia is home to a full spectrum of economic development, from least to highly developed countries. The most dynamic region in the world since mid-xx century in economic growth, trade, finance and migration. Separated by oceans and security issues from rest of the world. Some of oldest still functioning states: china, japan, thailand. Very long history of ongoing resistance to colonial rule. Recent independence for south east asia (1950s) and koreas. Hot (cid:862)cold war(cid:863) for (cid:373)ost of the regio(cid:374) Plantation enclaves to provide europe and united states. Local economics allowed to function separately from colonial enclaves. Massive destruction during world war 2 and up to 1960s. Tradition of well-prepared imperial states (china, japan) or colonial states (seasia) maintained into xx. Allowed for substantial bureaucratic autonomy for states vis a vis society and elites. Legitimacy dependant on achieving security through economic success. If allied: substantial aid, market access for exports, technology transfers.
