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Growth, Crisis, and Recovery in East Asia
Author(s) -
Hugon Philippe
Publication year - 2000
Publication title -
international social science journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.237
H-Index - 43
eISSN - 1468-2451
pISSN - 0020-8701
DOI - 10.1111/1468-2451.00279
Subject(s) - regionalisation , east asia , context (archaeology) , economics , politics , competition (biology) , imperfect competition , imperfect , development economics , political science , economic system , economic geography , geography , china , ecology , linguistics , philosophy , neoclassical economics , archaeology , law , biology
Both success and crisis in East Asia are interpreted, in the “Washington Consensus”, byreference to the laws of the market, and to the economic policies and institutional frameworks of “countries”. This approach rules out consideration of the connections between economics and politics, the context of imperfect competition, the role of goal‐oriented policies, and regional interdependence. This article provides an introduction to the debate about the main factors used to explain growth in East Asia, and goes on to analyse the regionalisation process in a context of growth, crisis, and recovery by “regional contagion”.