Asian Political Economy
This seminar will focus on the postwar political and economic experiences of the Asian region. It will examine how the economy has been developed and what predicaments have derived from the rapid growth.
In the first half of the seminar, we will explore the causes and processes of industrialization in the East Asian countries. The East Asian countries, which have distinct political regimes, economic systems, and geo-political conditions, have successfully created the “East Asian Miracle” and effectively distributed the wealth and maintained the social stability. The second half of the seminar leads the discussion to the turning point in Asia’s achievement – the 1997/98 financial crisis. The financial epidemic swept the Asian economies and the regional economic order collapsed. The Asian countries had responded to the crisis differently and found their own paths to recovery. The seminar will close by exploring China’s rise, regional integration, the US role, and the emerging issues in the region.