State-market relations in East Asia and institution-building in the Asia-Pacific

East Asia

Volumn 18, Issue 1, 2000, Pages 5-33

  Yoshimatsu, Hidetaka ^a  

^a International Centre for the Study of East Asian Development   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

ECONOMIC PLANNING; INSTITUTIONAL DEVELOPMENT; POLITICAL ECONOMY; STATE-LOCAL RELATIONS;

ASIA;

EID: 0033938805     PISSN: 10966838     EISSN: None     Source Type: Journal    
DOI: 10.1007/s12140-000-0002-9     Document Type: Article

References (64)

1. 1. For instance, trade between East Asian countries (ASEAN, South Korea, Japan, and the three Chinese entities) jumped from 32 percent of those countries trade in 1983 to 43 percent in 1993. The Economist, November 12, 1994, p. 12.
2. 2. Nicole Gallant and Richard Stubbs, “APEC's Dilemmas: Institution-Building Around the Pacific Rim.” Pacific Affairs, Vo. 70, no. 2 (1997); Deng Yong, “Japan in APEC: The Problematic Leadership Role.” Asian Survey, Vol.37, no.4 (1997).
3. 3. John Stremlau 1994 Clinton's Dollar Diplomacy Foreign Policy 97 21 21 John Stremlau “Clinton's Dollar Diplomacy,” Foreign Policy, Vol. 97 (1994/95), p. 21.
4. 4. Walden Bello Shea Cunningham 1994 Trade Warfare and Regional Integration in the Pacific: The USA, Japan and the Asian NICS Third World Quarterly 15 no. 3 456 456 Walden Bello and Shea Cunningham, “Trade Warfare and Regional Integration in the Pacific: The USA, Japan and the Asian NICS”. Third World Quarterly, Vol. 15, no. 3 (1994), p. 456; Mark Beeson and Jayasuriya Kanishka, “The Political Rationalities of Regionalism: APEC and the EU in Comparative Perspective.” The Pacific Review, Vol. 11, no.3 (1998), p. 328.
5. 5. Joseph A. Camilleri, “Regionalism and Globalism in Asia-Pacific: The Interplay of Economy, Security and Politics.” http://www.org/joseph-camilleri.html
6. 6. Anne O. Krueger 1985 The Experience and Lessons of Asia's Super Exporters V. Corbo Anne O. Krueger A. Ossai Export-Oriented Development Strategies Westview Press Boulder, Co. Anne O. Krueger, “The Experience and Lessons of Asia's Super Exporters.” In: V. Corbo, Anne O. Krueger and A. Ossai (eds.) Export-Oriented Development Strategies Boulder, Co.: Westview Press, 1985); Bela Balassa, “The Process of Industrial Development and Alternative Development Strategies.” In: Bela Balassa (ed.) The Newly Industrializing Countries in the World Economy (New York: Pergamon, 1981).
7. 7. The World Bank long stood in line with the neo-classical perspective. However, it gradually modified its tune. In The East Asian Miracle report, the bank admitted that in Japan, South Korea and Taiwan, the government intervened to foster development and that “these strategies of selective promotion wereclosely associated with high rates of private investment and, in the fastest-growing economies, high rates of productivity growth” (World Bank, The East Asian Miracle: Economic Growth and Public Policy [New York: Oxford University Press, 1993], p.6) The 1997 World Development Report further assesses the role of state, proposing a two-part strategy for greater state effectiveness: to match the state's role to its existing capability, and to reinvigorate the state's institutional capability through rules, partnerships, and competitive pressures (World Bank, World Development Report 1997 [Washington D. C.: World Bank, 1997]).
8. 8. Chalmers Johnson 1982 MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925–1975 Stanford University Press Stanford Chalmers Johnson, MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925–1975 (Stanford: Stanford University Press, 1982); T. J. Pempel, Policy and Politics in Japan: Creative Conservatism (Philadelphia: Temple University Press, 1982); John Zysman, Governments, Markets, and Growth: Financial Systems and the Politics of Industrial Change (Ithaca, N.Y.: Cornell University Press, 1983).
9. 9. Chalmers Johnson 1987 Political Institutions and Economic Performance: The Govemment Business Relationship in Japan, South Korea, and Taiwan Frederic C. Deyo The Political Economy of the New Asian Industrialism Cornell University Press Ithaca, N.Y. Chalmers Johnson, “Political Institutions and Economic Performance: The Govemment Business Relationship in Japan, South Korea, and Taiwan.” In Frederic C. Deyo (ed.) The Political Economy of the New Asian Industrialism, (Ithaca, N.Y.: Cornell University Press, 1987); Alice H. Amsden, Asia's Next Giant: South Korea and Late Industrialization (New York: Oxford University Press, 1989); Robert Wade, Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization (Princeton, N.J.: Princeton University Press, 1990).
10. 10. D. Friedman 1988 The Misunderstood Miracle: Industrial Development and Political Change in Japan Cornell University Press Ithaca, N.Y. D. Friedman, The Misunderstood Miracle: Industrial Development and Political Change in Japan (Ithaca, N.Y.: Cornell University Press, 1988); G. W. Noble, “The Japanese Industrial Policy Debate.” In Stephan Haggard and Chung-in Moon (eds) Pacific Dynamics: The International Politics of Industrial Change (Inchon: Center for International Studies, Inha University: Boulder, Co.: Westview Press, 1989); Moon Chung-in, “Beyond Statism: The Political Economy of Growth in south Korea, “ International Studies Notes, Vol. 15 (1990); Sato Yukihito, “Taiwan no keizai hatten ni okeru seifu to minkan kigyo” (Government and firms in Tai-wanese economic development) in Hattori Tomio and Sato Yukihito (eds.) Kankoku taiwan no hatten mekanizumu (Development mechanism in Korea and Taiwan), (Tokyo: Ajia keizai kenkyujo, 1996).
11. 11. Richard J. Samuels 1987 The Business of the Japanese State: Energy Markets in Comparative and Historicalo Perspective Cornell University Press Ithaca, N.Y. Richard J. Samuels, The Business of the Japanese State: Energy Markets in Comparative and Historicalo Perspective (Ithaca, N.Y.: Cornell University Press 1987). Frances M. Rosenbluth, Financial Politics in Contemporary Japan (Ithaca, N.Y.: Cornell University Press, 1989); Moon Chung-in, “Changing State-Business Relations in South Korea Since 1980.” In Andrew MacIntyre (ed.) Business and Government in Industrializing East and Southeast Asia, (Ithaca, N.Y.: Cornell university Press, 1994); Calder Kent E., Strategic Capitalism: Private Business and Public Purpose in Japanese Industrial Finance (Princeton, N.J.: Princeton University Press, 1993).
12. 12. Richard F. Doner, “Limits of State Strength: Toward an Institutionalist View of Economic Development,” World Politics, Vol. 44 (1992); Peter B. Evans, Embedded Autonomy: States and Industrial Transformation (Princeton N.J.: Princeton University Press, 1995); Linda Weiss and John M. Hobson, States and Economic Development: A Comparative Historical Analysis (Cambridge: Polity Press, 1995).
13. 13. Evans, Embedded Antonomy
14. 14. Weiss and Hobson, States and Economic Development.
15. 15. Chalmers Johnson 1987 Political Institutions and Economic Performance: The Govemment Business Relationship in Japan, South Korea, and Taiwan Frederic C. Deyo The Political Economy of the New Asian Industrialism Cornell University Press Ithaca, N.Y. 152 152 Johnson, “Political Institutions and Economic Performance,”, p. 152; Wade, Robert Wade, Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization (Princeton, N.J.: Princeton University Press, 1990). pp. 217–24.
16. 16. Hilton Root 1996 Small Countries, Big Lessons: Governance and the Rise of East Asia Oxford University Press New York 25 26 Hilton Root, Small Countries, Big Lessons: Governance and the Rise of East Asia (New York: Oxford University Press, 1996), pp. 25–26.
17. 17. Inoue Ryuichiro 1993 An East Asian Industrial Policy Model Inoue Ryuichiro Hirohisa Kohama Shujiro Urata Industrial Policy in East Asia JETRO Tokyo 18 18 Inoue Ryuichiro, “An East Asian Industrial Policy Model,” In Inoue Ryuichiro, Hirohisa Kohama, and Shujiro Urata (eds), Industrial Policy in East Asia (Tokyo: JETRO, 1993), p. 18.
18. 18. Sone Yasunori 1993 Conclusion: Structuring Political Bargains: Government, Gyokai, and Markets Gary D. Allinson Yasuniro Sone Political Dynamics in Contemporary Japan Cornell University Press Ithaca, N.Y. 300 300 Gyokai normally mean a formal association (industrial association) which represents the interests of a specific industrial sector. Sone uses the term of gyokai in a broader sense, referring to “all of the entities (firms, enterprises, and trade associations) that fall under the legal jurisdiction of a particular ministry” (Sone Yasunori, “Conclusion: Structuring Political Bargains: Government, Gyokai, and Markets”, In Gary D. Allinson and Yasuniro Sone (eds), Political Dynamics in Contemporary Japan (Ithaca, N.Y.: Cornell University Press, 1993), p. 300.
19. 19. Chung H. Lee 1992 The Government, Financial System, and Large Private Enterprises in the Economic Development of South Korea World Development 20 no. 2 192 192 Chung H. Lee, “The Government, Financial System, and Large Private Enterprises in the Economic Development of South Korea,” World Development, vol. 20, no. 2 (1992), p. 192.
20. 20. Linda Weiss 1998 The Myth of the Powerless State: Governing the Economy in a Global Era Polity Press Cambridge 62 63 Linda Weiss, The Myth of the Powerless State: Governing the Economy in a Global Era (Cambridge: Polity Press, 1998), pp. 62–63.
21. 21. Linda Weiss 1998 The Myth, of the Powerless State: Governing the Economy in a Global Era Polity Press Cambridge 59 59 Ibid., p. 59.
22. 22. Carol A. G. Jones 1994 Capitalism, Globalization and Rule of Law: An Alternative Trajectory of Legal Change in China Social and Legal Studies 3 no 1 197 197 Carol A. G. Jones, “Capitalism, Globalization and Rule of Law: An Alternative Trajectory of Legal Change in China,” Social and Legal Studies, Vo,. 3, no 1 (1994), p. 197.
23. 23. Johnson, MITI and the Japanese Miracle.
24. 24. World Bank, The East Asian Miracle.
25. 25. Jose Edgardo Compos Hilton L. Root 1996 The Key to the Asian Miracle: Making Shared Growth Credible The Brookings Institution Washington D.C. 9 9 Jose Edgardo Compos and Hilton L. Root The Key to the Asian Miracle: Making Shared Growth Credible (Washington D.C.: The Brookings Institution, 1996), p. 9.
26. 26. Jose Edgardo Compos Hilton L. Root 1996 The Key to the Asian Miracle: Making Shared Growth Credible The Brookings Institution Washington D.C. 9 9 Ibid..
27. 27. Murakami Yasusuke 1992 Han koten no seiji keizai gaku An anti-classical political economic analysis Chuo koronsha Tokyo 90 90 Murakami Yasusuke, Han koten no seiji keizai gaku (An anti-classical political economic analysis) (Tokyo: Chuo koronsha, 1992), p. 90.
28. 28. Unofficial regional institutions were formed before such as, the business related Pacific Basin Economic Council (PBEC) in 1967; the academic Pacific Trade and Development conference (PAFTAD) founded in 1969; and the Pacific Economic Cooperation Conference (PECC, now Council) in 1980. For the role of non-governmental fora in promoting regional economic cooperation, see laurence Woods, Asia-Pacific Diplomacy: Non-governmental Organisations and International Relations (Vancouver: University of British Columbia Press, 1995).
29. 29. The founding members are the six ASEAN members, the United States, Canada, Japan, South Korea, Australia and New Zealand. The membership expanded to 21 by 1998.
30. 30. Open regionalism is referred to as regional economic cooperation that is consistent with the GATT principles and does not discriminate against other economies (Elek Andrew, “Pacific Economic Co-operation: Policy Choices for the 1990s,” Asian-Pacific Economic Literature, Vol. 6, no.1 [1992]). The benefits of trade liberalisation in one economy are expanded not only to all APEC member economies, but also to any non-member economy.
31. 31. It is dangerous to classify the APEC members into the two groups too simply. For instance, Indonesia joined Australia and the United States in formulating the liberalisation goals in 1994, although Japan, China, and Malaysia sought to hold back. However, it is still possible to identify general differences in approach between the Asian and western members.
32. 32. Gallant Nicole Stubbs Richard 1997 APEC's Dilemmas: Institution-Building Around the Pacific Rim Pacific Affairs 70 no. 2 209 209 Gallant and Stubbs, p. 209; Deng Deng Yong, “Japan in APEC: The Problematic Leadership Role.” Asian Survey, Vol.37, no.4 (1997). p. 358.
33. 33. Funabashi Yoichi 1995 Asia-Pacific Fusion: Japan's Role in APEC Institute for International Economics Washington D.C. 121 121 Funabashi Yoichi, Asia-Pacific Fusion: Japan's Role in APEC (Washington D.C.: Institute for International Economics, 1995), p. 121.
34. 34. Stephan Haggard 1995 Developing Nations and the Politics of Global Integration The Brookings Institution Washington D.C. 113 14 Stephan Haggard, Developing Nations and the Politics of Global Integration (Washington D.C.: The Brookings Institution, 1995), pp. 113–14.
35. 35. Ecotech was first referred to development cooperation as APEC's major concern. Ecotech began in seven areas: 1) review of trade and investment data, 2) trade promotion, 3) expansion of investment and technology transfer, 4) human resource development, 5) energy, 6) marine resource conservation, and 7) telecommunications. In the 1991 Seoul ministerial meeting, three more areas—transportation, tourism, and fisheries—were added.
36. 36. Yamakage Susumu 1997 ASEAN pawaa: Ajia taiheiyo no chukaku he ASEAN power: Toward a Center of, the Asia-Pacific Tokyo daigaku shuppankai Tokyo 245 245 Yamakage Susumu, ASEAN pawaa: Ajia taiheiyo no chukaku he (ASEAN power: Toward a Center of, the Asia-Pacific), (Tokyo: Tokyo daigaku shuppankai, 1997), p. 245.
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