Catching up, Forwarding Ahead, and Falling Behind of the Nations

  • Author: Lee Geun et al.
  • Publication Date: August / 2013
  • Publisher: SNUPRESS

This book has two purposes. First is to scrutinize on how a nation prospers and perishes. In other words, this book analyzes on the catching up, forwarding ahead, and falling behind of nations. The rise of a new nation is connected to the creation of a new path which differs from the preexisting powerhouses. The fall of a preexisting powerhouse is related to the weakening of previous methods following environmental changes. Second is the analysis on the Asian growth model. Of the non-Western countries, only Asian countries have accomplished economic outcomes similar to developed countries. The first generation Asian nations are Japan, Korea, Taiwan, Singapore, and Hong Kong. These countries have pursued the external growth model but have been in relative recession since the ‘Japanese Disease’. On the other hand, the second generation Asian nations have been appearing centering around China and India. This book analyzes on the achievements and limitations of the growth model employed by the first generation Asian countries. This book further illustrates on the new paths of the second generation Asian model. The experience of the Non-Asian nations such as Netherland and Denmark will provide useful assistance when exploring such new paths.