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Economic Liberalization and Integration in East Asia

Economic Liberalization and Integration in East Asia

A Post-Crisis Paradigm

Yung Chul Park

OUP Oxford
Publication date : 2005-12-15

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Several years before the 1997-98 Asian financial crisis, most East Asian economies with the exception of China had engaged in the liberal reform prescriptions of the Washington Consensus. The Asian financial crisis added impetus to the transformation process as the crisis countries accepted the Washington Consensus as part of their commitment to the IMF policy conditionality. In this book the author argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia. In doing so, he covers the accomplishments and failures of the East Asian development model and the reform agenda for a new East Asian paradigm for post-crisis development.

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About the book

Author

Yung Chul Park

Imprint

OUP Oxford

Collection

n.c

Publication date

2005-12-15

Pages

n.c

Print ISBN

9780191534928

Language

English

Ebook informations

EAN PDF

9780191534928

Price

£24.25

Copy count 0

Print count 0

File size 2499 Ko

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About author(s)

Yung Chul Park

Yung Chul Park is Professor of Economics at Seoul National University and a member of National Economic Advisory Council. He was an ambassador for International Economy and Trade, Ministry of Foreign Affairs and Trade, 2001-2002 and Chairman of the board at the Korea Exchange Bank in Seoul, Korea,1999-2001. He previously served as the Chief Economic Adviser to President Doo Hwan Chun of Korea and as a member of the Central Bank of Korea's Monetary Board. He has also held positions at Harvard University, Boston University and the International Monetary Fund.

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