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10 - Conclusion

East Asian Developmental States in the Twentieth Century

Published online by Cambridge University Press:  21 July 2022

Chin-Hao Huang
Affiliation:
Yale-National University of Singapore College
David C. Kang
Affiliation:
University of Southern California
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Summary

A massive debate over the origins of the East Asian economic miracles has focused primarily on political and economic decisions taken in the last fifty years. In searching for the origins of strong developmental states, the farthest back in history some have gone is to credit Japanese imperialism of the early 20th century as creating developmental states in Korea and Taiwan. Yet the Japanese colonial experience cannot explain China’s phenomenal economic growth in the past four decades. We move the arguments for organized, institutionalized, orderly East Asian societies back at least one thousand years. In this concluding chapter, we show that many of the “institutionalist” arguments from North, Weingast, and others that purport to explain European economic success over the centuries are totally wrong in the East Asian context. Not only do these East Asian countries have states far earlier than in Europe, they also did not develop central banks or external finance: their massive state operations were financed solely by tax revenues over more than one thousand years. This is a challenge to almost all economic history.

Type
Chapter
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State Formation through Emulation
The East Asian Model
, pp. 186 - 196
Publisher: Cambridge University Press
Print publication year: 2022

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  • Conclusion
  • Chin-Hao Huang, David C. Kang, University of Southern California
  • Book: State Formation through Emulation
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009089616.011
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  • Conclusion
  • Chin-Hao Huang, David C. Kang, University of Southern California
  • Book: State Formation through Emulation
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009089616.011
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Conclusion
  • Chin-Hao Huang, David C. Kang, University of Southern California
  • Book: State Formation through Emulation
  • Online publication: 21 July 2022
  • Chapter DOI: https://doi.org/10.1017/9781009089616.011
Available formats
×