East Asian model

The East Asian model[1] is an economic model connected to Japan, Four Asian Tigers,[2] China since the late 1970s,[3] and Vietnam since 1986.[4] This economic system differs from a centrally planned economy. East Asian model of capitalism refers to the high rate of savings and investments, high educational standards, assiduity and export-oriented policy.[5]

References

  1. Chun, Lin (5 December 2013). China and Global Capitalism. Palgrave Macmillan. p. 78. ISBN 978-1137301253.
  2. Kuznets, Paul W. (April 1988). "An East Asian Model of Economic Development: Japan, Taiwan, and South Korea". Economic Development and Cultural Change. 36 (S3): S11–S43. doi:10.1086/edcc.36.s3.1566537. S2CID 153899556.
  3. Baek, Seung-Wook (January 2005). "Does China follow 'the East Asian development model'?". Journal of Contemporary Asia. 35 (4): 485–498. doi:10.1080/00472330580000281. S2CID 154114721.
  4. Leonardo Baccini, Giammario Impullitti, Edmund Malesky, "Globalisation and state capitalism: Assessing the effects of Vietnam’s WTO entry" Vox EU 17 May 2019Archived 24 March 2015 at the Wayback Machine
  5. (24 November 2010) European Social Model and East Asian Economic Model – Different Approach to Productivity and Competition in Economy . Report.