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Alternative Perspectives on Late Industrialization in East Asia: A Critical Survey

Department of Economics, Indiana State University, Terre Haute IN 47809; Department of Economics, Lewis and Clark College, Portland OR 97219 ecburke{at}scifac.indstate.edu

Martin Hart-Landsberg

Department of Economics, Indiana State University, Terre Haute IN 47809; Department of Economics, Lewis and Clark College, Portland OR 97219 marty{at}lclark.edu

This paper evaluates the five most popular analytical approaches to the East Asian "miracle" economies: neoliberal, structural-institutional, "flying geese," Greater China, and dependency perspectives. Distinguishing between national and regional development visions, we specify the key forces that each approach sees driving industrialization and growth, as well as the most likely barriers each sees to continued growth and development in East Asia. In pointing out the main analytical shortcomings of the five perspectives in light of the East Asian crisis, we sketch some key elements of a Marxist framework capable of overcoming these difficulties in a politically useful way.

Key Words: East Asia • Industrialization • Growth • Marx • Economic crisis

Review of Radical Political Economics, Vol. 32, No. 2, 222-264 (2000)
DOI: 10.1177/048661340003200203


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