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To the East Asian developmental states, however, "getting prices wrong" (to quote Alice Amsden)' in the form of concessionary loans and protectionist multitiered exchange rates has been part and parcel of the development experience.
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2, Fall 1997 economie stagnation or decline (p. China Review International University of Hawai'I Press ĥ20 China Review International: Vol. Two volumes on Japan and two volumes on Singapore, This two-volume set is part of a larger six-volume series, The Political Economy of East Asia, edited by John Ravenhill. Chalmers Johnson, MITI and the Japanese Miracle (Stanford: Stanford University Press, 1982). Alice Amsden, Asia's Next Giant: South Korea and Late Industrialization (New York: Ox- ford University Press, 1992). Pomfret con- tinue to hope.2 Karl Fields University of Puget Sound Karl Fields is an associate professor ofpolitics and government specializing in East Asian political economy. A transition in China, Vietnam, and elsewhere is occurring, but, to use Chalmers Johnson's categorization, these transitions will more likely be from "plan ideological" economies to "plan rational" economies, not the "market rational" ones for which the World Bank and Mr. China, Korea and Taiwan (review) China, Korea and Taiwan (review)ĥ20 China Review International: Vol.
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