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  • 2000-2004  (3)
  • 2003  (3)
  • Washington, D.C : The World Bank  (3)
  • Cham : Springer International Publishing AG
  • Currencies and Exchange Rates  (3)
  • 1
    Language: English
    Pages: Online-Ressource (1 online resource (64 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: McNulty, Mary East Asia's Dynamic Development Model and the Republic of Korea's Experiences
    Keywords: Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry ; Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry ; Capital ; Competition ; Criteria ; Cultural Policy ; Culture & Development ; Currencies and Exchange Rates ; Debt Markets ; Development ; E-Business ; Economic Development ; Economic Progress ; Economic Theory and Research ; Economic Thought ; Economy ; Emerging Markets ; Finance and Financial Sector Development ; Financial Crisis ; Financial Crisis ; Financial Literacy ; Industry ; Influence ; Inheritance ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Technology Industry
    Abstract: No region has been more dynamic in recent years than East Asia. Despite its successful economic development, evaluations of the East Asian development model have often been capricious, shifting from "miracle" to "cronyism." How can we explain East Asia's ups and downs consistently? To respond to this challenge, it is necessary to study the progress of East Asian development and to trace the influence of Asian cultural values. This study mainly focuses on cultural aspects of economic progress and analyzes East Asia's philosophical and historical backgrounds to explain the dynamic process. East Asians believe that balance between opposite but complementary forces, Yin and Yang, will ensure social stability and progress. Through repeated rebalancing to maintain harmony, the society comes to maturity. In traditional East Asian societies, a balance was maintained between Confucianism (Yang) and Taoism, Buddhism, and other philosophies (Yin). In modern societies, the challenge is to balance traditional systems (Yang) and Western style capitalism (Yin). This East Asian development model explains the Republic of Korea's rise, fall, and recovery. Korea was a poor country until the early 1960s, during the time when spiritualism (Yang) dominated. From the 1960s through the 1980s, Korea achieved rapid growth by finding a new balance and moving toward materialism (Yin) from spiritualism (Yang). But the failure to maintain a harmonious balance between cooperatism and collectivism (Yang) and individualism (Yin) led to major weaknesses in labor and financial markets that contributed significantly to the financial crisis in 1997. As Korea arrived at a new balance by instituting reform programs, the venture-oriented information and communication technology (ICT) industry blossomed and led to a rapid economic recovery. Since 2000, domestic financial scandals and political corruption have emerged as new social issues. Korea's next challenge is to find a new harmonization between moralism (Yang) and legalism (Yin). This paper—a product of the Office of the Senior Vice President and Chief Economist, Development Economics—is part of a larger effort in the Bank to examine institutional and cultural foundations of development across regions and countries
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Martin, Will Economic Impacts of China's Accession to the World Trade Organization
    Keywords: Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization ; Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization ; Base Year ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Economy ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; Goods ; Growth Rate ; Influence ; Inputs ; International Economics & Trade ; Labor ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Quotas ; Social Protections and Labor ; Trade ; Trade Policy ; Trade Policy ; Trade Reform ; World Trade Organization
    Abstract: Ianchovichina and Martin present estimates of the impact of accession by China and Chinese Taipei to the World Trade Organization. China is estimated to be the biggest beneficiary, followed by Chinese Taipei and their major trading partners. Accession will boost the labor-intensive manufacturing sectors in China, especially the textiles and apparel sector that will benefit directly from the removal of quotas on textiles and apparel exports to North America and Western Europe. Consequently, developing economies competing with China in third markets may suffer relatively small losses. China has already benefited from the reforms undertaken between 1995 and 2001 (US
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ianchovichina, Elena The Impact of China's WTO Accession on East Asia
    Keywords: Capital ; Capital Markets ; Comparative Advantage ; Competition ; Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Development Economics ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange Rates ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; International Economics & Trade ; Investment ; Macroeconomics and Economic Growth ; Private Sector Development ; World Trade Organization ; Capital ; Capital Markets ; Comparative Advantage ; Competition ; Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Development Economics ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange Rates ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; International Economics & Trade ; Investment ; Macroeconomics and Economic Growth ; Private Sector Development ; World Trade Organization ; Capital ; Capital Markets ; Comparative Advantage ; Competition ; Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Demand ; Development Economics ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange Rates ; Exports ; Finance and Financial Sector Development ; Financial Literacy ; Free Trade ; International Economics & Trade ; Investment ; Macroeconomics and Economic Growth ; Private Sector Development ; World Trade Organization
    Abstract: China's World Trade Organization (WTO) accession will have major implications for China and present both opportunities and challenges for East Asia. Ianchovichina and Walmsley assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these effects using a dynamic computable general equilibrium model. China will be the biggest beneficiary of accession, followed by the industrial and newly industrializing economies (NIEs) in East Asia. But their benefits are small relative to the size of their economies and to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing countries in East Asia are expected to incur small declines in real GDP and welfare as a result of China's accession, mainly because with the elimination of quotas on Chinese textile and apparel exports to industrial countries China will become a formidable competitor in areas in which these countries have comparative advantage. With WTO accession China will increase its demand for petrochemicals, electronics, machinery, and equipment from Japan and the NIEs, and farm, timber, energy products, and other manufactures from the developing countries in East Asia. New foreign investment is likely to flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs, but negative for the less developed East Asian countries as a result of the contraction of these economies' textile and apparel sector. As China becomes a more efficient supplier of services or a more efficient producer of high-end manufactures, its comparative advantage will shift into higher-end products. This is good news for the poor developing economies in East Asia, but it implies that the impact of China's WTO accession on the NIEs may change to include heightened competition in global markets. This paper—a product of the Economic Policy Division, Poverty Reduction and Economic Management Network—is part of a larger effort in the network to assess the impact of China's WTO accession
    URL: Volltext  (Deutschlandweit zugänglich)
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