Responsible Development
Vulnerable democracies, hunger and inequality
Until the dramatic economic collapse of 1997, East Asia was the symbol of a successful market-led development strategy for Western governments, aid agencies and academics, despite underlying concerns about a lack of rights and freedoms. The crisis changed Asia and the world; currency depreciations, personal and state indebtedness, mass unemployment and rioting brought the paternalistic capitalist phase to an end in Asia. The decade following the economic crisis has seen a swift response, with the major restructuring of Asian economies, improved corporate governance, recapitalisation of banks, more attention paid to the environment and an accumulation of savings and foreign exchange reserves that are altering the shape of the global economy.
Dividing the countries that emerged from the crisis into three categories the Insecure Rich, the New Aspirants for Prosperity and the Danger Zone Noman analyses the complex Asian recovery and future challenges within the framework of Responsible Development. This framework contains an agenda for Asia that emphasises the simultaneous challenge of building sustainable democracies, a viable environment and an equitable economy. Covering the many related issues that pose a threat to Asian economic stability climate change, religious fascism, inequality and hunger this book will have particular relevance in the areas of development studies, economics, international politics and Asian studies.
Omar Noman is Head of the United Nations Development Programme Regional Center in Sri Lanka and was previously the Deputy Director of the Human Development Report Office (HDRO). Prior to working at the HDRO, where some key ideas for this book were developed, he taught at Oxford University, UK. With a mix of analytical skills and pragmatic policy experience gained in nearly 100 countries, he has written books on economics, political change and the environment.
Routledge Studies in the Growth Economies of Asia
1. The Changing Capital Markets of East Asia
Edited by Ky Cao
2. Financial Reform in China
Edited by On Kit Tam
3. Women and Industrialization in Asia
Edited by Susan Horton
4. Japans Trade Policy
Action or reaction?
Yumiko Mikanagi
5. The Japanese Election System
Three analytical perspectives
Junichiro Wada
6. The Economics of the Latecomers
Catching-up, technology transfer and institutions in Germany, Japan and South Korea
Jang-Sup Shin
7. Industrialization in Malaysia
Import substitution and infant industry performance
Rokiah Alavi
8. Economic Development in Twentieth Century East Asia
The international context
Edited by Aiko Ikeo
9. The Politics of Economic Development in Indonesia
Contending perspectives
Edited by Ian Chalmers and Vedi R. Hadiz
10. Studies in the Economic History of the Pacific Rim
Edited by Sally M. Miller, A.J.H. Latham and Dennis O. Flynn
11. Workers and the State in New Order Indonesia
Vedi R. Hadiz
12. The Japanese Foreign Exchange Market
Beate Reszat
13. Exchange Rate Policies in Emerging Asian Countries
Edited by Stefan Collignon, Jean Pisani-Ferry and Yung Chul Park
14. Chinese Firms and Technology in the Reform Era
Yizheng Shi
15. Japanese Views on Economic Development
Diverse paths to the market
Kenichi Ohno and Izumi Ohno
16. Technological Capabilities and Export Success in Asia
Edited by Dieter Ernst, Tom Ganiatsos and Lynn Mytelka
17. Trade and Investment in China
The European experience
Edited by Roger Strange, Jim Slater and Limin Wang
18. Technology and Innovation in Japan
Policy and management for the 21st century
Edited by Martin Hemmert and Christian Oberlnder
19. Trade Policy Issues in Asian Development
Prema-chandra Athukorala
20. Economic Integration in the Asia Pacific Region
Ippei Yamazawa
21. Japans War Economy
Edited by Erich Pauer
22. Industrial Technology Development in Malaysia
Industry and firm studies
Edited by Jomo K.S., Greg Felker and Rajah Rasiah
23. Technology, Competitiveness and the State
Malaysias industrial technology policies
Edited by Jomo K.S. and Greg Felker
24. Corporatism and Korean Capitalism
Edited by Dennis L. McNamara
25. Japanese Science
Samuel Coleman
26. Capital and Labour in Japan
The functions of two factor markets
Toshiaki Tachibanaki and Atsuhiro Taki
27. Asia Pacific Dynamism 15502000
Edited by A. J. H. Latham and Heita Kawakatsu
28. The Political Economy of Development and Environment in Korea
Jae-Yong Chung and Richard J. Kirkby
29. Japanese Economics and Economists since 1945
Edited by Aiko Ikeo
30. Chinas Entry into the World Trade Organisation
Edited by Peter Drysdale and Ligang Song
31. Hong Kong as an International Financial Centre
Emergence and development 19451965
Catherine R. Schenk
32. Impediments to Trade in Services
Measurement and policy implication
Edited by Christopher Findlay and Tony Warren
33. The Japanese Industrial Economy
Late development and cultural causation
Ian Inkster
34. China and the Long March to Global Trade
The accession of China to the World Trade Organization
Edited by Alan S. Alexandroff, Sylvia Ostry and Rafael Gomez
35. Capitalist Development and Economism in East Asia
The rise of Hong Kong, Singapore, Taiwan, and South Korea
Kui-Wai Li
36. Women and Work in Globalizing Asia
Edited by Dong-Sook S. Gills and Nicola Piper
37. Financial Markets and Policies in East Asia
Gordon de Brouwer
38. Developmentalism and Dependency in Southeast Asia
The case of the automotive industry
Jason P. Abbott
39. Law and Labour Market Regulation in East Asia
Edited by Sean Cooney, Tim Lindsey, Richard Mitchell and Ying Zhu
40. The Economy of the Philippines
Elites, inequalities and economic restructuring
Peter Krinks
41. Chinas Third Economic Transformation
The rise of the private economy
Edited by Ross Garnaut and Ligang Song
42. The Vietnamese Economy
Awakening the dormant dragon
Edited by Binh Tran-Nam and Chi Do Pham
43. Restructuring Korea Inc.
Jang-Sup Shin and Ha-Joon Chang
44. Development and Structural Change in the Asia-Pacific
Globalising miracles or end of a model?
Edited by Martin Andersson and Christer Gunnarsson
45. State Collaboration and Development Strategies in China
The case of the ChinaSingapore Suzhou Industrial Park (19922002)
Alexius Pereira
46. Capital and Knowledge in Asia
Changing power relations
Edited by Heidi Dahles and Otto van den Muijzenberg
47. Southeast Asian Paper Tigers?
From miracle to debacle and beyond
Edited by Jomo K.S.
48. Manufacturing Competitiveness in Asia
How internationally competitive national firms and industries developed in East Asia