Economic Development of Emerging East Asia ─ Catching Up of Taiwan and South Korea

Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.

Frank S. T. Hsiao, professor emeritus of economics, Department of Economics, University of Colorado at Boulder, USA, is associate editor of the Journal of Asian Economics. He has published extensively on growth models, production functions, Asian economic development and computer-assisted teaching in leading professional journals, and is the author of Economic and Business Analysis: Quantitative Methods Using Spreadsheets (2011).

Mei-Chu Wang Hsiao, professor emerita of economics, Department of Economics, University of Colorado at Denver, USA, has published many articles on econometric analysis of Asian economies. She is the coauthor (along with Frank S. T. Hsiao) of Economic Development of Taiwan: Early Experiences and the Pacific Trade Triangle (2015).