Case studies in East Asian economic development: the Republic of Korea and the People's Republic of China
Evans, Mary R.
Looney, Robert E.
Buss, Claude A.
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Since the end of the Cold War, economic strength has become the leading symbol of power and means of achieving peace and stability. East Asia is widely viewed as the up-and-Coming economic power center. Examination of East Asian economic development can provide some useful insights into overall patterns of development and influence, and suggest the path to a post-Cold War world future of peace and prosperity. This thesis provides two representative case studies: the Republic of Korea and the People's Republic of China. These studies emphasize the importance of external (foreign) development assistance to modernization in lesser developed countries (LDCs) and the roles played by the United States and Japan as the world's major sources of such assistance. Findings include: (1) LDCs can make extensive use of foreign development assistance without losing control -- or sovereignty -- over their economies of the direction of their development; (2) mature, industrialized economies can provide large amounts of assistance to LDCs without destroying their own economic futures; (3) the experience of the East Asians can provide useful alternatives for LDCs worldwide; and (4) a partnership has emerged between the United States and Japan as sources of development assistance.
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