Chinese Economic Policy: Economic Reform at Midstream

Chinese Economic Policy: Economic Reform at Midstream

Chinese Economic Policy: Economic Reform at Midstream

Chinese Economic Policy: Economic Reform at Midstream

Excerpt

Ezra F. Vogel, Harvard University

Until the 1960s industrialization and the Industrial Revolution were essentially a "Western" phenomenon. Now in the 1980s the situation is very different, since a number of East Asian countries including Japan, Taiwan, and South Korea have gone through the industrial revolution. Hong Kong and Singapore as city states are special cases. It is possible to examine the nature of the industrial revolution in these East Asian countries, to consider their patterns of industrialization, and to compare their industrialization with that of Western countries. While many of the comments made will also apply to the city states, they will focus on the three larger geographical areas, Japan, Taiwan, and Korea. This presentation will then address the question of whether China might become one of those newly industrializing countries with the same patterns.

Before examining the characteristics of the East Asian industrializers, the special historical context in which they . . .

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