Globalization & East Asian Economies
Area of Study
Asian Studies, Economics
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units4
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units6
Hours & Credits
This lecture focuses evolution of capitalist world system paying special attention to long waves and super long waves and re-emergence of Asia. This lecture is useful to student in a wide range of social science who would like to get a feel for the ?big picture? of capitalist economy. We investigate evolution of capitalist world system after World War II paying special attention to industrialization of East Asia: the reindustrialisation of Europe and Japan to catch up with US productivity and the cyclical crises in the golden age; the structural crisis that changed the accumulation regime in the 1970s; the flying geese pattern of development in East Asia.
In the golden age after World War II, Japan shifted its dynamic industry from textile to heavy and chemical industries. The upgrading of Japanese industries left room for less-developed East Asian countries to industrialize in the flying geese pattern. After the structural crisis of the 1970s, Japan shifted its dynamic industries to machinery industries such as automobiles and electrical machinery, and Asian NIEs to heavy and chemical industries with export-led growth strategies. The centers of economic growth shifted from the US and Europe to Asia. In the last few weeks we will concentrate into two topics: (1) the re-emergence of China and India as the economic giants; and (2) the global financial crisis.
Courses and course hours of instruction are subject to change.