lecture15Asian Tiger or Paper Tiger(中国经济发展,加州大学).pdf

Taiwan: Asian Tiger or Paper Tiger? How does a Nation Develop? Export Oriented / Government Managed / Reliance on Small Family Firms Growth in the World US grew at • Growth Rates of the Nations of Percent 1.8 percent; the World After World War II 80% from 35 productivity • 6% of countries grew faster 30 than 5% per year 25 • Of the fast growing economies, 20 all but two were in East Asia … “Tigers of Asia” … all were 15 small nations: 10 • Japan, the 2nd largest economy 5 in the world, grew at almost 0 5% annually between 1950 0 0-1 1- 2.-3 3.-5 5 and 1990 … 2.0 The Japanese Threat • Japan appeared as if it was going to continue into the indefinite future … • Based on discipline; hard work; government-business partnerships … • Exporting hi tech to the rest of the world • Introducing new mgt. styles … all business schools study the Japanese model … Japanese language schools packed! • Bought Chrysler Building; Universal Studios; Building Toyota Plants in California, Tennessee and Texas • In many Western nations: “Yellow Threat” … “Japan will Busy the West” Asian Tiger or Paper Tiger? • Read first two paragraphs of Krugman – Krugman, Paul. “The Myth of Asia’s Miracle” Foreign Affairs. 1995. • Look at Tables: – Alwyn Young. “The Tyranny of Numbers: Confr