This course is only available for students in the BA International Studies.
Week 1 – Course introduction
Incomes and welfare of East Asians today
Week 2 – Economic Development Models in East Asia
Some models to understand economic development in East Asia: The Developmental State model, Network consensus model, Pluralist model and State-led model.
Week 3 – Industrialization in East Asia
From pre-modern industrialization towards industrial revolutions in Korea, Japan and China, industrial policies
Week 4 – Industrial Organization
Cooperation and competition within industries, the role of supporting industries, Keiretsu en Chaebol, the relationship between firms and markets in East Asia.
Week 5 – Financial Systems in China, Korea and Japan
The role of financial intermediaries, banks, insurance companies and financing of SME’s.
Week 6 – Macroeconomic policies
Booms and busts, fiscal and monetary policies
Week 7 – State Enterprises and “Privatization”
The role of State enterprises in economic development in East Asia;
Week 8 – Saving
Explanations for high savings ratio’s in East Asian societies, capital accumulation and investment capital.
Week 9 – Labor
Employment systems, human capital formation in East Asia
Week 10 – Environmental Policies
Week 11 – Integration and Regionalization I
Facilitating governmental policies: monetary integration, trade integration, construction and infrastructure
Week 12 – Integration and Regionalization II
Firm level: Value chains, regional production networks and FDI
Week 13 – Conclusions
The timetable is available on the BA International Studies website
Mode of instruction
Lecture and tutorials
Attending lectures and tutorials is compulsory. If you are not able to attend a lecture or tutorial, please inform the tutor of the course. Being absent without notification can result in a lower grade or exclusion from the final exam or essay.
Tutorials 30%, midterm test 30%, end-term test 40%
There are no resits for the tutorials. Resits for exams concern all the material for the full 70%, so there will be no separate resits for mid- and end-term tests. The grade for the resits replaces both the original grades for the mid- and end-term tests.
Blackboard will be used. Students are requested to register on Blackboard for this course.
Barry Naughton, The Chinese Economy, MIT, 2007
David Flath, The Japanese Economy, Oxford university Press, second edition 2005.
Young-lob Chung, South Korea in the Fast Lane: Economic Development and Capital Formation, WH Smith, 2006.
Fujita, Kumagai and Nishikimi, Economic Integration in East Asia – Perspectives from Spatial and Neoclassical Economics, Edward Elgar, 2008.
Registration Studeren à la carte and Contractonderwijs