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Economics East Asia


Admission requirements

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

Course objectives



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.

Assessment method

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.

Reading list

  • 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.


Students are requested to register through uSis, the registration system of Leiden University for this course. General information about uSis is available in English and Dutch.

Registration Studeren à la carte and Contractonderwijs

Not applicable.