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| 1 |
ID:
151724
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| Summary/Abstract |
Economic development in South Korea and Taiwan has received considerable scholarly attention, as they are two of the most successful cases since the 1960s. For all their similarities, differences also exist. Thus, we revisited economic development in South Korea and Taiwan to draw lessons for other developing countries. Our analysis indicates that no single development model will work in every country. Countries may learn from the successful cases but need to adjust the development model according to their political and economic conditions.
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| 2 |
ID:
164385
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| Summary/Abstract |
Over the past decades, East Asian states have enjoyed economic development and progress toward democracy through extensive economic transformation: trade and financial liberalization. To explain the theoretical mechanism of these variables, we investigate the direct and indirect effects of globalization on democratic development via economic development. To this end, a two-equation model is specified and estimated using data from 1972 to 2010 for 12 East Asian countries. The results show that globalization has not only a direct effect, but also an indirect effect on democracy via economic development.
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| 3 |
ID:
192232
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| Summary/Abstract |
In the last 40 years, East Asian countries have undergone significant economic and political transformation, with deepening integration into the world economy and substantial progress toward democracy. I investigate the impact of these two major developments on income distribution in East Asia. This study extends prior research by (1) examining the role of both international economic and domestic political factors, topics that have mostly been studied separately; (2) employing inequality data that are more complete than those used in previous studies; and (3) using data for a period during which the pace of globalization greatly accelerated, a major relevant event (the Asian financial crisis) occurred, and several countries in the region witnessed a considerable expansion of democratic rights. Evidence for the claim that trade increases inequality is robust, but empirical support for the redistributive effects of both foreign direct investment and democracy is weak.
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| 4 |
ID:
185897
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| Summary/Abstract |
Has trade openness made East Asian countries more or less democratic? Although numerous studies have explored the economic effects of market integration in the region, few have systematically examined the political consequences of trade liberalization. This research extends previous work by empirically investigating not only direct but also indirect links between trade globalization and democracy in East Asia. I find that the direct negative effect of trade integration on democracy is mitigated by its indirect positive impact via inequality. Empirical evidence is provided by the three-stage least squares method and pooled time-series data from 1975 to 2015 for 13 East Asian states.
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