economics 0630w spring 2012, course number 25221 east … · 2016. 5. 18. · this syllabus, along...

ECONOMICS 0630W Spring 2012, Course Number 25221 EAST ASIA'S DYNAMIC ECONOMIES

http://courseweb.pitt.edu Tuesday/Thursday 11:00-12:15 WWPH 3330

Instructor: T.G. Rawski, Department of Economics, 4526 WWPH, telephone 648-7062, email [email protected]. Office hours: Wednesday 2-3:30. This syllabus, along with the class schedule, reading list, most of the reading assignments, and a list of useful internet sites, are posted at https://courseweb.pitt.edu. Course Description: An introductory survey of several East Asian economies. The primary objective is to equip students with a clear understanding of major elements of recent Asian economic history and current economic conditions, and of implications of Asian economic gains for the United States economy, particularly U.S. trade relationships with this region and their dynamically changing patterns. A secondary objective is to use case studies and empirical materials as vehicles to appreciate how economic principles can be used in real world analysis. In Spring 2012, the course will focus on discussions of Japan, China, and India, with some attention to smaller nations in the region. Prerequisite: Economics 0800 or 0100 Course Requirements:

Regular attendance and participation in class sessions Occasional brief writing assignments Two short papers due Tuesday January 31 and Thursday March 1

Research paper: prospectus due Tuesday February 14; oral presentation to be scheduled during March; draft version due Tuesday March 27; final version due Thursday April 19.

Reading assignments: include books available at the University Bookstore: Pranab Bardhan, Awakening Giants, Feet of Clay Richard Katz, Japanese Phoenix : the long road to economic revival Barry Naughton, The Chinese Economy Arvind Panagariya, India: the emerging giant Joseph Stiglitz, Globalization and its discontents And a variety of materials available on the course website http://courseweb.pitt.edu (marked BBB), through the University library’s web site - marked JJJ – note that back issues (more than five years old) of many journals can be accessed through JSTOR – see http://www.library.pitt.edu/articles/database_info/jstor.html Also see the University Library’s collection of electronic journals: http://rt4rf9qn2y.search.serialssolutions.com/ These materials are not designed as textbooks. Some include advanced topics and complex methods that you cannot be expected to master for this course. When you encounter difficult passages, you should (1) try to get the MAIN IDEAS even if you cannot follow all the details; (2) don't hesitate to raise questions in class such as "what does this author mean when by talking about yyy?" or "please explain the importance of zzz." This course will focus on a number of Asian countries whose history, culture, politics, and society - as well as their economic systems - are unfamiliar to most students. You are expected to be aware of current developments relevant to this course. In order to broaden and deepen your acquaintance with these societies, you should read at least one of the following on a regular basis: New York Times (daily); Wall Street Journal (daily); Financial Times (daily); Economist (weekly). Note that many sources (newspapers, periodicals, statistics, etc.) are available via internet.

http://courseweb.pitt.edu/


http://www.library.pitt.edu/articles/database_info/jstor.html

http://rt4rf9qn2y.search.serialssolutions.com/

Many Asian periodicals are (at least partially) available on the internet (for example the Japan Times, China Daily, The Times of India, Economic and Political Weekly).

WRITING ASSIGNMENTS - all PRINTED AND DOUBLE-SPACED Due January 10, 12, 17. Weeks 1 and 2: write one paragraph on each of the following:

Why study the economies of Asia? (Jan 10) Explain some technical aspect of economic theory (for example, demand elasticity) to

an audience with no prior knowledge of economics (Jan 12) Express your strong opinion on a subject of your choice with the objective of persuading

the reader to adopt your point of view (if you feel ambitious, write the first draft of an Op-Ed submission to your favorite newspaper) (Jan 17)

Due Jan. 31: Submit a 5-10 page review expressing your critical analysis of the following books: Joseph Stiglitz (Nobel Laureate), Globalization and its Discontents Pranab Bardhan, Awakening Giants – Feet of Clay February 4: Submit the prospectus for your research paper. What’s the subject? What will you try to discover? What materials and methods will you use? What difficulties do you expect to encounter? March 1: Submit 5-10 pages on any topic relevant to the subjects covered in this course. Please avoid duplicating materials from your research project. March 27: Submit draft version of research paper. April 19: Submit final version of research paper. Writing guides. The following items are available at the University bookstore: Deirdre McCloskey, Economical Writing Andrea A. Lunsford, EASY WRITER 4th edition. You can also access the classic guide by W. Strunk and E.B. White, The Elements of Style online

at http://www.bartleby.com/141/ Other sources, include: “Writing Economics: A Guide for Harvard’s Sophomore Economics Concentrators” (BBB) U. of Wisconsin Writer’s Handbook http://www.wisc.edu/writing/Handbook/CommonErrors.html#frag American Heritage Book of English Usage http://www.bartleby.com/64/2.html

Maps. Understanding Asia requires a basic knowledge of Asian geography. For maps, see http://www.lib.utexas.edu/maps/asia.html http://www.asiasociety.org/countries-history/as-country-google-maps-list http://worldatlas.com/webimage/countrys/as.htm

http://www.bartleby.com/141/

http://www.wisc.edu/writing/Handbook/CommonErrors.html#frag

http://www.bartleby.com/64/2.html

http://www.lib.utexas.edu/maps/asia.html

http://www.asiasociety.org/countries-history/as-country-google-maps-list

http://worldatlas.com/webimage/countrys/as.htm

Warning about PLAGIARISM. Scholarship builds on words and ideas. Individual authors can legitimately use the words and ideas of others, but only with proper acknowledgment. Copying or paraphrasing someone else’s words without proper attribution is plagiarism. Faculty members are immersed in the world of ideas. They respond to plagiarism, which they regard as theft of ideas, in exactly the same manner as merchants respond to shoplifting. Plagiarism attracts heavy penalties. Offenders can expect little sympathy from university faculty, including the instructor in this course. University students should have a clear understanding of the distinction between appropriate citation of other people’s works and forbidden acts of copying or paraphrasing. Any student who feels uncertain about these matters should conduct a web search or ask for clarification. For example, http://sja.ucdavis.edu/sja/avoid.htm offers the following summary: WHAT IS PLAGIARISM? Plagiarism means using another's work without giving credit. You must put others' words in quotation marks and cite your source(s) and must give citations when using others' ideas, even if those ideas are paraphrased in your own words. "Work" includes "original ideas, strategies, and research,"1 art, graphics, computer programs, music, and other creative expression. The work may consist of writing, charts, pictures, graphs, diagrams, data, websites, or other communication or recording media For further information, see http://webster.commnet.edu/mla/index.shtml and http://www.indiana.edu/~wts/wts/plagiarism.html Excerpt from a recent message from your instructor to a student in another course: “I assigned a zero grade to your research paper after discovering that substantial portions of the text, citations, and references replicated (or, in some instances, paraphrased) material from the following sources. . . ” Standard response to discovery of plagiarism: FAILING GRADE FOR THE COURSE NY Times reporter Trip Gabriel writes that “Plagiarism Lines Blur for Students in Digital Age” Take a look: http://www.nytimes.com/2010/08/02/education/02cheat.html Remember that the “plagiarism line” is clear and bright for your instructor; students who cross this line will encounter neither sympathy nor leniency.

http://webster.commnet.edu/mla/index.shtml

http://www.indiana.edu/~wts/wts/plagiarism.html

http://www.nytimes.com/2010/08/02/education/02cheat.html

Class Schedule – Economics 0630, Spring 2012 Date Session Topic Jan. 5 1 Introduction Jan. 10-12-17 2-3-4 Overview of Economic Growth Jan. 19-24 5-6 Japan (1) – – Historical Foundations of Japanese Economic Growth Jan. 26 NO CLASS Jan. 31-Feb. 2 7-8 Japan (2) – Japan’s Era of Post World War II High Speed Growth Feb. 7-9 9-10 Japan (3) – Japan’s Remarkable Economic Stagnation Feb. 14-23 11-14 High Speed Growth Spreads Across Asia Despite Two Major Crises

Impact of Globalization. Experience of Taiwan, Korea, Hong Kong, and Singapore

Feb. 28-Mar 1 15-16 China (1) – historical background to 1949 March 13-22 17-20 Student research presentations March 27-29 21-22 China (2) – development under socialist planning to 1978 April 3-5 23-24 China (3) – development during the reform era since 1978 April 10-12 25-26 India (1) – colonial experience and development during the first 25 years of Independence April 17-19 27-28 India (2) – development during the reform era from the early 1990s

Research paper assignment. Any topic linked to the subject of this course is appropriate – welfare, growth, trade, environment, health, policy – the array of potential topics is vast. Papers can be historical, contemporary, or future-oriented. They can focus on a single economy, sector, or time period; comparisons among Asian nations or between economies in Asia and elsewhere are welcome. The prospectus (due February 4) should describe the topic, state the main issues or problems to be investigated, and provide a preliminary list of sources. The finished paper should include a bibliography giving details of sources cited as well as footnotes (or endnotes) that document factual statements, statistical information, and quotations. Although the instructor values quality and substance over length, students frequently ask about length, to which my standard reply is “in the neighborhood of twenty pages.” Also, please note that I attach substantial importance to the quality of writing as well as thinking. Poor writing invites low grades. Students with limited experience in writing research papers may benefit from consulting one of many guides to writing papers: for example “Writing Research Papers Based on Modern Language Association (MLA) Documentation,” available at http://webster.commnet.edu/mla/index.shtml

Research presentation: Classes during March 13-22 will be devoted to 10-minute oral presentations of student research topics. Powerpoint presentations are welcomed but not required.

Revision of writing assignments.

All written submissions will be printed and double-spaced, to facilitate marginal comments, corrections and suggestions. The instructor will mark common writing errors using the numerical code shown at the end of this document, and add detailed comments on organization and analysis. Students should save the original electronic files containing their submissions in the expectation that the instructor will require them to submit revisions that address writing errors or difficulties with analysis or organization. Although initial paragraph assignments (Weeks 1 and 2) will not receive grades, revisions are often required to improve the writing. The book review and essay assignments will receive separate grades for content and writing. Students are invited (and may be required) to submit revisions, which may lead to changes in the initial grades. The research paper prospectus and draft will not receive grades, but will give the instructor an opportunity to comment on the substance of the proposal and the initial output.


ECONOMICS 0630, Spring 2012 EAST ASIA'S DYNAMIC ECONOMIES

Course Outline and Reading List Note: @@ indicates items available on the web or through the “Electronic Journals” network via the University Library’s website; BBB indicates items available under “Course Documents” at http://courseweb.pitt.edu (see the website for Economics 0630); ## indicates books available via electronic browsing from PITTCAT. Hard copies of most materials are available at the Hillman Library Reserve Desk.

Topic I. INTRODUCTION AND OVERVIEW OF ECONOMIC GROWTH

A. Long-term Economic Growth Charles I. Jones, Introduction to Economic Growth, chap. 1. BBB @@Douglass North (Nobel laureate). "Economic Performance Through Time." American Economic

Review 84.3 (1994). [available via JSTOR]; BBB. @@Karl Marx and Friedrich Engels, The Communist Manifesto (1848). BBB [also via

http://www.marxists.org/archive/marx/works/1848/communist-manifesto/] @@Angus Maddison, The world economy: a millennial perspective, Chap 1-2. BBB Alice Amsden, The Rise of ‘The Rest’ – Challenges to the West from Late-Industrializing

Economies, chaps. 1, 10. BBB Michael Spence (Nobel laureate), “What Drives High-speed Growth” (2007). BBB B. Overview of East Asian Experience and its Implications ##Andre Gunder Frank, ReOrient, pp. 52-56, 108-117, 218-225 (historical) BBB Kenneth Pomeranz, The Great Divergence, chap. 2, pp. 69-107 (historical) BBB Robert Wade, Governing the Market, Chap. 2, pp. 34-51. ##Joseph E. Stiglitz and Shahid Yusuf, eds., Rethinking the East Asian Miracle, Chapters 1 and 2, pp.

1-94. Paul Krugman, “What Ever Happened to the Asian Miracle?” BBB

Topic II. THE ECONOMIC EXPERIENCE OF JAPAN

A. Early Development, War, Defeat – Japan’s Economy Prior to 1945 Sidney Crawcour, chaps. 1 and 2 in The Economic Emergence of Modern Japan, ed. Kozo Yamamura

BBB David Flath, The Japanese Economy, chaps. 2 and 3. BBB @@Arthur J. Alexander, “Japan’s Economy in the 20th Century” BBB] The Asian Economies in the Twentieth Century, ed. Angus Maddison et al, chap. 8, by Dirk Pilat,

“Long-term Performance of the Japanese Economy.” BBB


http://www.marxists.org/archive/marx/works/1848/communist-manifesto/

Carl Mosk, Making Health Work: Human Growth in Modern Japan, chap. 2, “Secular Trends in

Anthropometric Measures…” BBB OR Ryoshin MINAMI, "Electric Power," in Japanese Industrialization and its Social Consequences,

ed. Hugh T. Patrick. BBB B. Japan’s Astonishing Growth Spurt, 1950s-1973 Gary Allinson, Japan’s Postwar History, chap. 3, “Growth, 1955-1974.” BBB Martin Bronfenbrenner and Yasukichi Yasuba, “Economic Welfare,” in Kozo Yamamura and Y. Yasuba

eds., The Political Economy of Japan, vol. 1 The Domestic Transformation. BBB M. Gerlach, "Keiretsu Organization in the Japanese Economy," in Chalmers Johnson, Laura Tyson and

John Zysman eds., Politics and Productivity: How Japan's Development Strategy Works, chap. 4, pp. 141-175. BBB

Chalmers Johnson, "How to Think about Economic Competition from Japan," in Journal of Japanese Studies 13.2 (1987): 415-27 BBB

##R. Katz, Japan: The System That Soured, chaps. 6-7. C. Japan’s Astonishing Economic Slowdown and (possible) Rebound, 1990-present Arthur J. Alexander, “What Happened to Japan’s Economy in the 1990s?” BBB Edward Lincoln, Arthritic Japan, chaps. 3-6. Richard Katz, Japanese Phoenix:The Long Road to Economic Revival, chaps. 1-9. Henry Tricks, “Into the Unknown,” Economist Special Report on Japan (2010). BBB

Topic III. HIGH SPEED GROWTH SPREADS ACROSS ASIA DESPITE MAJOR CRISES

##World Bank, The East Asian Miracle, pp. 1-103 (Overview plus Chapters 1-2) Bruce Cumings, “Origins and development of the Northeast Asian political economy,” in

The Political economy of the new Asian industrialism , edited by Frederic C. Deyo, pp. 44-83. BBB

Wink Joosten, “The Asian Financial Crisis in Retrospect,” available from: http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/87/memo87.pdf Dick K. Nanto, “The Global Financial Crisis: Analysis and Policy Implications, pp. 1-45 and 62-72.

Available from http://www.fas.org/sgp/crs/misc/RL34742.pdf Giancarlo Corsettia, Paolo Pesentib, and Nouriel Roubini, “What caused the Asian currency and Financial crisis?” Japan and the World Economy 11 (1999) 305-373. BBB

http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/87/memo87.pdf

http://www.fas.org/sgp/crs/misc/RL34742.pdf

Topic IV. THE SMALLER ECONOMIES

Taiwan Christopher Howe, “Taiwan in the 20th Century: Model or Victim? Development Problems in a Small

Asian Economy” China Quarterly #165 (March 2001), pp. 37-60. BBB Li-min Hsueh, C.K. Hsu and D. Perkins, Industrialization and the State:The Changing Role of the

Taiwan Government in the Economy, 1945-1998, chaps. 2-3. @@ James Miles, “Dancing with the Enemy,” Economist, January 2005 Economist survey. BBB Korea Byung-Nak Song, The Rise of the Korean Economy, 3rd edition, chaps. 3, 5, 6, 8, 11. Phillip H. Park, “Reflection on the East Asian Development Model: Comparison of the South Korean and

Taiwanese Experiences,” in Frank-Jurgen Richter, The East Asian Development Model, ch. 7. BBB

“The Odd Couple,” survey on North and South Korea from Economist, 25 Sept. 2008. BBB

OECD Economic Surveys Korea 2010 [electronic access via Pittcat – search for the title] Title: Oecd Economic Surveys [electronic resource]: Korea 2010

Internet Address: http://dx.doi.org/10.1787/eco_surveys-kor-2010-en

Singapore Raymond LeBlanc, Singapore. The Socio-Economic Development Of A City-State: 1960-1980, Chaps.

1-3.

## C. Lingle and K. Wickman, “Political Economy,” in The Singapore Puzzle, ed. Michael Haas, pp. 55-75.

Johnny Sung. Explaining the Economic Success of Singapore, Chapter 3.

Hong Kong

Catherine R. Schenk, "Economic History of Hong Kong". EH.Net Encyclopedia, URL: http://eh.net/encyclopedia/article/schenk.HongKong

Eswar Prasad et al, Hong Kong SAR : meeting the challenges of integration with the mainland, Chaps. 1, 2, 6, 7. BBB

Michael J. Enright et al, The Hong Kong Advantage, chap. 1, 2, 3, pp. 1-83. @@Simon Long, “The Resilience of Freedom,” Economist survey of Hong Kong, June 2007.

http://eh.net/encyclopedia/article/schenk.HongKong

Topic V. THE ECONOMIC EXPERIENCE OF CHINA

History to 1949 Madeleine Zelin, “The Structure of the Chinese Economy During the Qing Period,” in Kenneth Lieberthal

et al eds., Perspectives on Modern China: Four Anniversaries. Armonk: Sharpe, 1991, pp. 31-67. (BBB)

Loren Brandt, “Reflections on China’s Late 19th and Early 20th Century Economy” BBB T. Rawski, “The Rise of China’s Economy,” available from http://www.fpri.org/footnotes/1606.201106.rawski.chineseeconomy.pdf If you want to dig into this topic, Brandt, Rawski, and Debin Ma have written a LONG review essay on Chinese economic history: http://personal.lse.ac.uk/mad1/ma_pdf_files/LDT%20JEL%20Text%20with%20everything.211211.pdf

Overview and summary of pre-reform experience, 1949-1978 Paul R. Gregory and Robert C. Stuart, Comparative Economic Systems, fifth edition,

1995, Chap. 17, p. 411-427. Barry Naughton, The Chinese Economy, chaps. 2-3, pp. 33-84 The Era of Economic Reform Since 1978 Loren Brandt and Thomas G. Rawski, “China’s Great Economic Transformation” BBB. Note that the

entire book (with the same title) is available electronically via Pittcat. Barry Naughton, The Chinese Economy, Chaps. 4, 5, 10, 16, 17, 20 L. Brandt and E. Thun, “Fight for the Middle” BBB. Illuminates the texture of Chinese industrial

development C.F. Bergsten et al, China: The Balance Sheet, Chapters 2 and 4. BBB T. Rawski. “Ten Reasons Why China’s Boom is Likely to Continue” BBB James Miles, “Rising Power, Anxious State” survey of China, Economist, 23 June 2011 BBB

Topic VI. THE ECONOMIC EXPERIENCE OF INDIA Arvind Panagariya, India: The Emerging Giant, chap. 1-2, pp. 3-109. @@James Astill, “An Elephant, Not a Tiger,” Survey of India, Economist 11 December 2008 BBB[not

on reserve; see courseweb course documents China-India Comparisons: Pranab Bardhan, Awakening Giants, Feet of Clay

Shalendra Sharma, China and India in the Age of Globalization. Chap. 4, pp. 141-163. BBB Simon Long, “The Tiger in Front,” Economist survey of China and India, March 2005 BBB

Simon Cox, “Running Fast,” Economist survey of technology in China and India. BBB

http://www.fpri.org/footnotes/1606.201106.rawski.chineseeconomy.pdf

http://personal.lse.ac.uk/mad1/ma_pdf_files/LDT%20JEL%20Text%20with%20everything.211211.pdf

REFERENCE – this list eschews heavyweight economic analysis; the contents are both enjoyable and informative. Items marked * are on reserve in Hillman Library

Japan *Satoshi Kamata, Japan in the Passing Lane (journalist works undercover in a Toyota auto plant) http://web.mit.edu/krugman/www/jpage.html [link to Japan-related articles by Nobel-prizewinning

economist and New York Times columnist Paul Krugman]. Japan Video/DVD Taxing Woman (V-1080); sequel Taxing Woman Returns (V-2190) (by the people who made Tampopo

– a personal favorite for your instructor) Inside Japan Inc. (V-1693) Big Business and the Ghost of Confucius (V-1694) The Japanese Economic Miracle (V-2531) The Japanese Economic Bubble (V-2530) Taiwan *Margery Wolf, The House of Lim: A Study of a Chinese Farm Family Korea *John Lie, Han Unbound Roger Janelli and Dawnhee Yim. Making Capitalism: the social and cultural construction of a South

Korean conglomerate. Peter H. Lee, Flowers of Fire (fiction), esp. "Fire," "Potato," and "Wings." *James L. Watson ed., Golden Arches East: McDonald’s in East Asia

China *Tim Clissold, Mr. China. *Liyi HE,. Mr. China’s Son – A Villager’s Life *James L. Watson ed., Golden Arches East: McDonald’s in East Asia China Video China in the red [videorecording] / an Ambrica Productions film for WGBH/Frontline ; written, produced and directed by Sue Williams ; co-producer, Kathryn Dietz. 2003. Call # V-8178. Available from G20 Hillman or online at http://www.pbs.org/wgbh/pages/frontline/shows/red/ Singapore and Hong Kong *Kuan Yew LEE, The Singapore story: memoirs of Lee Kuan Yew (Singapore’s long-time leader) *James L. Watson ed., Golden Arches East: McDonald’s in East Asia India *Edwin Luce, In Spite of the Gods: The Strange Rise of Modern India.

http://pittcat.pitt.edu/cgi-bin/Pwebrecon.cgi?v1=1&ti=1,1&SAB1=china+in+the+red&BOOL1=all+of+these&FLD1=Keyword+Anywhere+%28GKEY%29&GRP1=AND+with+next+set&SAB2=&BOOL2=all+of+these&FLD2=Keyword+Anywhere+%28GKEY%29&GRP2=AND+with+next+set&SAB3=&BOOL3=all+of+these&FLD3=Keyword+Anywhere+%28GKEY%29&PID=16560&CNT=50&SEQ=20050827171720&SID=1



http://www.pbs.org/wgbh/pages/frontline/shows/red/


http://courseweb.pitt.edu Tuesday/Thursday 11:00-12:15 CL 314

Instructor: T.G. Rawski, Department of Economics, 4526 WWPH, telephone 648-7062, email [email protected]. Office hours: Wednesday 2-3:30. This syllabus, along with the class schedule, reading list, most of the reading assignments, and a list of useful internet sites, are posted at https://courseweb.pitt.edu. Course Description: An introductory survey of several East Asian economies. The primary objective is to equip students with a clear understanding of major elements of recent Asian economic history and current economic conditions, and of implications of Asian economic gains for the United States economy, particularly U.S. trade relationships with this region and their dynamically changing patterns. A secondary objective is to use case studies and empirical materials as vehicles to appreciate how economic principles can be used in real world analysis. In Spring 2013, the course will focus on discussions of Japan, China, and India, with some attention to smaller nations. Prerequisite: Economics 0800 or 0100 Course Requirements:

Regular attendance and participation in class sessions Occasional brief writing assignments Two short papers due Tuesday January 29 and Tuesday March 5

Research paper: prospectus due Thursday February 14; oral presentation to be scheduled during March; draft version due Thursday March 28; final version due Thursday April 18.

Reading assignments: include books available at the University Bookstore: Pranab Bardhan, Awakening Giants, Feet of Clay Richard Katz, Japanese Phoenix : the long road to economic revival Barry Naughton, The Chinese Economy Arvind Panagariya, India: the emerging giant George Akerlof and Robert Shiller, Animal Spirits And a variety of materials available at the Hillman reserve desk (HH), on the course website http://courseweb.pitt.edu (marked BBB), through the University library’s web site - marked JJJ – note that back issues of many journals can be accessed through JSTOR – see http://www.library.pitt.edu/articles/database_info/jstor.html Also see the University Library’s collection of electronic journals: http://rt4rf9qn2y.search.serialssolutions.com/ These materials are not designed as textbooks. Some include advanced topics and complex methods that you cannot be expected to master for this course. When you encounter difficult passages, you should (1) try to get the MAIN IDEAS even if you cannot follow all the details; (2) don't hesitate to raise questions in class such as "what does this author mean when by talking about yyy?" or "please explain the importance of zzz." This course will focus on a number of Asian countries whose history, culture, politics, and society - as well as their economic systems - are unfamiliar to most students. You are expected to be aware of current developments relevant to this course. In order to broaden and deepen your acquaintance with these societies, you should read at least one of the following on a regular basis: New York Times (daily); Wall Street Journal (daily); Financial Times (daily); Economist (weekly). Note that many sources (newspapers, periodicals, statistics, etc.) are available via internet. Many Asian periodicals are (at least partially) available on the internet (for example the Japan Times, China Daily, The Times of India, Economic and Political Weekly).





Econ 0630W, Spring 2013, p. 2

WRITING ASSIGNMENTS - all PRINTED AND DOUBLE-SPACED Due January 10, 15, 17. Weeks 1 and 2: write one page on each of the following:

Explain some technical aspect of economic theory (for example, demand elasticity) to an audience with no prior knowledge of economics (Jan 10)

Discuss Chapter 7 of Joseph Schumpeter’s Capitalism, Socialism and Democracy (http://sergioberumen.files.wordpress.com/2010/08/schumpeter-joseph-a-capitalism-socialism-and-democracy.pdf or BBB

Express your strong opinion on a subject of your choice with the objective of persuading the reader to adopt your point of view (if you feel ambitious, write the first draft of an Op-Ed submission to your favorite newspaper) (Jan 17)

Due Jan. 31: Submit a 5-10 page review expressing your critical analysis of the following books: George Akerlof and Robert Shiller, Animal Spirits Pranab Bardhan, Awakening Giants – Feet of Clay February 14: Submit the prospectus for your research paper. What’s the subject? What will you try to discover? What materials and methods will you use? What difficulties do you expect to encounter? March 5: Submit 5-10 pages on any topic relevant to the subjects covered in this course. Please avoid duplicating materials from your research project. March 28: Submit draft version of research paper. April 18: Submit final version of research paper. Writing guides. The following items are available at the University bookstore: Deirdre McCloskey, Economical Writing Andrea A. Lunsford, EASY WRITER 4th edition. You can also access the classic guide by W. Strunk and E.B. White, The Elements of Style online

at http://www.bartleby.com/141/ Other sources, include: “Writing Economics: A Guide for Harvard’s Sophomore Economics Concentrators” (BBB) U. of Wisconsin Writer’s Handbook http://www.wisc.edu/writing/Handbook/CommonErrors.html#frag American Heritage Book of English Usage http://www.bartleby.com/64/2.html


http://sergioberumen.files.wordpress.com/2010/08/schumpeter-joseph-a-capitalism-socialism-and-democracy.pdf








Class Schedule – Economics 0630, Spring 2013 Date Session Topic Jan. 8 1 Introduction Jan. 10-15-17 2-3-4 Overview of Economic Growth Jan. 22-24 5-6 Japan (1) – Historical Foundations of Japanese Economic Growth Jan. 29-31 7-8 Japan (2) – Japan’s Era of Post World War II High Speed Growth Feb. 5 9 Japan (3) – Japan’s Remarkable Economic Stagnation Feb. 7-19 10-13 High Speed Growth Spreads Across Asia despite Major Crises

Impact of globalization. Experience of Taiwan, Korea, Hong Kong, and Singapore

Feb. 21-26 14-15 China (1) – historical background to 1949 Feb 28-Mar 5 16-17 China (2) – development under socialist planning to 1978 March 7 18 China (3) – development during the reform era since 1978 (begin) SPRING BREAK March 18-28 19-22 Student research presentations April 2 23 China (3) – development during the reform era since 1978 (conclude) April 4-9 24-25 India (1) – colonial experience and development during the first 25 years of independence April 11-16 26-27 India (2) – development during the reform era from the early 1990s April 18 28 Conclusion: Asian economic prospects and problems



Research presentation: Classes during March 18-28 will be devoted to 10-minute oral presentations of student research topics. Powerpoint presentations are welcomed but not required.


All written submissions will be printed and double-spaced, to facilitate marginal comments, corrections and suggestions. The instructor will mark common writing errors using the numerical code shown at the end of this document, and add detailed comments on organization and analysis. Students should save the original electronic files containing their submissions in the expectation that the instructor will require them to submit revisions that address writing errors or difficulties with analysis or organization. Although initial paper assignments (Weeks 1 and 2) will not receive grades, revisions are often required to improve the writing. The book review and essay assignments will receive separate grades for content and writing. Students are invited (and may be required) to submit revisions, which may lead to changes in the initial grades. The research paper prospectus and draft will not receive grades, but will give the instructor an opportunity to comment on the substance of the proposal and the initial output.






A. Long-term Economic Growth Charles I. Jones, Introduction to Economic Growth, chap. 1. BBB @@Douglass North (Nobel laureate). "Economic Performance Through Time." American Economic

Review 84.3 (1994). [available via JSTOR]; BBB. Zvi Griliches, "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of

Political Economy 66.5 (1958): 419-431. BBB @@Karl Marx and Friedrich Engels, The Communist Manifesto (1848). BBB [also via

http://www.marxists.org/archive/marx/works/1848/communist-manifesto/] @@Angus Maddison, The world economy: a millennial perspective, Chap 1-2. BBB Alice Amsden, The Rise of ‘The Rest’ – Challenges to the West from Late-Industrializing




A. Early Development, War, Defeat – Japan’s Economy Prior to 1945 Sidney Crawcour, chaps. 1 and 2 in The Economic Emergence of Modern Japan, ed. Kozo Yamamura

BBB David Flath, The Japanese Economy, chaps. 2 and 3. BBB




@@Arthur J. Alexander, “Japan’s Economy in the 20th Century” BBB] The Asian Economies in the Twentieth Century, ed. Angus Maddison et al, chap. 8, by Dirk Pilat,

“Long-term Performance of the Japanese Economy.” BBB Carl Mosk, Making Health Work: Human Growth in Modern Japan, chap. 2, “Secular Trends in






##R. Katz, Japan: The System That Soured, chaps. 6-7. C. Japan’s Astonishing Economic Slowdown and (possible) Rebound, 1990-present Arthur J. Alexander, “What Happened to Japan’s Economy in the 1990s?” BBB Edward Lincoln, Arthritic Japan, chaps. 3-6. Richard Katz, Japanese Phoenix: The Long Road to Economic Revival, chaps. 1-9. Henry Tricks, “Into the Unknown,” Economist Special Report on Japan (2010). BBB



The Political economy of the new Asian industrialism , edited by Frederic C. Deyo, pp. 44-83. BBB

Wink Joosten, “The Asian Financial Crisis in Retrospect,” available from: http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/87/memo87.pdf Dick K. Nanto, “The Global Financial Crisis: Analysis and Policy Implications, pp. 1-45 and 62-72.

Available from http://www.fas.org/sgp/crs/misc/RL34742.pdf Giancarlo Corsettia, Paolo Pesentib, and Nouriel Roubini, “What caused the Asian currency and financial

crisis?” Japan and the World Economy 11 (1999) 305-373. BBB




THE SMALLER ECONOMIES

Taiwan Li-min Hsueh, C.K. Hsu and D. Perkins, Industrialization and the State:The Changing Role of the

Taiwan Government in the Economy, 1945-1998, chaps. 2-3. HH Douglas Fuller, “Moving along the electronics value chain : Taiwan in the global economy.” In Global

Taiwan : building competitive strengths in a new international economy / Suzanne Berger and Richard K. Lester, editors. HH

@@ James Miles, “Dancing with the Enemy,” Economist, January 2005 Economist survey. BBB Korea Byung-Nak Song, The Rise of the Korean Economy, 3rd edition, chaps. 3, 5, 6, 8, 11. Phillip H. Park, “Reflection on the East Asian Development Model: Comparison of the South Korean and

Taiwanese Experiences,” in Frank-Jurgen Richter, The East Asian Development Model, ch. 7. BBB

“The Odd Couple,” survey on North and South Korea from Economist, 25 Sept. 2008. BBB

OECD Economic Surveys Korea 2012 [electronic access via Pittcat – search for the title]

Title: Oecd Economic Surveys [electronic resource]: Korea 2012


Singapore ## C. Lingle and K. Wickman, “Political Economy,” in The Singapore Puzzle, ed. Michael Haas, pp.

55-75.

Johnny Sung. Explaining the Economic Success of Singapore, Chapter 3. HH

W.M. Chia and H.Y. Sng eds., Singapore and Asia in a Globalized World, chap. 1, “Transformation in the Singapore Economy. . . ,” pp. 3-23. BBB HH

H.Y. Sng and W.M. Chia eds., Singapore and Asia, chap. 8, “Role of Competition in Singapore,” pp. 133-143. BBB HH

Hong Kong


Eswar Prasad et al, Hong Kong SAR : meeting the challenges of integration with the mainland,



Chaps. 1, 2, 6, 7. BBB S. Chiu and T.L. Lui, Hong Kong: Becoming a Chinese Global City, chaps. 1-2, pp. 1-55. BBB HH @@Simon Long, “The Resilience of Freedom,” Economist survey of Hong Kong, June 2007.

Topic IV. THE ECONOMIC EXPERIENCE OF CHINA



Loren Brandt, “Reflections on China’s Late 19th and Early 20th Century Economy” BBB T. Rawski, “The Rise of China’s Economy,” available from http://www.fpri.org/footnotes/1606.201106.rawski.chineseeconomy.pdf If you want to dig into this topic, Brandt, Rawski, and Debin Ma have written a LONG review essay on Chinese economic history: http://personal.lse.ac.uk/mad1/ma_pdf_files/LDT%20JEL%20Text%20with%20everything.211211.pdf

Overview and summary of pre-reform experience, 1949-1978 Gerard Roland, “The Political Economy of Transition,” Journal of Economic Perspectives, Winter, 2002.

BBB Jan Svejnar, “Transition Economies: Performance and Challenges”, Journal of Economic Perspectives,

Winter, 2002. BBB Barry Naughton, The Chinese Economy, chaps. 2-3, pp. 33-84 The Era of Economic Reform Since 1978 Loren Brandt and Thomas G. Rawski, “China’s Great Economic Transformation” BBB. Note that the

entire book (with the same title) is available electronically via Pittcat. Barry Naughton, The Chinese Economy, Chaps. 4, 5, 10, 16, 17, 20 L. Brandt and E. Thun, “Fight for the Middle” BBB. Illuminates the texture of Chinese industrial

development C.F. Bergsten et al, China: The Balance Sheet, Chapters 2 and 4. BBB T. Rawski. “Ten Reasons Why China’s Boom is Likely to Continue” BBB James Miles, “Rising Power, Anxious State” survey of China, Economist, 23 June 2011 BBB Simon Cox, “Pedalling Prosperity,” Economist survey of China’s Economy May 2012 BBB

Topic V. THE ECONOMIC EXPERIENCE OF INDIA


http://personal.lse.ac.uk/mad1/ma_pdf_files/LDT%20JEL%20Text%20with%20everything.211211.pdf


T. Roy. ‘India and the World Economy 1757-1947.” In C. Ghate ed., The Oxford Handbook of the Indian Economy, pp. 33-56. BBB HH

Arvind Panagariya, India: The Emerging Giant, chap. 1-2, pp. 3-109. Adam Roberts, “Aim Higher.” Economist special report on India. Nov. 2012 BBB OECD Economic Surveys India 2011 (available as e-book from Pittcat) @@James Astill, “An Elephant, Not a Tiger,” Survey of India, Economist 11 December 2008 BBB China-India Comparisons: Pranab Bardhan, Awakening Giants, Feet of Clay

Shalendra Sharma, China and India in the Age of Globalization. Chap. 4, pp. 141-163. BBB Simon Long, “The Tiger in Front,” Economist survey of China and India, March 2005 BBB

Simon Cox, “Running Fast,” Economist survey of technology in China and India. BBB ===================================================================== REFERENCE – this list eschews heavyweight economic analysis; the contents are both enjoyable and

informative. Items marked HH are on reserve in Hillman Library Japan Satoshi Kamata, Japan in the Passing Lane (journalist works undercover in a Toyota auto plant) HH http://web.mit.edu/krugman/www/jpage.html [link to Japan-related articles by Nobel-prizewinning


– a personal favorite for your instructor) Inside Japan Inc. (V-1693) Big Business and the Ghost of Confucius (V-1694) The Japanese Economic Miracle (V-2531) The Japanese Economic Bubble (V-2530) Taiwan Margery Wolf, The House of Lim: A Study of a Chinese Farm Family HH Korea John Lie, Han Unbound HH Roger Janelli and Dawnhee Yim. Making Capitalism: the social and cultural construction of a South

Korean conglomerate. HH Peter H. Lee, Flowers of Fire (fiction), esp. "Fire," "Potato," and "Wings." HH James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH

China *Tim Clissold, Mr. China. HH (reserve under Econ 1630) *Liyi HE,. Mr. China’s Son – A Villager’s Life HH (reserve under Econ 1630)*James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH

China Video China in the red [videorecording] / an Ambrica Productions film for WGBH/Frontline ; written, produced and directed by Sue Williams ; co-producer, Kathryn Dietz. 2003. Call # V-8178. Available from G20 Hillman or online at http://www.pbs.org/wgbh/pages/frontline/shows/red/ Singapore and Hong Kong Kuan Yew LEE, The Singapore story: memoirs of Lee Kuan Yew (Singapore’s long-time leader) HH James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH India Edwin Luce, In Spite of the Gods: The Strange Rise of Modern India. HH






http://courseweb.pitt.edu Tuesday/Thursday 11:00-12:15 CL 314

Instructor: T.G. Rawski, Department of Economics, 4526 WWPH, telephone 648-7062, email [email protected]. Office hours: Wednesday 2-3:30. This syllabus, along with the class schedule, reading list, most of the reading assignments, and a list of useful internet sites, are posted at https://courseweb.pitt.edu . Course Description: An introductory survey of several East Asian economies. The primary objective is to equip students with a clear understanding of major elements of recent Asian economic history and current economic conditions, and of implications of Asian economic gains for the United States economy, particularly U.S. trade relationships with this region and their dynamically changing patterns. A secondary objective is to use case studies and empirical materials as vehicles to appreciate how economic principles can be used in real world analysis. In Spring 2015, the course will focus on discussions of Japan, China, and India, with some attention to smaller nations. Prerequisite: Economics 0800 or 0100 Course Requirements:

Regular attendance and participation in class sessions Occasional brief writing assignments Two short papers due Tuesday January 27 and Tuesday March 3

Research paper: prospectus due Thursday February 12; oral presentation to be scheduled during March; draft version due Thursday March 26; final version due Thursday April 16.

Reading assignments: include books available at the University Bookstore: Robert Allen, Global Economic History Pranab Bardhan, Awakening Giants, Feet of Clay George Akerlof and Robert Shiller, Animal Spirits Nicholas Lardy, Markets over Mao Deirdre McCloskey, Economical Writing Andrea Lunsford, Easy Writer. 5th ed. And a variety of materials available at the Hillman reserve desk (HH), on the course website http://courseweb.pitt.edu (marked BBB), through the University library’s web site - marked JJJ – note that back issues of many journals can be accessed through JSTOR – see http://www.library.pitt.edu/articles/database_info/jstor.html Also see the University Library’s collection of electronic journals: http://rt4rf9qn2y.search.serialssolutions.com/ These materials are not designed as textbooks. Some include advanced topics and complex methods that you cannot be expected to master for this course. When you encounter difficult passages, you should (1) try to get the MAIN IDEAS even if you cannot follow all the details; (2) don't hesitate to raise questions in class such as "what does this author mean when by talking about yyy?" or "please explain the importance of zzz." This course will focus on a number of Asian countries whose history, culture, politics, and society - as well as their economic systems - are unfamiliar to many students. To keep up with current developments relevant to this course and to deepen your acquaintance with these societies, you should read at least one of the following on a regular basis: New York Times (daily); Wall Street Journal (daily); Financial Times (daily); Economist (weekly). Note that many sources (newspapers, periodicals, statistics, etc.) are available via internet. Many Asian periodicals are (at least partially) available on the internet (for example the Japan Times, China Daily, The Times of India, Economic and Political Weekly).


https://courseweb.pitt.edu/





WRITING ASSIGNMENTS - all PRINTED AND DOUBLE-SPACED Due January 8, 13, 15. Weeks 1 and 2: write one page on each of the following:

Explain some technical aspect of economic theory (for example, demand elasticity) to an audience with no prior knowledge of economics (Jan. 8)

Discuss Chapter 7 of Joseph Schumpeter’s Capitalism, Socialism and Democracy (Jan. 13) (http://sergioberumen.files.wordpress.com/2010/08/schumpeter-joseph-a-capitalism-socialism-and-democracy.pdf or BBB

Express your strong opinion on a subject of your choice with the objective of persuading the reader to adopt your point of view (if you feel ambitious, write the first draft of an Op-Ed submission to your favorite newspaper) (Jan 15)

Due Jan. 27: Submit a 5-10 page review expressing your critical analysis of the following books: George Akerlof and Robert Shiller, Animal Spirits Pranab Bardhan, Awakening Giants – Feet of Clay February 12: Submit the prospectus for your research paper. What’s the subject? What will you try to discover? What materials and methods will you use? What difficulties do you expect to encounter? March 3: Submit 5-10 pages on any topic relevant to the subjects covered in this course. Please avoid duplicating materials from your research project. March 26: Submit draft version of research paper. April 16: Submit final version of research paper. Writing guides. The following items are available at the University bookstore: Deirdre McCloskey, Economical Writing Andrea A. Lunsford, EASY WRITER 4th edition. You can also access the classic guide by W. Strunk and E.B. White, The Elements of Style online

at http://www.bartleby.com/141/ Other sources, include: R. Neugeboren, The Student’s Guide to Writing Economics. See http://pitt.libguides.com/econwriting “Writing Economics: A Guide for Harvard’s Sophomore Economics Concentrators” (BBB) U. of Wisconsin Writer’s Handbook: http://www.wisc.edu/writing/Handbook/CommonErrors.html#frag American Heritage Book of English Usage: http://www.bartleby.com/64/2.html


http://sergioberumen.files.wordpress.com/2010/08/schumpeter-joseph-a-capitalism-socialism-and-democracy.pdf


http://pitt.libguides.com/econwriting







Class Schedule – Economics 0630, Spring 2015 Date Session Topic Jan. 8 1 Introduction Jan. 8-13-15 2-3-4 Overview of Economic Growth Jan. 20-22 5-6 Japan (1) – Historical Foundations of Japanese Economic Growth Jan. 27-29 7-8 Japan (2) – Japan’s Era of Post World War II High Speed Growth Feb. 3 9 Japan (3) – Japan’s Remarkable Economic Stagnation Feb. 5-17 10-13 High Speed Growth Spreads Across Asia despite Major Crises

Impact of globalization. Experience of Taiwan, Korea, Hong Kong, and Singapore

Feb. 19-24 14-15 China (1) – historical background to 1949 Feb 26 16 China (2) – development under socialist planning to 1978 March 3-5 17-18 China (3) – development during the reform era since 1978 SPRING BREAK March 17-26 19-22 Student research presentations April 2-4 23-24 India (1) – colonial experience and development during the first 25 years of independence April 9-11 25-26 India (2) – development during the reform era from the early 1990s April 16-18 27-28 Conclusion: Asian economic prospects and problems



Research presentation: Classes during March 17-26 will be devoted to 10-minute oral presentations of student research topics. PowerPoint presentations are welcomed but not required.


All written submissions will be printed and double-spaced, to facilitate marginal comments, corrections and suggestions. The instructor will mark common writing errors using the numerical code shown at the end of this document, and add detailed comments on organization and analysis. Students should save the original electronic files containing their submissions in the expectation that the instructor will require them to submit revisions that address writing errors or difficulties with analysis or organization. Although initial paper assignments (Weeks 1 and 2) will not receive grades, revisions are often required to improve the writing. The book review and essay assignments will receive separate grades for content and writing. Students are invited (and may be required) to submit revisions, which may lead to changes in the initial grades. The research paper prospectus and draft will not receive grades, but will give the instructor an opportunity to comment on the substance of the proposal and the initial output.






A. Long-term Economic Growth Robert Allen. Global Economic History @@Karl Marx and Friedrich Engels, The Communist Manifesto (1848). BBB [also via

http://www.marxists.org/archive/marx/works/1848/communist-manifesto/] Charles I. Jones, Introduction to Economic Growth, chap. 1. BBB R.W. Fogel, “The Impact of the Asian Miracle on the Theory of Economic Growth,” in Costa and

Lamoreaux eds., Understanding Long-Run Economic Growth. BBB. @@Douglass North (Nobel laureate). "Economic Performance through Time." American Economic

Review 84.3 (1994). [available via JSTOR]; BBB. Zvi Griliches, "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of

Political Economy 66.5 (1958): 419-431. BBB @@Angus Maddison, The world economy: a millennial perspective, Chap 1-2. BBB Alice Amsden, The Rise of ‘The Rest’ – Challenges to the West from Late-Industrializing




A. Early Development, War, Defeat – Japan’s Economy Prior to 1945




Sidney Crawcour, chaps. 1 and 2 in The Economic Emergence of Modern Japan, ed. Kozo Yamamura

HHH David Flath, The Japanese Economy, chaps. 2 and 3. BBB @@Arthur J. Alexander, “Japan’s Economy in the 20th Century” BBB] The Asian Economies in the Twentieth Century, ed. Angus Maddison et al, chap. 8, by Dirk Pilat,

“Long-term Performance of the Japanese Economy.” BBB Carl Mosk, Making Health Work: Human Growth in Modern Japan, chap. 2, “Secular Trends in






##R. Katz, Japan: The System That Soured, chaps. 6-7. C. Japan’s Astonishing Economic Slowdown and (possible) Rebound, 1990-present Arthur J. Alexander, “What Happened to Japan’s Economy in the 1990s?” BBB D. Stelter, “How Japan Bankrupted Itself” BBB Edward Lincoln, Arthritic Japan, chaps. 3-6. HHH Richard Katz, Japanese Phoenix: The Long Road to Economic Revival, chaps. 1-9. HHH, BBB Henry Tricks, “Into the Unknown,” Economist Special Report on Japan (2010). BBB



The Political economy of the new Asian industrialism, edited by Frederic C. Deyo, pp. 44-83. BBB

Wink Joosten, “The Asian Financial Crisis in Retrospect,” available from: http://www.cpb.nl/eng/pub/cpbreeksen/memorandum/87/memo87.pdf



Dick K. Nanto, “The Global Financial Crisis: Analysis and Policy Implications, pp. 1-45 and 62-72. Available from http://www.fas.org/sgp/crs/misc/RL34742.pdf

Giancarlo Corsettia, Paolo Pesentib, and Nouriel Roubini, “What caused the Asian currency and financial crisis?” Japan and the World Economy 11 (1999) 305-373. BBB

THE SMALLER ECONOMIES

Taiwan Li-min Hsueh, C.K. Hsu and D. Perkins, Industrialization and the State: The Changing Role of the

Taiwan Government in the Economy, 1945-1998, chaps. 2-3. HH Douglas Fuller, “Moving along the electronics value chain: Taiwan in the global economy.” In Global

Taiwan: building competitive strengths in a new international economy / Suzanne Berger and Richard K. Lester, editors. HH

@@ James Miles, “Dancing with the Enemy,” Economist, January 2005 Economist survey. BBB Korea Byung-Nak Song, The Rise of the Korean Economy, 3rd edition, chaps. 3, 5, 6, 8, 11. Phillip H. Park, “Reflection on the East Asian Development Model: Comparison of the South Korean and

Taiwanese Experiences,” in Frank-Jurgen Richter, The East Asian Development Model, Ch. 7. HHH

Simon Cox, “Parallel Worlds,” Economist special report on the two Koreas, Oct. 26, 2013 Start with http://www.economist.com.pitt.idm.oclc.org/printedition/covers; Print edition special reports

OECD Economic Surveys Korea 2012. BBB [also electronic access via Pittcat – search for the title]

Title: Oecd Economic Surveys [electronic resource]: Korea 2012


Two items on North Korea: Demick, North Korea Observations 2005 (from LA Times). BBB Campbell, North Korea Field Observations 2014. BBB

Singapore ## C. Lingle and K. Wickman, “Political Economy,” in The Singapore Puzzle, ed. Michael Haas, pp.

55-75.

Johnny Sung. Explaining the Economic Success of Singapore, Chapter 3. HH

W.M. Chia and H.Y. Sng eds., Singapore and Asia in a Globalized World, chap. 1, “Transformation in the Singapore Economy. . . ,” pp. 3-23. HH BBB


http://www.economist.com.pitt.idm.oclc.org/printedition/covers


H.Y. Sng and W.M. Chia eds., Singapore and Asia, chap. 8, “Role of Competition in Singapore,” pp. 133-143. BBB HH

Hong Kong


Eswar Prasad et al, Hong Kong SAR : meeting the challenges of integration with the mainland, Chaps. 1, 2, 6, 7. BBB

S. Chiu and T.L. Lui, Hong Kong: Becoming a Chinese Global City, chaps. 1-2, pp. 1-55. BBB @@Simon Long, “The Resilience of Freedom,” Economist survey of Hong Kong, June 2007. BBB

Topic IV. THE ECONOMIC EXPERIENCE OF CHINA



Loren Brandt, “Reflections on China’s Late 19th and Early 20th Century Economy” BBB T. Rawski, “The Rise of China’s Economy,” available from http://www.fpri.org/footnotes/1606.201106.rawski.chineseeconomy.pdf If you want to dig into this topic, Brandt, Rawski, and Debin Ma have written a LONG review essay on Chinese economic history: “Revaluating the history. . . “ (2014) BBB

Overview and summary of pre-reform experience, 1949-1978 Gerard Roland, “The Political Economy of Transition,” Journal of Economic Perspectives, Winter, 2002.

BBB Jan Svejnar, “Transition Economies: Performance and Challenges”, Journal of Economic Perspectives,

Winter, 2002. BBB Barry Naughton, The Chinese Economy, chaps. 2-3, pp. 33-84 The Era of Economic Reform Since 1978 Loren Brandt and Thomas G. Rawski, “China’s Great Economic Transformation” BBB. Note that the

entire book (with the same title) is available electronically via Pittcat. Nicholas Lardy, Markets Over Mao, chaps. 1-4




Xiaodong Zhu, “Understanding China’s Growth. . . “Journal of Economic Perspectives 26.4 (2012): 103-124. BBB

L. Brandt and E. Thun, “Fight for the Middle” BBB. Illuminates the texture of Chinese industrial development

H.B. Li et al, “The End of Cheap Chinese Labor,” Journal of Economic Perspectives 26.4 (2012). BBB C.F. Bergsten et al, China: The Balance Sheet, Chapters 2 and 4. BBB James Miles, “China: Building the Dream,” Economist special report on China April 29, 2014 Start with http://www.economist.com.pitt.idm.oclc.org/printedition/covers; Print edition special reports

Topic V. THE ECONOMIC EXPERIENCE OF INDIA T. Roy. ‘India and the World Economy 1757-1947.” In C. Ghate ed., The Oxford Handbook of the

Indian Economy, pp. 33-56. HH Arvind Panagariya, India: The Emerging Giant, chap. 1-2, pp. 3-109. Adam Roberts, “Aim Higher.” Economist special report on India. Nov. 2012 BBB OECD Economic Surveys India 2014 BBB, also available as an e-book via Pittcat China-India Comparisons: Pranab Bardhan, Awakening Giants, Feet of Clay

Shalendra Sharma, China and India in the Age of Globalization. Chap. 4, pp. 141-163. BBB Simon Cox, “Running Fast,” Economist survey of technology in China and India. BBB

Topic VI. LOOKING TOWARD ASIA’S ECONOMIC FUTURE Henry Tricks, “The Pacific Age.” Economist special report, Nov.15, 2014 Start with http://www.economist.com.pitt.idm.oclc.org/printedition/covers; Print edition special reports Patrick Foulis, “How to keep roaring,” Economist special report on Business in Asia, May 29, 2014 Start with http://www.economist.com.pitt.idm.oclc.org/printedition/covers; Print edition special reports J. Corbett, “Growth: Getting Japan Back on Track” (2012) (BBB) Yiping Huang, “China’s New Growth Model,” EastAsiaForum April 30, 2013,

at http://www.eastasiaforum.org/2013/04/14/chinas-new-growth-model/

T. Rawski. “Ten Reasons Why China’s Boom is Likely to Continue” BBB L. Pritchett and L. Summers, “Asiaphoria meets Regression to the Mean” (2014) – i.e. China’s economy

must slow down. P. Sahoo, “Making India an Attractive Investment Destination” (2014). =====================================================================




http://www.eastasiaforum.org/2013/04/14/chinas-new-growth-model/


REFERENCE – this list eschews heavyweight economic analysis; the contents are both enjoyable and informative. Items marked HH are on reserve in Hillman Library

Japan Satoshi Kamata, Japan in the Passing Lane (journalist works undercover in a Toyota auto plant) HH http://web.mit.edu/krugman/www/jpage.html [link to Japan-related articles by Nobel-prizewinning


– a personal favorite for your instructor) Inside Japan Inc. (V-1693) Big Business and the Ghost of Confucius (V-1694) The Japanese Economic Miracle (V-2531) The Japanese Economic Bubble (V-2530) Taiwan Margery Wolf, The House of Lim: A Study of a Chinese Farm Family HH Korea John Lie, Han Unbound HH Roger Janelli and Dawnhee Yim. Making Capitalism: the social and cultural construction of a South

Korean conglomerate. HH Peter H. Lee, Flowers of Fire (fiction), esp. "Fire," "Potato," and "Wings." HH James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH

China *Tim Clissold, Mr. China. HH (reserve under Econ 1630) *Liyi HE,. Mr. China’s Son – A Villager’s Life HH (reserve under Econ 1630)*James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH China Video China in the red [videorecording] / an Ambrica Productions film for WGBH/Frontline ; written, produced and directed by Sue Williams ; co-producer, Kathryn Dietz. 2003. Call # V-8178. Available from G20 Hillman or online at http://www.pbs.org/wgbh/pages/frontline/shows/red/ Singapore and Hong Kong Kuan Yew LEE, The Singapore story: memoirs of Lee Kuan Yew (Singapore’s long-time leader) HH James L. Watson ed., Golden Arches East: McDonald’s in East Asia HH India Edwin Luce, In Spite of the Gods: The Strange Rise of Modern India. HH



