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This book compares development experiences from South Korea and Estonia, which are both very successful examples of development within their region. The development experience of states in the 20th century offers a bewildering variety and often downright contradicting models, which nevertheless led to catching-up and rapid growth rates, leaving policy-makers in countries trying to emulate such models at a loss. Over time and through various crises on the regional and worldwide level, the experience of East Asian states became increasingly an interesting object of study. This was related to the successful long-term growth experience of countries like South Korea, but also to successful models of state transformation, which, though in a different political setting, achieved high growth rates without the deep transformation recession typical for European transformation states.
List of contents
Contents: Ralph Wrobel: Economic Models for New Industrializing Countries in Comparative Perspective - Sung-Jo Park: Developmental State in Korea (60s-70s) Revisited: Institution-Building for the Making of «Coordinated Market» - Janno Reiljan/Ingra Paltser: The Implementation of Research and Development Policy in European and Asian Countries - Herman W. Hoen: Emerging Market Economies and the Financial Crisis: Is there Institutional Convergence between Europe and Asia? - Karmo Kroos: Developmental Welfare Capitalism in East Asia with a Special Emphasis on South Korea - Joachim Ahrens/Manuel Stark: Independent Organizations in Authoritarian Regimes: contradiction in terms or an effective instrument of developmental states? - Erik Terk: Practicing Catching-up: a Comparison of Development Models of East Asian and Central-Eastern European Countries - Jüri Sepp/Uku Varblane: The Decomposition of Productivity Gap between Estonia and Korea - Jüri Sepp/Helje Kaldaru/Jürgen Joamets: The Characteristics and Position of the Economic Structures of Estonia and Korea among the OECD Countries - Bernhard J. Seliger: Lessons of Korea for Emerging Economies: An unexpected journey from rags to riches, from crisis to recovery.
