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Asian Political Economy

First Semester 2003, class number: 252813-001

    Time and place: Monday 2:10 ~ 5:00,綜270722

    Instructor: Chengtian Kuo

    ,綜270737phone: 2939-3091ex 50737; email:; office hours by

    appointments, M-F

    Class Objectives (

    In this course we will study the interaction between politics and economy in East and Southeast Asian countries. The focus will be on the attributes of the states and societies, their relationships, and their interactions with political democratization and economic development. The Asian countries included in our study are Japan, South Korea, Taiwan, the Philippines, Thailand, Malaysia, Indonesia, and China. In this semester, we will pay more attention to the impact of the 1997 Asian financial crisis on these countries and how they have reacted to the crisis under domestic political and economic constraints.


    I. Theories of Asian Political Economy

    II. Country Studies

    Weekly Topics:

    Introduction. Liberal Economics and Developmental State. Neo-Statism and Asian

    Financial Crisis. New Institutionalism. Japan Number One. Japan in Crisis. South Korea. Taiwan. The Philippines. Thailand. Malaysia. Indonesia. Chinese Socialism. Chinese Capitalism. Democratization and Economic Development.


    This class is taught in English. Taiwanese students are expected to speak English and write English assignments, although English proficiency is not the major determinant of your final grade. The pedagogy of this class consists of three parts: the instructor will start with a brief introduction and answering technical questions about the required readings, then, a team of students will make an oral presentation, followed by a discussion from the floor and the instructor's final comments.

    Evaluation Criteria(


    1. Group Reports. Four weekly written reports, no more than 3 pages each. Two of the four reports need to be accompanied by oral presentation. These reports should be results of group discussion, not combinations of independent, individual reading reports. Total 80 points for undergraduate students, 40 points for graduate students. Team composition and topic selections will be decided collectively.

    2. Graduate students need to submit a research proposal, about 10-15 pages. 40 points. The proposal should have a clear causal statement, theoretical framework, and research methodology. Empirical data need not be completed. 3. Class participation and discussion, 20 points. Everyone needs to raise at least one question or comment in each class in order to qualify for the credit.

    Weekly Readings

    *Required readings for all students.

    IIntroduction (9/22)

    1.*Gerschenkron, Alexander. 1962. "Economic Backwardness in Historical

    Perspective." In Economic Backwardness in Historical Perspective: A Book of

    Essays. Cambridge, MA: Harvard University Press.

    2.*Lipset, Martin, Kyoung-Ryung Seong, and John Charles Torres. 1993. "A

    Comparative Analysis of the Social Requisites of Democracy." International

    Social Science Journal, 45 (May): 155-75.

IILiberal Economics and Developmental State (9/29)

    1.*World Bank. 1998. East Asia: The Road to Recovery. Washington, D.C.: The

    World Bank. Pp. Xiii-xv, 1-17, 111-29.

    2.*White, Gordon, ed. 1988. Developmental States in East Asia. New York: St.

    Martin's Press. Ch. 1.


    3.1 Bhagwati, Jagdish N., and Anne O. Krueger. 1973. "Exchange

    Control, Liberalization, and Economic Development." American

    Economic Review, 63(2): 419-27.

    3.2 Hasan, Parvez. 1982. Growth and Structural Adjustment in East Asia.

    World Bank Staff Working Papers, no. 529. Washington, D.C.: World

    Bank. Pp. 5-28.

    3.3 Balassa, Bela. 1984. "The Policy Experience of Twelve Less

    Developed Countries, 1973-1979." In Comparative Development


    Perspectives, eds. Gustav Ranis and Cynthia T. Morris. Boulder, CO:


    3.4 World Bank. 1993. The East Asian Miracle: Economic Growth and

    Public Policy. New York: Oxford University Press. Pp: 1-26, 347-68. 3.5 Krugman, Paul. 1994. The Myth of Asias Miracle. Foreign Affairs,

    73(6, Nov/Dec): 62-78.

    3.6 Johnson, Chalmers. 1987. "Political Institutions and Economic

    Performance." In The Political Economy of the New Asian

    Industrialism, ed. Frederic C. Deyo. Ithaca, NY: Cornell University


    3.7 Chan, Steve, Cal Clark, and Danny Lam. eds. 1998. Beyond the

    Developmental State: East Asia's Political Economies Reconsidered.

    NY: St. Martin's Press. Pp. 1-24.

    3.8 Dick, William G. 1974. "Authoritarian Versus Non-authoritarian

    Approaches to Economic Development." Journal of Political

    Economy, 8214: 817-27.

    3.9 Levy, Margaret. 1988. The Predatory Rule of the State. Berkeley, CA:

    University of California Press. Chaps. 1-3.

    3.10 Wade, Robert. 1990. Governing the Market: Economic Theory and

    the Role of Government in East Asian Industrialization. Princeton, NJ:

    Princeton University Press.

    3.11 Evans, Peter. 1995. Embedded Autonomy: States and Industrial

    Transformation. Princeton, NJ: Princeton University Press. Chaps.


    3.12 Noble, Gregory W. 1998. Collective Action in East Asia: How Ruling

    Parties Shape Industrial Policy. Ithaca, NY: Cornell University Press. 3.13 Woo-Cumings, Meredith. Ed. 1999.The Developmental State. Ithaca,

    NY: Cornell University Press.

    IIINeo-Statism and Asian Financial Crisis (10/6)

    1.*Haggard, Stephan. 2000. The Political Economy of the Asian Financial Crisis. Washington, D.C.: Institute for International Economics. Chs. 1, 6.

    2.*Weiss, Linda. 2000. "Developmental States in Transition: Adapting, Dismantling, Innovating, not 'Normalizing'." The Pacific Review, 13 (1):


    3.Lukauskas, Arvid. 2002. Financial Restriction and the Developmental State in East Asia: Toward a More Complex Political Economy. Comparative

    Political Studies, 35 (4, May): 379-412.



    4.1 Green, Francis, David Ashton, Donna James, Johnny Sung. 1999.

    "The Role of the State in Skill Formation: Evidence from the Republic

    of Korea, Singapore, and Taiwan. Oxford Review of Economic Policy,

    15 (1): 82-96.

    4.2 Henderson, Jeffrey. 1999. "Uneven Crises: Institutional Foundations

    of East Asian Economic Turmoil." Economy and Society, 28, (3,

    August): 327-68.

    4.3 Kim, Byung-Kook, and Hyug-Baeg Im. 2001. “‟Crony Capitalism in

    South Korea, Thailand and Taiwan: Myth and Reality. Journal of

    East Asian Studies, 1 (2, February): 5-52.

    4.4 Clark, Cal, and Changhoon Jung. 2002. Implications of the Asian Flu

    for Developmental State Theory: The Cases of South Korea and

    Taiwan. Asian Affairs: an American Review, 29 (1, Spring): 16-42.

    4.5 Heo, Uk, and Alexander C. Tan. 2003. Political Choices and

    Economic Outcomes: A Perspective on the Differential Impact of the

    Financial Crisis on South Korea and Taiwan. Comparative Political

    Studies, 36 (6, August): 679-98.

    4.6 Weiss, Linda. 1998. The Myth of the Powerless State. Ithaca, NY:

    Cornell University Press. Chaps. 2,3.

    4.7 Jackson, Karl D. ed. 1999. Asian Contagion: The Causes and

    Consequences of a Financial Crisis. Boulder, CO: Westview.

    4.8 Pempel, T.J. 1999. The Politics of the East Asian Economic Crisis.

    Ithaca, NY: Cornell University Press.

    IVNew Institutionalism (10/13)

    1.* Kuo, Cheng-Tian. 1995. Global Competitiveness and Industrial Growth in Taiwan and the Philippines. Pittsburgh: University of Pittsburgh Press, Chap. 2.

    2.*Hamilton, Gary. 1999. "Asian Business Networks in Transition: or, What Alan Greenspan Does not Know about the Asian Business Crisis." In T.J. Pempel, ed. The Politics of the Asian Economic Crisis. Ithaca, NY: Cornell

    University Press.

    3.*Zhang, Xiaoke. 2002. Domestic Institutions, Liberalization Patterns, and Uneven Crises in Korea and Taiwan. Pacific Review, 15 (3, August): 409-42.



4.1 Kim, Byung-Kook, and Hyug-Baeg Im. 2001. “‟Crony Capitalism in

    South Korea, Thailand and Taiwan: Myth and Reality. Journal of East

    Asian Studies, 1 (1, February): 5-51).

    4.2 郭承天。2000。「新制度論與政治經濟學」。何思因、吳玉山,

    主編。。政治學報特輯,vol. 31. 台北(中邁入廿一世紀的政治學


    4.3 North, Douglass C. 1990. Institutions, Institutional Change and

    Economic Performance. Cambridge: Cambridge University Press.

    Parts I and III.

    4.4 Katzenstein, Peter J. 1985. Introduction. In Small States in World

    Markets. Ithaca, NY: Cornell University Press. 4.5 Schmitter, Philippe C. 1979. Still the Century of Corporatism? In

    Trends toward Corporatist Intermediation, eds. Philippe C. Schmitter

    and Gerhard Lehmbruch. Beverly Hills, CA: Sage. 4.6 Lukauskas, Arvid. 2002. Financial Restriction and the Developmental

    State in East Asia: Toward a More Complex Political Economy.

    Comparative Political Studies, 35 (4, May): 379-412.

    4.7 Khan, Mushtag H., and Jomo K.S. eds. 2000. Rents, Rent-Seeking

    and Economic Development: Theory and Evidence in Asia. New

    York: Cambridge University Press.

    4.8 Deyo, Frederic, and Richard F. Doner. 2001. Introduction: Economic

    Governance and Flexible Production in East Asia. In Frederic C.

    Deyo, Richard F. Doner, and Eric Hershberg. Eds. Economic

    Governance and the Challenge of Flexibility in East Asia. New York:

    Rowman & Littlefield Publishers.

    4.9 Gomez, Edmund Terence. Ed. 2002. Political Business in East Asia.

    New York: Routledge.

    VJapan Number One (10/20)

    1.* Johnson, Chalmers. 1982. MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975. Stanford, CA: Stanford University Press. Pp.305-24.

    2.*Okimoto, Daniel I. 1989. Between MITI and the Market: Japanese Industrial Policy for High Technology. Stanford, CA: Stanford University Press. Pp. 1-54, 229-40.


    3.1 Pempel, T.J., and Keiichi Tsunekawa. 1979. Corporatism Without


    Labor? In Trends Toward Corporatist Intermediation, eds. Philippe C.

    Schmitter and Gerhard Lehmbruch. Beverly Hills, CA: Sage.

    3.2 Dore, Ronald. 1986. Flexible Regidities: Industrial Policy and

    Structural Adjustment in the Japanese Economy 1970-80. Stanford,

    CA: Stanford University Press.

    3.3 Gerlach, Michael L. 1992. Alliance Capitalism: The Social

    Organization of Japanese Business. Berkeley, CA: University of

    California Press.

    3.4 Cheng-Tian Kuo and Takuya Yanagisawa.. 1992. "The Politics of

    Japan's Rice Trade." Journal of Northeast Asian Studies, Vol. 11, No.

    4, pp.19-39.

    3.5 Vogel, Steven K. 1996. Freer Markets, More Rules: Regulatory

    Reform in Advanced Industrial Countries. Ithaca, NJ: Cornell

    University Press.

    3.6 Pempel, T.J. 1998. Regime Shift: Comparative Dynamics of the

    Japanese Political Economy. Ithaca, NY: Cornell University Press.

    3.7 George, Aurelia. 2000. The Politics of Agriculture in Japan. New

    York: Routledge.

    VIJapan in Crisis (10/27)

    1.*Uriu, Robert. 2003. Japan in 2002: An Up-and-Down Year, but Mostly Down. Asian Survey, 43(1): 78-90.

    2.*Gao, Bai. 2001. Japan’s Economic Dilemma: The Institutional Origins of Prosperity and Stagnation. New York: Cambridge University Press. Chaps. 1,8.

    3.*Robert Boyer, and Toshio Yamada. 2000. Japanese Capitalism in Crisis: A Regulationist Interpretation. New York: Routledge. Introduction, Conclusion. 4.Optional:

    1.1 Morishima, Michio. 2000. Japan at a Deadlock. New York: St.Martin‟s

    Press, Chaps 1, 8.

    1.2 Kuo, Cheng-Tian, and Tzeng-Jia Tsai. 1999. "Differential Impact of the

    Exchange Crisis on Taiwan, Japan, and South Korea: A

    Politico-Institutional Explanation." Issues and Studies, 34(11/12):


    1.3 Lincoln, Edward J. 2002. "Japan in 2001: A Depressing Year." Asian

    Survey, 42 (1): 67-80.

    VIISouth Korea (11/3)


1.*Lee, Hong Yung. 2003. South Korea in 2002: Multiple Political Dramas.

    Asian Survey, 43(1): 64-77.

    2.*Amsden, Alice H. 1989. Asia's Next Giant: South Korea and Late Industrialization. New York: Oxford University Press. Chap.6.

    3.*Choi, Jin-Wook. 2002. "Regulatory Forbearance and Financial Crisis in South Korea." Asian Survey, 42 (2): 251-75.


    4.1 Koo, Hagen, and Eun Mee Kim. 1992. “The Developmental State and

    Capital Accumulation in South Korea,” in Richard P. Appelbaum and

    Jeffrey Henderson, eds. States and Development in the Asian Pacific

    Rim. Newbury Park, CA: Sage.

    4.2 Rhee, Jong-Chan. 1994. The State and Industry in South Korea: The

    Limits of the Authoritarian State. New York: Routledge. Pp. 1-33,

    203-27, 229-41.

    4.3 Hahm, Sung Deuk, and L. Christopher Plein. 1995. “Institutions and

    Technological Development in Korea: The Role of the Presidency,”

    Comparative Politics, vol.28, no.1, October, pp.55-76.

    4.4 Lee, Yeon-ho. 1996. "Political Aspects of South Korean State

    Autonomy: Regulating the Chaebol, 1980-93." Pacific Review, 9(2):


    4.5 Kang, David. 1996. "Regionalism, Democracy, and the Institutional

    Foundations of Korean Politics." Paper presented at the annual

    meeting of the APSA, August 29-September 1, San Francisco, CA. 4.6 Han, J., and LHM, Ling. 1998. "Authoritarianism in the

    Hypermasculinized State: Hybridity, Patriarchy, and Capitalism in

    Korea." International Studies Quarterly, 42(1): 53-78.

    4.7 Woo-Cumings, Meredith. 1999. "The State, Democracy, and the

    Reform of the Corporate Sector in Korea." In T.J. Pempel, ed. The

    Politics of the Asian Economic Crisis. Ithaca, NY: Cornell University


    4.8 Lee, Yeon-ho. 2000. "The Failure of the Weak State in Economic

    Liberalization: Liberalization, Democratization and the Financial Crisis

    in South Korea." The Pacific Review, 13 (1): 115-31.

    4.9 Heo, Uk, and Sunwoong Kim. 2000. "Financial Crisis in South Korea:

    Failure of the Government-led Development Paradigm." Asian Survey,

    40 (3): 492-507.

    4.10 Koo, Hagen. 2000. "The Dilemmas of Empowered Labor in Korea."

    Asian Survey, 40 (2): 227-50.


    4.11 Im, Hyug Baeg. 2002. Between Globalization and Democratization:

    Koreas Rough Road to Tripartis. Paper presented at the Workshop

    on Crisis of Democratic Governance in East Asia, sponsored by the

    Department of Political Science, Korea University and Institute of

    International Relations, National Chengchi University, March 11-13,

    Taipei, Taiwan.

    4.12 Ha, Yong-Chool. 2002. "South Korea in 2001: Frustration and

    Continuing Uncertainty." Asian Survey, 42 (1): 56-66.

    VIIITaiwan (11/10)

    1.*Rigger, Shelley. 2003. Taiwan in 2002: Another Year of Political Droughts and Typhoons. Asian Survey, 43(1): 41-48.

    2.*Cheng-Tian Kuo. 1995Global Competitiveness and Industrial Growth in Taiwan and the Philippines. Pittsburgh, PA: University of Pittsburgh Press. Parts on Taiwan. Parts on Taiwan.

    3.*Shangmao Chen and Chengtian Kuo. 2002. "The Growth of Casino Capitalism: Mixed Reforms of the Financial Institutions." Paper presented at the International Workshop on Challenges to Taiwans Democracy in the

    Post-Hegemonic Era, co-sponsored by Hoover Institution, Stanford University and the Institute for National Policy Research, Taipei, June 7-8, 2002. 4.Optional:

    4.1 Gold, Thomas B. 1986. State and Society in the Taiwan Miracle. New

    York: M.E. Sharpe.

    4.2 Chu, Yun-han. 1999. "Surviving the East Asian Financial Storm: The

    Political Foundation of Taiwan's Economic Resilience." In T.J. Pempel,

    ed. The Politics of Asian Economic Crisis. Ithaca, NY: Cornell

    University Press.

    4.3 Wu, Yu-shan. 2002. Taiwan in 2001: Stalemated on All Fronts.

    Asian Survey, 42 (1): 29-38.

    IXThe Philippines (11/17)

    1.*Montesano, Michael J. 2003. The Philippines in 2002: Playing Politics, Facing Deficits, and Embracing Uncle Sam. Asian Survey, 43(1): 156-66.

    2.*Kuo, Cheng-Tian. 1995. Global Competitiveness and Industrial Growth in Taiwan and the Philippines. Pittsburgh: University of Pittsburgh Press, Chaps. 3-7. The parts on the Philippines


    3.*De Dios, Emmanuel S. and Paul Hutchcroft. 2002. "Political Economy: Examining Current Challenges in Historical Perspective.In The Philippine

    Economy: On the Way to Sustained Growth? Oxford: Oxford University



    4.1 International Monetary Fund. 2000. Philippines: Toward Sustainable

    and Rapid Growth - Recent Developments and the Agenda Ahead.

    Washington DC: International Monetary Fund.

    4.2 Noland, Marcus. 2000. "The Philippines in the Asian Financial Crisis."

    Asian Survey, 40 (3): 401-12.

    4.3 Timberman, David G. 1991. A Changeless Land: Continuity and

    Change in Philippine Politics. New York: M.E. Sharpe. Pp. 322-400.

    4.4 Thompson, Mark R. 1996. “Off the Endangered List: Philippine

    Democratization in Comparative Perspective,” Comparative Politics,

    vol.28, no.2, January, pp.179-205.

    4.5 Hutchcroft, Paul. 1999. "Neither Dynamo nor Domino: Reforms and

    Crises in the Philippine Political Economy." In T.J. Pempel, ed. The

    Politics of the Asian Economic Crisis. Ithaca, NY: Cornell University


    4.6 Labrador, Mel C. 2002. "The Philippines in 2001: High Drama, A

    New President, and Setting the Stage for Recovery." Asian Survey, 42

    (1): 141-49.

    XThailand (11/24)

    1.*Mutebi, Alex M. 2003. Thailand in 2002: Political Consolidation amid Economic Uncertainties. Asian Survey, 43(1): 101-12.

    2.*Kuo, Chengtian. 2000"New Financial Politics in Thailand and Malaysia." Issues and Studies, 36 (6, November/December): 139-76.

    3.*Doner, Richard, and Ansil Ramsay. 2003. The Challenges of Economic

    Upgrading in Liberalising Thailand. In Linda Weiss, ed. States in the Global

    Economy: Bringing Domestic Institutions back in. New York: Cambridge

    University Press.


    4.1 Laothamatas, Anek. 1988. "Business and Politics in Thailand." Asian

    Survey, 28(4): 451-70.

    4.2 Laothamatas, Anek. 1992. Business Associations and the New

    Political Economy of Thailand: From Bureaucratic Polity to Liberal

    Corporatism. Boulder, CO: Westview Press.


    4.3 Fry, Gerald. 1992. “Thailand„s Political Economy: Change and

    Persistence,” in Cal Clark and Steve Chan, eds., The Evolving Pacific

    Basin in the Global Political Economy: Domestic and International

    Linkages. Boulder, CO: Lynne Rienner.

    4.4 Muscat, Robert J. 1994. The Fifth Tiger: A Study of Thai

    Development Policy. New York: M.E. Sharpe.

    4.5 Lauridsen, LS. 1998. "The Financial Crisis in Thailand: Causes,

    Conduct, and Consequences." World Development, 26(8): 1575-91.

    4.6 Phongpaichit, Pasuk, and Chris Baker. 2000. Thailand's Crisis.

    Singapore: Institute of Southeast Asian Studies. 4.7 Girling, John. 1996. Interpreting Development: Capitalism,

    Democracy, and the Middle Class in Thailand. Ithaca, NY: Cornell

    Southeast Asia Program Publications.

    4.8 Phongpaichit, Pasuk, and Chris Baker. 2000. Thailand's Crisis.

    Chiang Mai, Thailand: Silkworm Books. Chs. 2, 9, 10. 4.9 Montesano, Michael J. 2002. "Thailand in 2001: Learning to Live with

    Thaksin?" Asian Survey, 42 (1): 90-99.

    XIMalaysia (12/1)

    1.*Ganesan, N. 2003. Malaysia in 2002: Political Consolidation amid Change?

    Asian Survey, 43(1): 147-55.

    2.*Kuo, Chengtian. 2000"New Financial Politics in Thailand and Malaysia." Issues and Studies, 36 (6, November/December): 139-76.

    3.*Hamilton-Hart, Natasha. 2002. Asian States, Asian Bankers: Central Banking in Southeast Asia. Ithaca, NY: Cornell University Press. Chap.5. 4.Optional:

    4.1 Bowie, Alasdair. 1991. Crossing the Industrial Divide: State, Society,

    and the Politics of Economic Transformation in Malaysia. New York:

    Columbia University Press.

    4.2 Jomo, K.S. 1998. "Financial Liberalization, Crises, and Malaysian

    Policy Responses." World Development, 26(8): 1563-74.

    4.3 Crouch, Harold. 1996. Government and Society in Malaysia. Ithaca,

    NY: Cornell University Press. Pp. 177-248.

    4.4 Nesadurai, Helen E.S. 2000. "In Defence of National Economic

    Autonomy? Malaysia's Response to the Financial Crisis." The Pacific

    Review, 13 (1): 73-113.

    4.5 Martinez, Patricia. 2002. "Malaysia in 2001: An Interlude of

    Consolidation." Asian Survey, 42 (1): 133-40.


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