Japan and industrialization in Asia -An essay in memory of Dr. Saburo Okita-

Yutaka Kosai, Van Tho Tran

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

After documenting the spread of high-speed economic growth associated with rapid industrialization in East Asia, this essay elaborates on the Okita idea of a "flying geese pattern of development" in this region and tries to analyze the reasons accounting for that pattern. Major factors analyzed in the essay are transformations in policy, high levels of investment, and regional externalities. Among the key concepts used in this essay are the virtuous circle of investment, exports, and imports, and the ideas of an optimal degree of diversity, and an optimal technological gap. Finally, the concept of "Japanese inputs" in East Asian development is put forth and the role of Saburo Okita as a channel and assimilator of knowledge is discussed.

Original languageEnglish
Pages (from-to)155-176
Number of pages22
JournalJournal of Asian Economics
Volume5
Issue number2
DOIs
Publication statusPublished - 1994
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

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