Description
Book SynopsisTerutomo Ozawa introduces a newly reformulated theory of âflying-geeseâ economic development, exploring Asiaâs dynamic growth and financial development. This unique book shows how the flying-geese theory can be expanded and applied to both the real- and the financial-sector structural transformation of regionally clustered economies.
Trade Review'Ozawa is, in many ways, a political-economy pioneer. . . Ozawa shows his vast understanding of the topic by deconstructing each stage of economic development into small, more precise problems. . . Ozawa's vast economic, historical and philosophical knowledge shines through in this book. . . brings a much needed multi-faceted perspective to the subject of economic development. It is written as clearly as economic theory can be, and although it is clearly intended for an academic (political-economy) readership, it is a useful book for the general public as well.' -- Adelina Bulak, Central European Journal of International and Security Studies
'... Ozawa's new book, The Rise of Asia
, is a blast of fresh air. . . Turning from the production or real economy to the financial or money economy. . . Ozawa [also] proposes an innovative stages theory of the balance of payments, linked to the stages of the production economy. . . The book, moreover, not only analyzes big trends and big policy issues but does so in remarkably lucid and graceful prose, accessible to undergraduates and the general reader.' -- Robert H. Wade, London School of Economics, Winner of the 2008 Leontief Prize in Economics, reviewed in Asia Policy
'Ozawa again breaks new ground in reformulating the flying-geese theory. . . This thought-provoking book is a must read, together with the previous one, for anyone who adopts the FG frame of reference for understanding of - and research on - the topic of economic development in an age of ever-deepening integration.' -- From the foreword by Kiyoshi Kojima
Table of ContentsContents: Foreword Preface Part I: Agenda 1. Is the Flying-Geese Theory Passé – or Still Relevant? Part II: Real-Sector Growth: Industrial Upgrading 2. Akamatsu’s Flying-Geese Theory – in the Rough 3. A Dynamic Stages Model of Structural Upgrading, Industrial Transplantation, and Knowledge Diffusion 4. Comparative Advantage Recycling in Labor-Driven Growth: An Unprecedented Opportunity for the Poor to Rise? 5. Structural Upgrading, Infrastructure Development, and Insatiable Quest for Natural Resources 6. The Asian Model for Latin America? A Tale of Two Regions Part III: Money/Finance Dimension 7. Borrowed Growth: Balance of Payments, Capital Flows, and Development Finance 8. Creating the World in America’s Own Image? Bibliography Index
