Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Johnson, C.
Right arrow Search for Related Content
Related Collections
Right arrow O10 - General
Right arrow O16 - Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Right arrow P16 - Political Economy
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Copyright © Cambridge Political Economy Society

research-article

Economic crisis in East Asia: the clash of capitalisms

Chalmers Johnson*

*Japan Policy Research Institute Cardiff, CA, USA

Abstract

The Asian economic model does not exist uniformly in East Asia and is itself only a model, not the complex economic reality of a huge and diverse area. ‘Crony capitalism’ is an inadequate explanation for what has happened in East Asia. And in the debate between Anglo-American economic orthodoxy and revisionism, the meltdown has tended to confirm the results of revisionist research. There are three main contenders among explanations for the meltdown—all three of which may prove to be true. These are the liquidity-crunch explanation, the overcapacity explanation, and the end-of-the-Cold-War-in-East-Asia explanation.

Manuscript received March 3, 1998; final version received June 17, 1998.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Thesis ElevenHome page
J. S. Kahn and F. Formosa
The Problem of `Crony Capitalism': Modernity and the Encounter with the Perverse
Thesis Eleven, May 1, 2002; 69(1): 47 - 66.
[Abstract] [PDF]

Home page
 Thesis ElevenHome page
J. P. Arnason
Introduction
Thesis Eleven, May 1, 1999; 57(1): iii - vii.
[PDF]


Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.