Theoretical and Applied Economics
No. 2 / 2019 (619), Summer
The role of Japan in the development of emerging markets in Asia. Key lessons learned for China
Bucharest University of Economic Studies, Romania
Abstract. Japan and China are two countries whose development strategies have led to high rates of economic growth. Japan managed to reinvent itself quickly after the Second World War, while China started to promote some of the principles of the market economy as late as the 1980s. Japan has already experienced a long period of economic slowdown and slump starting at the end of the previous century, while China is still growing at a face pace, although growth rates have been more subdued in the last few years. Nevertheless, both countries show signs of significant disbalance which may have a negative impact on their future development. Even though the two developmental models are far from being identical, there might be some similar trends. Our paper details the features of the Eurasian developmental models, particularly that of China and Japan, in order to provide a possible explanation for the significant growth rates experienced by the two countries, as well as to identify potential future growth trends.
Contents
The education and training. Priorities of the European Union
Posted offers in exogenous networks: A theoretical application and experimental results
The role of Japan in the development of emerging markets in Asia. Key lessons learned for China
Empirical examination of the stability of expectations – Augmented Phillips Curve for developing and developed countries
The causality between economic growth and stock market in developing and developed countries: Toda-Yamamoto approach
Government failure vs. Market failure. The implications of incomplete information
Foreign direct investment and total factor productivity in South Asia
The effects of political and financial risks on foreign direct investments to the MENAT countries
Exploring the nexus between macroeconomic variables and stock market returns in Germany: An ARDL Co-integration approach
Income inequalities and economic convergence in CEE countries
Exchange rate regimes and its impact on growth: An empirical analysis of BRICS countries
Dynamics of business cycle and long-term economic growth of Pakistan
Per capita gross domestic product and welfare of Gabonese households: A VAR model with exogenous hypothesis
Co-integration with regime shift between government expenditure and poverty reduction in Algeria
Trade in a two sector endogenous growth model with two accumulating factors
What discriminates the welfare outcomes of children in India. A multiple discriminant analysis in selected states