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Dr. Satya J. Gabriel
Associate Professor of Economics
This course provides an overview of economic development in East Asia. The complex interplay of public policy, global competition, and domestic economic relationships in China, Japan, and Korea will serve as the core subject matter of the course, although the patterns of economic development in Indonesia, Malaysia, and Singapore will also be discussed. Special attention is given to examining the conditions under which regional economies have successfully blended elements of import substitution industrialization with export-oriented growth. Students will explore the similarities between the Japanese keiretsu system and the South Korean chaebol system, as well as the relative effectiveness of industrial policy in all the countries examined. The course will conclude with a discussion of the impact of the regional economic crisis, the current wave of reforms, and the potential for future growth and development.