Demand-responsive industrialization in East Asia
A new critique of political economy
Bibliographic Data
| ID | 2398086 |
|---|---|
| Authors | Gary G Hamilton (University of Washington, Seattle, WA, USA, corresponding author), Solee I Shin (Lund University), Solee Shin (0000-0002-2667-974X, Lund University) |
| Year | 2015 |
| Volume | 18 |
| Issue | 4 |
| Pages | 390-412 |
| Publication date | 2015-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | European Journal of Social Theory (JOURNAL) |
| Journal identifiers | ISSN: 1368-4310 • E-ISSN: 1461-7137 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/1368431014568425 |
| OpenAlex | W2156826167 |
| Language | EN |
| Citations received | 8 |
| References cited | 59 |
In the mid-nineteenth century, Karl Marx issued several critiques of political economy writings stressing the exclusive duality of states and the national economies. He argued that capitalism had characteristic features quite apart from those shaped by the idiosyncrasies of national economies. In the first part of this article, we critique the contemporary state-centered explanations for the industrialization of East Asia on same grounds. We claim that most political economists misinterpret or entirely ignore the significance of export-led industrialization, which is a characteristic feature of East Asian capitalism. In the second part of the article, we demonstrate the importance of the retail revolution in the US and Europe on Asian industrialization. In particular, we show that the development of the sequential ordering system that is an inherent feature of Western-based contract manufacturing differentially shaped the industrial organization of East Asian economies. The resulting path-dependent trajectories of development, in turn, encouraged government policy-makers to 'buy into' trends of global capitalism in different ways. The trajectories also led business people to privilege and adapt some social institutions and cultural patterns over other ones
Capitalism · China · Developmental state · East Asia · Economic system · Economics · Economy · Industrialisation · Market economy · Political economy · Political science · Politics · Sociology · Asian Industrial and Economic Development · Global trade, sustainability, and social impact · Law · Political Economy and Marxism
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| Unique citing works | 8 |
|---|---|
| Citations per year | 1 |
| Citation span | 2018 - 2025 (8) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |