Portland State University

Department of Economics

Economics 410/510: East Asian Economic Development (Fall, 2008)

The Take-home midterm exam is now available.

Course Time and Place: TTH 14:00 – 15:50 & Neuberger Hall 387

Instructor: Hiro Ito, Associate Professor of Economics

Office: Cramer Hall 241-F

Email: ito@pdx.edu

Phone: x5 – 3930

Office Hours: 12:30 – 13:30 on TTh, or by appointment

There is no required textbook for this course.

However, there is a required reading packet that is available at Clean Copy, 1704 SW Broadway (across the street from Cramer Hall), (503) 221-1876.

The course syllabus is available here.

The information about the presentation/term paper assignment is available here.

Lecture Notes

– Japan’s economy in the immediate aftermath of WWII

– Japan’s steady economic growth

– “Great recession”

– East Asian Miracle

– Taiwan’s Economic Development

– Korea’s Economic Development

– China’s Economic Development 1

– China’s Economic Development 2

– China’s Economic Development 3

– The “Saving Glut” argument

Class schedule and reading assignments

(“RP” means the articles/papers can be found in the reading packet)

Week 1	Introduction: Why are we interested in East Asia?
	General discussions on Economic development: Solow Growth Model and Endogenous Growth Model, Todaro and Smith, Ch. 3 (esp. p. 119 – 139), Perkins et al., Ch. 2 (esp. p. 52 – 82). Both readings will be distributed in class.
Week 2	Japan’s experience
	Flath, p.71 – 93, Ito Ch.3. Both readings will be distributed in class.
Week 3	Japan’s experience, continued
	Nakamura, Ch.6&7 (RP), Ito and Szamosszegi, p. 5 – 32, Vogel
Week 4	East Asian model
	Islam, p. 1 – 43 (RP), World Bank, East Asian Miracle, p. 27 – 156 (RP)
	Korea and Taiwan
	Lau, p. 17 – 126.
	The Economist’s survey on Taiwan (2005)
	The Economist’s survey on Korea (2003)
Weeks 5	Korea and Taiwan, continued
	Chinese economic development
	Chow, p. 9 – 86,
Weeks 6	Chinese economic development, continued
	Chow, p. 9 – 86, p.281 – 319
November 4	The take-home midterm is available
Week 7
November 11	Veteran’s Day (No class)
	Current Topics related to China: The Saving Glut Argument, Trade and FDI
	Ito (2008), The Economist’s Special Issue on China
	The Business Week, March 28, 2006
	Testimony by Fred Bergsten, March 29, 2006
	Will the Bretton Woods 2 (BW2) Regime Collapse Like the Original Bretton Woods Regime Did? The Coming End Game of Bretton Woods 2 by Nouriel Roubini, July 6, 2008
Week 8	Take home MT due on November 18!!

Presentation series starts!

November 18	Lakin on “Liberalization of the Banking System in South Korea since the Financial Crisis of 1997-98”
	Reading for Lakin’s presentation
	Nic on “Challenges the Pilipino Economy”
	Reading for Nic’s presentation
	Sarah on “Japan’s Health Insurance System”
	Reading for Sarah’s presentation
November 20	Piero on “Effects of Environmental Deterioration in China”
	Readings for Piero’s presentation 1) http://www.economist.com/world/asia/displaystory.cfm?story_id=10566907 2) http://www.nytimes.com/2007/08/26/world/asia/26china.html 3) http://www.globalpolicy.org/socecon/envronmt/2005/0704pollutionchina.htm
	Josh on “Growing Economic Ties between Asia and Africa”
Week 9
November 25	Hoil on “Korean FTAs”
	Reading 1 for Hoil’s presentation
	Reading 2 for Hoil’s presentation
	Ray on “Chinese Energy Acquisition in the Middle-East and Eastern Europe
	Cody on “Japan’s Aging Working Population”
November 27	Happy Thanksgiving!!
Week 10
December 1	Yoon on “President Park’s Industrial Policy in Korea”
	Christopher on “Korea and IT”