Portland State University

Department of Economics

 

 

Economics 448/548:

East Asian Economic Development (Fall 2016)

 

 

Course Time and Place:         TTh 14:00 – 15:50 & Fourth Ave Building 46

Instructor:                                 Hiro Ito, Professor of Economics

Office:                                       Cramer Hall 241-F

Email:                                        ito@pdx.edu

Phone:                                       x5 – 3930

Office Hours:                            TTh 13:00 – 14:00, or by appointment

 

There is a required reading packet for this course, that is available at Clean Copy, 1510 SW 6th Ave, Portland, OR 97201 , (503) 221-1876.

 

We will also use articles from Harvard Business Publishing (HBP). You will receive an email from me that will show how to create an account with HBP. Once you create an HBPaccount, you will have access to the articles that are required for this course. Each article costs about $4.

 

Other lecture notes and copies of journals and newspaper/magazine articles are occasionally distributed in class or posted on this website.

 

The HBP articles are available from here.

 

The course syllabus is available here.

 

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

 

 

 

 

Lecture Notes

       East Asian Characteristics

       Japan’s experience 1: The Japan Model

       Japan’s Experience 2: Bubble and Heisei Recession

       Challenges Japan is facing

       Korea and Taiwan

       East Asian Miracle

       China’s Economic Development

       China’s Economic Development 2

       China’s Economic Development 3

       Asia Crisis of 1997-98

       Changes in Industrial Structure

 

Important dates

October 27 (Thur.)                 First take-home exam due

November 22 (Tues.)             Second take-home exam due

November 24 (Thurs.)           Thanksgiving

November 29 (Tues.)             Class cancelled

December 8 (Tues.)               Term paper due (12pm)

 

Class schedule and reading assignments

(“RP” means the articles/papers can be found in the reading packet. “HBR” means articles from Harvard Business Review)

Week 1

Introduction: Why are we interested in East Asia?

 

Japan’s experience

 

Flath, p.71 – 93 (RP)

 

 

Week 2

Japan’s experience, continued

 

Ito Ch.3 (RP), Mosk, Ch.11 & 12 (RP), Krugman, “Japan’s Trap” (to be distributed)

 

 

 

Vietor, “Japan: Deficits, Demography, and Deflation” (HBP)

 

 

Week 3

Japan’s experience, continued

Korea, Taiwan, and the East Asian model

 

 

 

Lau, p. 17 – 126 (RP).

 

The Economist’s survey on Korea (10/26/2013)

Alfaro and Kim, “Transforming Korea Inc.: Financial Crisis and Institutional Reform” (HBP)

The first take-home exam will become available on the course website

 

 

Week 4

Chinese Economic Development

 

Chow, p. 9 – 67 (RP)

 

 

Week 5

Chinese economic development

 

Chow, p. 9 – 86, p.281 – 319. Spar and Oi (2006) “China: Building ‘Capitalism with Socialist Characteristics’” (HBP)

 

The Economist: Special report on the Chinese economy, April 19, 2014

The first take-home exam will be due on October 29 (Thur.)

Week 6

Chinese economic development, continued

 

Vietor, “China Unbalanced” (HBP)

First half (before the empirical analysis) of Ito (2008)

Week 7

East Asia and the Financial Crisis

 

Pill, et al., “Financial Crisis in Asia: 1997-98” (HBP)

Krugman, “Asia’s Crash” (to be distributed)

 

 

Week 8

Student presentations

 

November 19

Hugo Agusto

 

Michael Burger

 

 

 

 

Week 9

Student Presentations

 

 

The Second take-home exam will be due on November 25 (Tues.)

 

November 24

Handara Daniswara

 

Gregory Glesener

 

 

Week 10

Student Presentations

 

December 1

Jeffrey Irvin

 

Alan Webb

 

 

 

Term Paper Due at 2 pm on December 1 (Tuesday)

 

 

Updated on September 29, 2016