Bachelor
2026/2027
East Asian Economic Development
Type:
Elective course (HSE University and Kyung Hee University Double Degree Programme in Economics and Politics in Asia)
Delivered by:
Faculty of World Economy and International Affairs
When:
2 year, 3, 4 module
Open to:
students of one campus
Language:
English
ECTS credits:
5
Contact hours:
64
Course Syllabus
Abstract
East Asian economies have achieved rapid and sustained developments for quite a long period of time. The region as a whole has now been one of the three major poles of the world economy. Some call this phenomenon a miracle, but others see it as a logical consequence of well-concerted efforts of the countries involved. Some emphasize the common elements of the East Asian economic development, while others look into significant differences among individual countries’ development experience. While some argue that the growth engines of East Asian countries are not stoppable, others point out that East Asian miracles are over. This course is to help students understand various issues related with East Asian development and get an in-depth knowledge of the process of rapid economic development. This course is divided into two parts. The first part of the course is composed of a series of lectures focused on theoretical issues of Ease Asian development. Students will be introduced and guided to various theoretical debates related with understanding East Asian development. There will be an in-classroom exam at the end of the first part. The second part is mainly composed of students’ presentations on the country cases. Students are required to participate in a research project on a country case/comparative study of development experience by choosing a country from the region. Every student has to make a 10 minutes presentation during the class and develop it into a final term paper to be submitted in the final week.
Learning Objectives
- This course is to help students understand various issues related with East Asian development and get an in-depth knowledge of the process of rapid economic development.
Expected Learning Outcomes
- Students are also expected to be good at some methodological and technical skills necessary for studying economic development
- Students will be familiar with theoretical issues and empirical questions related with the subject
- Students will come out of this course with an expertise on one of the regional countries with a special focus on one of the theories dealing with an aspect of economic development of that country chosen by the student
Course Contents
- - Introduction: East Asian Development Experience
- - Theoretical Debates on East Asian Development
- - An Overview of East Asian Economic Development: Nature, Statistics, and Trends (North East Asia vs South East Asia)
- - Japanese Development Experience
- - Korean Development Experience
- - Taiwanese Development Experience
- - Development Experience of Singapore and Hong Kong
- - Southeast Asian Development Experience (Indonesia, Malaysia and Thailand)
- - Trade, Industry and Development: Export-Led Development?
- - Finance and Development: Financial Repression and High Savings Rate?
- - Japanese Bubble Crisis
- - East Asian Financial Crisis and Its Aftermath
- - Development of East Asia after the Crisis 1997
- - China’s factor in East Asia in the 21st century
- - World Crisis 2008 and East Asia
- - Wrap-up Session: Recasting the East Asian Development Model
Interim Assessment
- 2026/2027 4th module0.1 * Final test + 0.1 * Personal presentation + 0.2 * Class Participation + 0.2 * Exam + 0.2 * Class Attendance + 0.2 * Quizzes
Bibliography
Recommended Core Bibliography
- Principles of economics, Mankiw, N. G., 2012
- Белов А.В. - Япония: экономика и бизнес - 978-5-288-05716-8 - Санкт-Петербургский государственный университет - 2017 - https://znanium.ru/catalog/document?id=333219 - 333219 - ZNANIUM
Recommended Additional Bibliography
- Кудин, А. П. Частные предприятия в Китае: политика и экономика. Ретроспективный анализ развития в 1980–2010-е годы / А. П. Кудин , ответственный редактор В. В. Карлусов. — Москва : Дашков и К, 2017. — 494 с. — ISBN 978-5-394-02868-7. — Текст : электронный // Лань : электронно-библиотечная система. — URL: https://e.lanbook.com/book/103727 (дата обращения: 00.00.0000). — Режим доступа: для авториз. пользователей.