Abstract
Jong H Park is a professor at Kennesaw University, where he works at the the Department of Economics & Finance, Coles College of Business. In 1991, he got a PHD from Massachusetts Institute of Technology, where he also graduated with a Master. The THE EAST ASIAN MODEL OF ECONOMIC DEVELOPMENT AND DEVELOPING COUNTRIES was written in 2002, 5 years after the Asian crisis, which allow the author to analyze the situation with a significant background.
This article analyze the East Asian crisis and economical model from different point of view. He tries to link the differences and similarity in terms of economy, culture, history, between the Asian countries, in order to provide an explanation to the development and to the impact of the crisis. He particularly insist upon the role of the government to explain the limitations of markets, and the impact on the possible end of the East Asian model of economic development.
