Trade and Labour Market Outcomes: Why Have the East Asian Cubs Lagged Behind the Tigers?

Chris Manning, Alberto Posso

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    The ‘High Performing Asian Economies’ (HPAEs) of East Asia share much in common in terms of growth rates and patterns compared with other parts of the developing world (World Bank, 1993; Balassa, 1988). However, they differed in several other respects, such as the stock of human capital and governance arrangements in support of public policy, during the early decades of sustained growth (Booth, 1999). One lesser-known contrast was the more rapid real wage growth that underpinned a labour market transition and earlier industrial upgrading among the four newly industrialized economies (NIEs) (Hong Kong, Korea, Singapore and Taiwan), compared with the latecomers (the ‘second-tier NIEs’) in Southeast Asia. This remains a neglected area of research of the East Asian development experience. Analysis of these trends has wider implications for broadening our understanding of labour market dynamics associated with industrial transformation in other parts of the developing world, including in the rapidly growing Chinese and Indian economies.
    Original languageEnglish
    Title of host publicationThe Rise of Asia: Trade and Investment in Global Perspective
    Editors Prema-chandra Athukorala
    Place of PublicationLondon and New York
    PublisherRoutledge, Taylor & Francis Group
    Pages292-308
    Edition1st
    ISBN (Print)9780415556866
    DOIs
    Publication statusPublished - 2010

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