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ECON 124: Economic Growth, Development, and Challenges of East Asia

This course explores economic growth and development in East Asia and the region¿s current economic policy issues. For the purpose of this course, we will largely focus on China, Japan, and Korea. However, we will incorporate Southeast Asia when relevant. The first part of the course examines economic growth in East Asia and the development strategies pursued. Cross country comparisons will help draw similarities but also differences in the development processes. We will also discuss the validity of an East Asian model for economic growth. The second part of the course focuses on the specific factors relating to economic development, e.g., human capital, firms, infrastructure, institutions, democracy, political leaders, etc. We will also discuss the current challenges and policy issues. Readings will come from books, journal articles, reports, news articles, and case studies. Many of the readings will have an empirical component and students will be able to develop their understanding of how empirical evidence is presented in articles. Prerequisites: Econ 102B.
Terms: Spr | Units: 5 | Grading: Letter (ABCD/NP)
Instructors: Lee, Y. (PI)
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