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Subject data sheet

Comparative Studies of Asian Emerging Markets

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Code: 4OG33NAK44M
Name: Comparative Studies of Asian Emerging Markets
Number of hours per semester: 56
Credits: 6
Fall/Spring: Fall
Language: English
Prerequisites: Advanced Comparative Economics
Course type: Compulsory Specialization Course
Department: Összehasonlító és Intézményi Gazdaságtan Tanszék
A Course leader: Dr. Székely-Doby András

Course description: The course examines relevant social, political, and economic problems of Asian emerging markets (especially China, South Korea, Taiwan, and India) from a comparative perspective. It focuses on institutions, economic development, and systemic transformations, through exploring the interaction of politics and economics. Topics include industrialization, the concept of the developmental state, authoritarian resilience, survival of communism, transition processes, prospects of democratization, clientelism, corruption and rent seeking.

Assessment, grading: The grades are as follows:
0-39 points: fail (1);
40-49 points: pass (2);
50-59 points: satisfactory (3);
60-69 points: good (4);
70-80 points: excellent (5).

Aims and objectives and description of the course: 

Time of class: Weekly schedule:
Week 1: Introduction. Institutions, Institutional Change.
Week 2: Economic and Political Systems. Development, and Transformation.
Week 3: The Legacy of Colonialism.
Week 4: The Developmental State.
Week 5: Development under Communism.
Week 6: Authoritarianism and Democratization.
Week 7: Midterm Exam.
Week 8: The forerunner: Industrialization in Japan.
Week 9: Reforms and Post-Socialist Transition in China.
Week 10: Sluggish Industrialization under Democracy: India.
Week 11: Rapid Industrialization under Authoritarian Rule: South Korea.
Week 12: Rapid Industrialization under Authoritarian Rule: Taiwan.
Week 13: East Asia’s Future: Will the Rest Rise Again?
Week 14: Final Exam.

Learning outcomes: 


Compulsory readings:

  • Amsden A. (2001): The Rise of ‘‘the Rest’’: Challenges to the West from Late-Industrializing Economies. Oxford University Press, Oxford.
  • Wade, R. (1990): Governing the Market. Economic Theory and the role of Government in East Asian Industrialization. Princeton University Press, Princeton.
  • Pei, M. (2006): China’s Trapped Transition. The Limits of Developmental Autocracy. Harvard University Press, Cambridge.
  • Dimitrov, M. K. (ed): Why Communism Did Not Collapse. Understanding Authoritarian Regime Resilience in Asia and Europe. Cambridge University Press, Cambridge.
  • Evans, P. (1995): Embedded Autonomy: States and Industrial Transformation. Princeton University Press, Princeton.
  • Przeworski, A. (1991): Democracy and the market: political and economic reforms in Eastern Europe and Latin America. Cambridge University Press, Cambridge.
  • Kornai J. (2008). From Socialism to Capitalism. Eight Essays. CEU Press, Budapest
  • Kitschelt, H. & Wilkinson, S. I. (eds): Patrons, Clients, and Policies Patterns of Democratic Accountability and Political Competition. Cambridge University Press, Cambridge.
  • Scheiner, E. (2006): Democracy Without Competition in Japan. Opposition Failure in a One-Party Dominant State. Cambridge University Press, Cambridge.
  • Papers:
  • Gerschenkron, A. (1992/1951): “Economic Backwardness in Historical Perspective”, In: Granovetter M. & Svedberg, R. (eds): The Sociology of Economic Life. Westview Press, Boulder. pp. 111-130.
  • Krugman, P. R. (1994): “The Myth of Asia's Miracle”, Foreign Affairs, Nov/Dec, 73, 6, pp. 62-78.
  • Knight, J. B. (2014): “China as a Developmental State”, The World Economy, vol. 37(10), October, pp. 1335-1347.
  • Hellman, J. S. (1998): “Winners Take All: The Politics of Partial Reform in Postcommunist Transitions”, World Politics, 50, 2, January, pp. 203-234.
  • Székely-Doby A. (2018): “Why have Chinese reforms come to a halt? The political economic logic of unfinished transformation”. Europe-Asia Studies, 2018/2.
  • Nathan, A. (2003) “Authoritarian Resilience”, Journal of Democracy, 14, 1, January, pp. 6-17.
  • Ho, W. Ch. (2013): “The New ‘Comprador Class’: the re-emergence of bureaucratic capitalists in post-Deng China”, Journal of Contemporary China, Vol. 22, No. 83, pp. 812–827.
  • Lu, X. (2000): “Booty Socialism, Bureau-Preneurs, and the State in Transition: Organizational Corruption in China”, Comparative Politics, Vol. 32, No. 3 (April), pp. 273-294.

Recommended readings:

Compulsory readings:
Recommended readings:


Last modification: 2018-06-03 10:27:42


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A "Tantárgyfelelős tanszék", a tantárgyfelelős neve a tantárgy oktatói és a kurzusinformációk automatikusan frissülnek a tanulmányi rendszerünk alapján.