Dragons in Distress: Asia's Miracle Economies in Crisis

Challenging the prevailing wisdom of Asia's "miracle economies", this book argues that South Korea, Taiwan and Singapore are headed for crisis. The authors lead their readers on an exploration of the different dimensions of this crisis: environmental degradation, agriculture on the road to extinction, deteriorating labour- management relations, eroding political legitimacy, and deepening structural fissures in the industrial economy. Showing how these problems stem from the dynamics of the model of high-speed, export-oriented industrialization, they suggest strategies to surmount the unfolding crisis and open up the path to equitable and ecologically sustainable development.