Does the experience of the East Asian Newly Industrialized Countries (South Korea, Taiwan, Hong Kong and Singapore) undermine the main assumptions of the dependency/world system approach/ If yes,
This 10-page paper begins by briefly outlining the astronomical pace of economic growth in the East Asian NICs. It then explores the course of development's relationship to development theory. It asserts that the neo-liberal link between economic development and democracy and greater equality is dismissed by the experience of the NICs. However, the dependency/world system approach, currently expressed in globalization, is affirmed by the recent history of the East Asian NICs and the present situation. 10 pgs. 17 f/c. 11b.
