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자료유형
학술저널
저자정보
저널정보
한국경제연구학회 Korea and the World Economy The Journal of the Korean Economy Vol.3 No.2
발행연도
2002.9
수록면
369 - 393 (25page)

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The Asian financial Crisis in 1997 proved to be a watershed in the economic development of post-war Asia. During the period of crisis, the so-called Asian Model has been criticized seriously by the dominant opinions around the world, while the Anglo-Saxon-American models have been suggested as an alternative. However, according to the author's study, there is neither the causality between the Asian model and the crisis, nor the crucial differences between the Asian model and the Anglo-American models; all these economic models share similar theoretic origins. The main reason for the crisis is the nature of the international economic system and functions of the market. However, in order to reduce the intensity of crises and imbalances with the rest of the world, Asia must seek another alternative. The author's suggestion is that the region has to establish the Asian Economy and Monetary Union (AEMU) at first, and then followed by the Asian Union (AU). This is not a mere imitation of the EU, but a renewal of the idea of a commonwealth of states that had been stated by Confucius 2500 years ago. All proposals and practices relevant to this idea can be called New Asianism.

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ABSTRACT

1. ASIAN FINANCIAL CRISIS AND ASIAN MODEL

2. RECONESIDERATION OF THE INTERNATIONAL ECONOMIC SYSTEM

3. AEMU AND AU IN ASIA

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