emerald PUBLISHING Emerald Return of Marxian Macro-dynamics in East Asia 32

Explore the shifting landscape of East Asian economics with Return of Marxian Macro-dynamics in East Asia: 32. For years, the economic growth in this region was seen as a primary model for the success of capitalism. Many progressive economists, including developmental state theorists, viewed the East Asian model as a successful alternative to neoliberal market fundamentalism through state-led development. This volume examines how that narrative is changing. Following the Lost Decade of Japan in the 1990s, the IMF Crisis in South Korea in 1997, and the current economic challenges facing China, the traditional East Asian miracle story is being re-evaluated. This book provides a deep look into these transitions and the changing macro-dynamics of the region. It is an essential resource for those studying political economy and the evolution of economic models in Asia.