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Introduction

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Chapter Summary

Over the past few decades, East Asia has shown remarkable developmental dynamism, as compared to Latin America, Eastern Europe and Africa. In fact, any region would be hard-pressed to match East Asia in economic growth and structural change. East Asia has grown in population, production and trade to become the world’s biggest regional economy. The predominance of capitalist mode of production and accumulation happens to be in the center stage of the global transformations. Observing the ups and downs of adaptive change by a region like East Asia, and perhaps more interestingly by the nations of the Eastern and Central Europe with their unique historical context, the civilizational implications of East Asian capitalist development seem to take on renewed significance.

Keywords: East Asian capitalist development; regional economy

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