1 December 2014, 12:30 - 14:00, Madariaga - College of Europe Foundation
In his recent book “How Asia Works”, Joe Studwell analyses the development patterns of nine economies in East Asia. He notes that until nations have achieved a certain technological self-sufficiency, they cannot possibly succeed with a neo-classical economic model. Moving away from the 10-step Washington consensus, Studwell proposes a three-step recipe for success, which he calls “the economics of learning”: land reform to maximise high-yield household farming, focus on export-orientated manufacturing to produce globally competitive goods, and strict capital control or financial repression. As these steps echo policies implemented by China over the last few decades, we can ask ourselves if a new development paradigm is emerging. How have development ideas and models spread back and forth from certain Asian countries to others? Is there a “Chinese lesson” for East Asian countries? Which kind of political leadership does this development model require? How are good governance and democratic governance articulated in this framework?
A lunch-debate with:
- Joe Studwell, journalist, public speaker and author of “How Asia Works”
- Jean-Christophe Defraigne, professor in Economics at FUSL (Brussels) and visiting Professor at the Louvain School of Management and at Zhejiang Da Xue in China
The debate was moderated by Pierre Defraigne, Executive Director, Madariaga - College of Europe Foundation.
The debate was held in English.