THE COLLECTIVE CAPITALISM OF NORTHEAST ASIA AND THE LIMITS OF ORTHODOX ECONOMICS

In an effort to offer a more balanced assessment of Northeast Asian po litical economy than is typically found in the conventional neo-classi cal tradition, this paper highlights forms of business collectivism an d state-economy interaction that have, arguably, played an important r ole in Northeast Asian economic dynamism. Beyond this, there is an acc ount of why mainstream economic analysis has been so one-sided in its analysis of Northeast Asia. A number of policy implications are also d rawn from the analysis.