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| THE ECONOMIC CRISIS OF EAST ASIA AND NEW EXPLORATION OF EAST ASIA MODEL |
| DUAN Jin-jun, LU Da-dao |
| Institute of Geography, Chinese Academy of Sciences, Beijing 100101, China |
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Abstract The article analyses the economic model of East Asia from three aspects.First, the article analyses its characteristics and limitations from the angle of history.Then the article points out in the new conditions of economy globalizing, the model of East Asia can not be suitable to requirement of times, and it is relative with the economic crisis of East Asia closely.The main characteristic of East Asia model is that it distributes resources by government.Distributing resources by government may lead to twisting the structure of investment.Twisting structure of investment will induce foam economy and the spread of low beneficial industries.When foam economy and low beneficial industries develop to some extent, they will lead to economic crisis.So the writer thinks the model of East Asia is relative with the economic crisis of East Asia, and it must be reformed.At last the author puts forward new ideas about the model of East Asia.
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Received: 25 October 1998
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1999, Vol. 14 
