Question 1: main question
What kind of economic system do you prefer to live in?
Which division of contemporary Asian economic system do you consider best?
(Confucian Taiwan, Theravada Buddhist Thailand, Market communist China)
Defend your position: I prefer Confucian Taiwan/Theravada Buddhist Thailand/ Market Communist China
Defend your position of one particular country for purposes of the exam.
In constructing your response,
1) Describe how the Confucian family defends individual members against outsiders and the State.
2) Describe how Theravada Buddhism stresses anti-materialism self-enlightenment.
And
3) Chinese communist emphasis on privilege and rulers seeking best possible for themselves?
They don’t disdain the people as a whole but rather are an afterthought.
You need to do this concisely.
4) Describe how guilt controls Confucian behavior, 5) how shame controls Thai conduct, and 6) party privilege governs Chinese Communist action.
Every economic leader has a set of ideals, and there needs to be some disciplinary principle such that behavior is carried out.
7) Discuss the anti-competitiveness of the Confucian economic system (Tai)?
8) Discuss the anti-competitiveness of Theravada Buddhist (Thailand)?
9) Discuss the anti-competitiveness from the Communist system (China)?
(=In what way is the Chinese communist system anti-competitive? )
10) Describe how anti-competitiveness impairs technical efficiency. All the diagrams are in the Japanese section and you say that if competition is impaired then factors cannot be allocated to best use and you do not have the proper degree of capital and unemployment. You choose the wrong or inferior technologies, and anti-competitiveness is not a trivial concept; it’s a way of saying that if you wanna do things your way you must understand that it will bear a cost. Oh I just discovered how I hcan have everything and more than everything. We are dismal scientists trying to pretend we have it all. Continuing.
Productivity and growth. You’ll be underproductive in this society, which creates low productivity and low growth.
11) Discuss the comparative merit of Western versus Taiwanese/Thai and Chinese approaches to promoting social welfare. This one’s a hard one, but the shorthand on this is he’s asking us about public plans and public policy. We have the Pareto model, but at the end of the day everyone acknowledges that the model has a possibility for transfers. Liz will be a lawyer and make a zillion dollars. In the Pareto model,
This is basically a democratic approach
It says the public sector should only do things that the competitive market cannot provide.
The pure theory says that the government is more efficient at proviing than the private sector. Medicare, environmental defense programs.
Macroeconomic and public program go hand in hand, because if you deficit spend then affect AD; if you accumulate that also affects AD (aggregate demand)
How do the Taiwanese go about doing this?
The Confucian culture insists that family units are self-sufficient.
Your nuclear family hangs together and is self-sufficient and as a result there are very low-levels of deficit spending in the system. The Taiwanese approach public programs by assigning the government the smallest role.
The
In the Thai system, being anti-materialist, the government pays little attention to these issues. People support themselves on a basic charitable system. If they have less, they live on less. People just survive, yet with a smile. This is part of the Buddhist system.
From the statistical point of view, it shows up in a small 35:31public sector. You need not pay taxes; you can just start you r business, and this really helps full employment. In America if you are hustling to be entrepreneurs, just begin to start your own business.
Chinese the household responsibility system. People have to be responsible. The government is more predatory towards responsibility towards their own people.
12)Discuss the comparative approaches to Taiwanese, Thai, Communist ways of promoting welfare. If you’re a good confucian, you’re certainly charitable. The issue is sometimes characterized as a tradeoff between efficiency and equity. What does this mean? From a Western point of view, the government should be really small because the government is relatively inefficient. Sometimes the government should do more than it does because you’re arguing from a point of equity.
This turns out to be a pan-asian viewpoint:
13) Discuss the comparative merit of Thai, Taiwanese, American Approaches to promoting financial stability and preventing crisis?
– Use the uploaded file of Prevention and crisis management.
Use the books Two Asias (in reserve) and Asian Economic Systems (on Sakai)
Tiananan Bomakapan (sp?) – he makes a very persuasive case about the merit of a Buddhist approach to economic organization, and how if you adhere to Buddhist principles this could prevent or mitigate financial crisis.
14) Discuss intrinsic contradiction between Western multi-culture tolerance and Confucian paternalism on the other, Chinese communist authoritarianism?
15) Discuss cost and benefits of Confucian paternalism, Thailand Buddhist, and Communist China?
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