Establishment of“the New East Asian Model”and Asian Standard

Abstract

Japan established the government oriented market economy mechanism in a postwar period.This experience had been applied to the other East Asian countries successfully. So it is popularly called the East Asian Model.However, it has not been applicable since last decade of 19th century, owing to the development of globalization.Liberalization of foreign trade and investment has become the main stream in the world economy now.
Liberalization and globalization are gainful to strong countries, but accelerate the gap between wealthy and poor nations. In the 21st century, we must resolve the poverty and ecology problem.As the first step, I propose the establishment of “the international cooperation oriented market economy mechanism” and the Asian standard in East Asia.After a success of this mechanism, it may become a global standard in the latter half of this century or the next century.