East Asian Financial Systems as a Challenge to Economics: Lessons from Taiwan
传统西方经济学认为金融僵化有害，但台湾等东亚国家的金融体系通过非自由化实践促进了工业化和高储蓄率，对主流经济学构成挑战。
Traditional Western economic theory has long argued that financial rigidity is bad and restricts the free flow of market forces. However, the financial systems of several East Asian nations, particularly Taiwan, demonstrate that their illiberal practices have in fact been a positive factor in their industrialization and their much higher investment and savings rates as compared to traditional economies. The growth and financial success evidenced by the close link between the financial system and industrial policy of these nations has presented a real challenge to mainstream economic theory and practice in Western nations.