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The Japanese Challenge to the American Neoliberal World OrderIdentity, Meaning, and Foreign Policy$
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Yong Wook Lee

Print publication date: 2008

Print ISBN-13: 9780804758123

Published to Stanford Scholarship Online: June 2013

DOI: 10.11126/stanford/9780804758123.001.0001

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Binarization of Economic Development Identities

Binarization of Economic Development Identities

Japan and the East Asian Miracle

Chapter:
(p.108) 5 Binarization of Economic Development Identities
Source:
The Japanese Challenge to the American Neoliberal World Order
Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804758123.003.0005

This chapter examines why Japan proposed to create the Asian Monetary Fund in the middle of the Asian financial crisis in the 1990s while excluding the United States from membership. It analyzes the processes of identity formation to endogenize the structure of identities that later shape Japan's interest in the AMF proposal. The chapter explains that officials of the Japanese Ministry of Finance (MOF) have internalized the binarization of Japan and the United States as two leaders of different models of economic development since the mid-1980s, and that the MOF has institutionally nurtured developmentalism through promotion, internal education, and research and publication.

Keywords:   Japan, Asian Monetary Fund, Asian financial crisis, United States, identity formation, structure of identities, Ministry of Finance, economic development, developmentalism

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