chapter  2
East Asia’s economic development and new industrial cluster
ByHITOSHI HIRAKAWA
Pages 35

Introduction For more than the last half century, East Asia has enjoyed high economic growth, and has now come to be expected by the world to be its engine of growth. The national economies in East Asia, since the second half of the twentieth century, have rapidly shifted from the traditional economies that relied on primary industries to economies that are driven by secondary industries, particularly manufacturing, and are transforming to become the “market of the world” as well as the manufacturing goods export base “factory of the world.”