By continuing to use our website, you are agreeing to our use of cookies. Growth in educational capital and economic growth, east asia. The success ofmany of the economies in east asia in achieving rapid and equitable growth, often in the context of activist public policies, raises. Some lessons from the east asian miracle the world. What policies and other factor we use cookies to enhance your experience on our website. The east asian miracle at the millennium 1 the east asian miracle at the millennium shahid yusuf t he 1990s were interesting times for east asia in the literal sense of the term and in the more ominous sense conveyed by the famous chinese saying. The unusual nature of the hpaes rapid per capita income growth is strikingly evident in figure 2. Why isnt the whole world experimenting with the east. Initially, the intention of this books work was to take a fresh look at east asia s regional experience during the 1990s and to expand and revise the findings of the world banks east asian miracle, published in 1993. Lessons from the east asian miracle experience econstor. Pdf industrial policy and east asia the miracle, the.
Some lessons from the east asian miracle english the. Education and development knowledge capital, growth, and. Rethinking the east asian miracle english abstract. It seeks to uncover the role those policies played in the dramatic economic growth, improved human welfare, and more equitable income distribution. The report examines the public policies of 8 highperforming asian economies hpaes from 1965 to 1990. Between the early 1960s and 1990s, they underwent rapid industrialization and maintained exceptionally high growth rates of more than 7 percent a year. A vast literature has assessed causes of the east asian miracle see, for example, world. And can other developing countries replicate those policies to stimulate. T he remarkable success of the economies of east asia raises the question. Reportedly at least 500,000 indonesians were killed during suhartos anticommunist blood bath, while western countries not only remained silent but also financially. This pdf is a selection from an outofprint volume from. Economic growth and public policy, on which this essay draws.
Initially, the intention of this books work was to take a fresh look at east asias regional experience during the 1990s and to expand and revise the findings of the world banks east asian miracle, published in 1993. The rapid economic growth of eight east asian economies, often called the east asian miracle, raises two questions. Rethinking the east asian miracle english the world bank. In most of the eight economies that are part of the east asian miracle hong kong, indonesia, japan, the republic of korea, malaysia, singapore, taiwan china, and. This pdf is a selection from an outofprint volume from the national. Pdf the highperforming asian economies hpaes have been unusually successful compared to large parts of asia including india, africa and latin. Economic growth and public policy, on which this essay draws extensively. Max corden, changshik kim, howard pack, richard sabot, joseph e. It attr butes the east asian miracle to macroeconomic basics high saving and. Pdf confucianism and the east asian miracle researchgate. Bank 1993, rodrik 1994, leipziger 1997, stiglitz and yusuf 2001, quibria. The report examines the public policies of 8 highperforming asian. What policies and other factors contributed to that growth.