World bank the east asian miracle

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This paper discusses Rethinking the East Asian Miracle, a collection of 13 essays on a wide spectrum of issues, ranging from the causes of the East Asian crisis and possibilities of recovery to the strengths and weaknesses in the technical, financial and governance structures of the East Asian economies. Naseem, S. Please share your general feedback.

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The report examines the public policies of 8 high-performing Asian economies HPAEs from to It seeks to uncover the role those policies played in the dramatic economic growth, improved human welfare, and more equitable income distribution It seeks to uncover the role those policies played in the dramatic economic growth, improved human welfare, and more equitable income distribution in Hong Kong, Indonesia, Japan, Malaysia, the Republic of Korea, Singapore, Taiwan Chinaand Thailand.

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The Four Asian TigersFour Asian Dragons or Four Little Dragonsin Chinese and Koreanonly the "dragon" terms are usedare the economies of Hong KongSingaporeSouth Korea and Taiwanwhich underwent rapid industrialization and maintained exceptionally high growth rates in excess of 7 percent a year between the early s mids for Hong Kong and s. By the early 21st century, all four had developed into high-income economies developed countriesspecializing in areas of competitive advantage. Hong Kong and Singapore have become world-leading international financial centreswhereas South Korea and Taiwan are world leaders in manufacturing electronic components and devices.

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Can the East Asian Miracle Persist? It is a great pleasure for me to be back in Princeton again. As mentioned in the introduction, I spent two formative periods of my life in Princeton, first as an MPA student in the late s, and more recently as a visiting professor in the Woodrow Wilson School. One of the most respected Princeton alumni Adlai E.

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Forgot password? Don't have an account? This chapter discusses the relevant parts of the contributions included in this volume.

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Joseph E. And can other developing countries replicate those policies to stimulate equally rapid growth? This article, based on case studies, econometric data, and economic theory, offers a list of the ingredients that contributed to that success.

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Initially, the intention of this book's work was to take a fresh look at East Asia's regional experience during the s and to expand and revise the findings of the World Bank's "East Asian Miracle", published in However, while work began in However, while work began inwhen the East Asian crisis was only a small, localized cloud over Thailand, the seriousness of the crisis demonstrated the need to bring together a number of different perspectives on key aspects of the East Asian model, and its several country variants.

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To say that its findings were controversial would be an understatement. It was the target of wide-ranging academic comment and sometimes-virulent criticism. Unable to display preview. Download preview PDF.

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The report examines the public policies of 8 high-performing Asian economies HPAEs from to It seeks to uncover the role those policies played in the dramatic economic growth, improved human welfare, and more equitable income distribution It seeks to uncover the role those policies played in the dramatic economic growth, improved human welfare, and more equitable income distribution in Hong Kong, Indonesia, Japan, Malaysia, the Republic of Korea, Singapore, Taiwan Chinaand Thailand.

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Several writers have argued that the Bank has a relatively large amount of autonomy—from the state interests of its overseers, and that its staff have some autonomy from the senior management. It manages to discuss autonomy without conveying anything of the political and economic substance of the field of forces in which the Bank operates. The episode involves a Japanese challenge to the World Bank and its core ideas about the role of the state in the strategy for economic development. Over the s Japan poured aid and investment into East and Southeast Asia, using its strong domestic capacity to strengthen its external reach.

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