Read The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report)

The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report)

The World Bank

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Description:BETWEEN 1965 AND 1990, EAST ASIA GREW FASTER THAN ANY OTHER REGION OF THE WORLD. The main source of this achievement was the seemingly miraculous growth in eight economies: Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Singapore, Thailand, and Taiwan, China. These eight high-performing economies are the subject of this book.Why study these economies? One reason is popular interest in what is often called the "Asian Economic Miracle." Another is the recent attention given by the academic and development communities to the connection between rapid growth and public policies - especially the activist policies of Japan, Korea, Singapore, and Taiwan, China. A third reason for focusing on the eight economies is the shared economic characteristics that set them apart from most other developing economies. Most strikingly, they, more than any other economies, have sustained rapid growth with equity.The book argues that most of this growth has been due to superior accumulation of physical and human capital. But it also shows these economies have been better able than most at allocating physical and human resources to highly productive investments and at acquiring and mastering technology. In this sense there is nothing miraculous about the East Asian economies' success; each has performed these essential functions of growth better than most others.The book uses economic models to account for growth, and it puts the explanations for growth into a framework that allows an exploration of the relation between policy and growth. It demonstrates how pragmatic, flexible policies can help achieve macroeconomic stability and rapid growth of manufactured exports; how institutions provide a basis for equitable growth; how highly diverse public policies have guided the eight economics' unusually rapid accumulation of physical and human capital; and how efficient allocation of resources and productivity growth have been achieved.How can success of eight high-performing East Asian economies apply to a changing world economy? Their experience can help policymakers and students alike understand the range of policies that contribute to rapid growth. And it can encourage willingness to experiment and to adapt policies to changing circumstances - a key to economic success.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report). To get started finding The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

Pages: 389

Format: PDF, EPUB & Kindle Edition

Publisher: Oxford University Press

Release: 1993

ISBN: 0195209931

Description: BETWEEN 1965 AND 1990, EAST ASIA GREW FASTER THAN ANY OTHER REGION OF THE WORLD. The main source of this achievement was the seemingly miraculous growth in eight economies: Hong Kong, Indonesia, Japan, the Republic of Korea, Malaysia, Singapore, Thailand, and Taiwan, China. These eight high-performing economies are the subject of this book.Why study these economies? One reason is popular interest in what is often called the "Asian Economic Miracle." Another is the recent attention given by the academic and development communities to the connection between rapid growth and public policies - especially the activist policies of Japan, Korea, Singapore, and Taiwan, China. A third reason for focusing on the eight economies is the shared economic characteristics that set them apart from most other developing economies. Most strikingly, they, more than any other economies, have sustained rapid growth with equity.The book argues that most of this growth has been due to superior accumulation of physical and human capital. But it also shows these economies have been better able than most at allocating physical and human resources to highly productive investments and at acquiring and mastering technology. In this sense there is nothing miraculous about the East Asian economies' success; each has performed these essential functions of growth better than most others.The book uses economic models to account for growth, and it puts the explanations for growth into a framework that allows an exploration of the relation between policy and growth. It demonstrates how pragmatic, flexible policies can help achieve macroeconomic stability and rapid growth of manufactured exports; how institutions provide a basis for equitable growth; how highly diverse public policies have guided the eight economics' unusually rapid accumulation of physical and human capital; and how efficient allocation of resources and productivity growth have been achieved.How can success of eight high-performing East Asian economies apply to a changing world economy? Their experience can help policymakers and students alike understand the range of policies that contribute to rapid growth. And it can encourage willingness to experiment and to adapt policies to changing circumstances - a key to economic success.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report). To get started finding The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report)

The East Asian Miracle: Economic Growth and Public Policy (A World Bank Policy Research Report)

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