The east asian miracle world bank

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This series appears on an occasional basis. In recent years, the increasingly prosperous East Asian economies of Japan, Hong Kong, Singapore, Korea, and Taiwan have been hailed as models of achievement for other emerging economies. These interventionist aspects of trade policy in East Asia have had great appeal to a number of more recently emerging economies. Can this approach be replicated by other countries, particularly in the current international environment? This Letter discusses the reasons that greater openness can be conducive to growth and the benefits and costs of interventionist government policies in East Asian economies.
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East Asian Miracle Myth Making | Inter Press Service

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 China , and Thailand. HPAEs stabilized their economies with sound development policies that led to fast growth. They were committed to sharing the new prosperity by making income distribution more equitable. Their public policies promoted rapid capital accumulation by making banks more reliable and encouraging high levels of domestic savings. They increased the skilled labor force by providing universal primary schooling and better primary and secondary education.
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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 China , and Thailand. HPAEs stabilized their economies with sound development policies that led to fast growth.
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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. Stevenson once remarked, "I find honorary degrees always tempting, and often bad for me: tempting because we all—even ex politicians—hope to be mistaken for scholars, and bad because if you then make a speech, the mistake is exposed.

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