Growth theories in light of the East Asian experience
by NBER-East Asia Seminar on Economics (4th...
The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia.
The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation - a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail.
This collection also makes significant contributions to recent work examining the extent to which growth in each country became self-sustaining once it began. This fourth volume in the NBER-East Asia Seminar on Economics series demonstrates the relevance of endogenous growth theory for studying this important region and will be invaluable for economists and for those interested in East Asian affairs.
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Growth theories in light of the East Asian experience
1995, University of Chicago Press
in English
0226386708 9780226386706
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Edition Notes
Includes bibliographical references and indexes.
Edited versions of papers presented and discussed at the NBER-East Asia Seminar on Economics fourth annual conference, held June 17-19, 1993 in San Francisco.
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