The Asian miracle?

.

Chapter 22 in A History of the Global Economy, 2018, pp 394-413 from Edward Elgar Publishing

Abstract: This chapter returns to the topic of miraculous transformations. Is the recent economic rise of East, and later South, Asia a miracle? The answer is no, since many of the enabling conditions existing in Europe are replicated in Asia. The chapter begins with the Great Divergence created by the success of the pioneers of industrialisation. It goes on to list and examine the surprising resemblances between the Asian and European experiences. It stresses that there is a parallel evolution, despite the significant differences of policy which revolve around a raised participation of government in trying to accelerate the process of industrialisation. It outlines the pattern of economic development in Japan, the four little tigers, China and India, and reviews the notion of an Asian model of economic development. The chapter concludes with an extended comment about the resources curse and the indifferent performance of western and northern Asia.

Keywords: Development Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/view/9781788971973.00033.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18481_22

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().