Human Capital Formation and Patterns of Growth with Multiple Equilibria

Kazuo Mino

Chapter 3 in Human Capital, Trade and Public Policy in Rapidly Growing Economies, 2004, pp 42-64 from Edward Elgar Publishing

Abstract: Human Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement. In particular, the book focuses on the forces underlying long-lasting growth in East Asia’s Newly Industrialized Countries (NICs). Drawing from the experiences of Hong Kong, South Korea, Singapore and Taiwan, it questions whether public policy can contribute to removing barriers towards accumulation of wealth, and if so, what development policy should be put in place to remedy the existing distortions or market failure problems.

Keywords: Asian Studies; Development Studies; Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2004
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Working Paper: Human Capital Formation and Patterns of Growth with Multiple Equilibria (2003)
Working Paper: Human Capital Formation and Patterns of Growth with Multiple Equilibria (2003)
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