The Changing Morphology of the Asia-Pacific Region

Dilip K. Das
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Dilip K. Das: University of Sydney

Chapter 1 in The Asia-Pacific Economy, 1996, pp 1-47 from Palgrave Macmillan

Abstract: Abstract To medieval Europeans, the Asia-Pacific region was something of a cornucopia and for a long time thereafter it was admired for the exotic aspects of its life and cultures. To the post-war world, it is the land of effervescent economic growth. Its rise can be traced back to the early 1960s when the Japanese economy came into its own. Since then several fundamental and far-reaching economic changes have taken place in the region and a new era of economic expansion has begun: it has outpaced all other regions in terms of economic growth over the last three decades. Throughout the 1960s, Japan’s GNP grew over 10 per cent annually and it successfully exported its way out of all the exogenous economic disturbances of the 1970s. Japan was followed by the ‘four dragons’ whose economic achievements surpassed that of Japan. Other Southeast Asian countries’ and China followed close on the heels of the dragons. One country’s economic growth helped others in the region and it almost became a self-perpetuating economic expansion.

Keywords: Foreign Direct Investment; Export Performance; Macroeconomic Policy; Economic Expansion; Growth Pole (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37555-0_1

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DOI: 10.1057/9780230375550_1

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