Revisiting the East Asian Miracle

Piya Mahtaney

Chapter 17 in India, China and Globalization, 2007, pp 209-230 from Palgrave Macmillan

Abstract: Abstract Goh Keng Swee was one of Singapore’s leading economists, who served in the Ministries of Finance and Defence between 1959 and 1971. Addressing the opening of the International Labour Seminar, held in Singapore in 1965, he said: I will be the last, being by training an economist myself, to deny the importance of economic factors but the process of development and modernization does not begin and end with economic factors alone. It is necessary that we pay regard to them, but it is not sufficient merely to do so.

Keywords: Total Factor Productivity; Capital Accumulation; Industrial Policy; External Financing; Capital Inflow (search for similar items in EconPapers)
Date: 2007
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DOI: 10.1057/9780230591547_19

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