Savings, investment and the corporation in the East Asian miracle

Ajit Singh

MPRA Paper from University Library of Munich, Germany

Abstract: Abstract The East Asian countries have achieved a spectacular average rate of economic growth over the last 30 to 40 years, with very substantial diversification and economic development. Korea, for example, managed to transform itself from being a largely agricultural society in 1960 to the point where it became the third country after the US and Japan to export 256 K memory chips, developed by its own firms. It is no exaggeration to say that the post-WWII development of East Asia (including Japan)is the most successful story of sustained economic growth in the history of mankind. How does one account for this extraordinary economic success?

Keywords: East Asia; fast growth; industrialisation; post-WWII (search for similar items in EconPapers)
JEL-codes: G2 G3 O1 (search for similar items in EconPapers)
Date: 1997-09-09
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Published in Book Chapter in Y.Akyuz and R.Kozul-Wright (eds.), East Asian Development, London: Frank Cass (1999): pp. 1-44

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Related works:
Journal Article: Savings, investment and the corporation in the East Asian miracle (1998)
Working Paper: Savings, investment and the corporation in the East Asian miracle (1997)
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