Lessons from the East Asian Development Model - asian model of development

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asian model of development


The East Asian model is an economic system where the government invests in certain sectors of the economy in order to stimulate the growth of new (or specific) .

Bruce Currie-Alder, Ravi Kanbur, David M. Malone, and Rohinton Medhora. The idea of an Asian model for development grew with the rise of the “tiger” economies of Hong Kong, Singapore, South Korea, and Taiwan, dubbed “the East Asian Miracle” by the World Bank. With many Asian.

The idea of an Asian model for development grew with the rise of the “tiger” economies of. Hong Kong, Singapore, South Korea, and Taiwan, dubbed “the East.

In fact, contrary to the prescriptions of free market economists, the East Asian model suggests that, especially in the early days of development.

This paper examines the debate on the East Asian model of economic development in light of the different approaches undertaken by different groups of .