Growth Theories in Light of the East Asian Experience

Growth Theories in Light of the East Asian Experience

by Takatoshi Ito
     
 

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The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia.

The theory explored in this volume attributes the phenomenal economic success of these countries to, among other

Overview

The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia.

The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation—a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail. This collection also examines the extent to which growth in each country became self-sustaining once it began.

Demonstrating the relevance of endogenous growth theory for studying this important region, this fourth volume in the NBER-East Asia Seminar on Economics series will be of interest to observers of East Asian affairs.

Editorial Reviews

Booknews
In edited versions of papers presented at the National Bureau of Economic Research-East Asia Seminar in Economics Fourth Annual Conference, held in San Francisco, June, 1993, contributors analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia. For economists and for those interested in East Asian affairs. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9780226386980
Publisher:
University of Chicago Press
Publication date:
12/01/2007
Series:
National Bureau of Economic Research East Asia Seminar on Economics , #4
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
322
File size:
5 MB

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