Logo
Munich Personal RePEc Archive

Savings, investment and the corporation in the East Asian miracle

Singh, Ajit (1997): Savings, investment and the corporation in the East Asian miracle. Published in: Book Chapter in Y.Akyuz and R.Kozul-Wright (eds.), East Asian Development, London: Frank Cass (1999): pp. 1-44.

[thumbnail of MPRA_paper_54994.pdf]
Preview
PDF
MPRA_paper_54994.pdf

Download (231kB) | Preview

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?

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.