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.

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?

• Item Type: MPRA Paper
• Language: English
• Keywords: East Asia, fast growth, industrialisation, post-WWII
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services; G - Financial Economics > G3 - Corporate Finance and Governance; O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development

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