The east asian miracle economic growth and public policy

HPAEs targeted key industries for rapid development. Looking at agricultural productivity, it is interesting to compare the rate of foreign and domestic investments in this sector since the s. Google Buzz Stumble Upon Delicious. Basic education, health and nutrition, and family planning services were not only provided because they are crucial for promoting inclusiveness, are also a means to increase labour productivity. A World Bank policy research report. The population of sub-Saharan Africa is expected to grow by more than percent between and

Making Shared Growth Credible

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This required them to persuade the business community that their investments would not be expropriated and to convince the broader population that their short-term sacrifices would be rewarded in the future. All the countries in the sample remain below 2. Bibliography Illustrated still image text. Does empirical data confirm such a claim? Nevertheless, South East Asian countries are undergoing a rapid demographic transition, which is not yet the case with many African countries. Having secured a foothold in labour-intensive manufacturing, the economies increasingly began expanding into skills- and technology-intensive manufacturing such as metal products, automotive and telecommunications to sustain their economic and income growth. HPAEs stabilized their economies with sound development policies that led to fast growth.

The East Asian miracle : economic growth and public policy : Summary (English) | The World Bank

Subscribe for instant access to all articles since Contents - Previous document - Next document. This article is also available for rental through DeepDyve. Don't already have an Oxford Academic account? Google Buzz Stumble Upon Delicious. As the global economic environment changed, questions have been raised about the efficacy of the East and South East Asian model for developing countries.
As shown by data on cereal yield and fertilizer consumption per hectare, South East Asian countries have made greater progress than sub-Saharan countries in modernizing their agricultural sector, thereby substantially increasing productivity per hectare. The second factor relates to credible and capable economic governance to ensure effective implementation of policies. Our data challenges the widespread assumption that South East Asian economies tend to be systematically more integrated in the world economy and more outward-oriented. Toggle navigation Menu. They also obtained popular support through a variety of wealth-sharing measures such as land reform, worker cooperatives, and wider access to education. Details Author Birdsall, Nancy M.
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