By Helen Hughes
This ebook examines the industrial luck of the newly industrializing and near-industrializing economies of East Asia. the prestigious workforce of authors covers various subject matters in a comparative point of view, and identifies classes of shock to fiscal, political, and social questions in the course of the constructing international. individuals: James Riedel, Hollis Chenery, Seiji Naya, Thomas G. Parry, Robert Wade, Arnold C. Harberger, Deepak Lal, Ryokichi Hirono, Stephen Haggard, J.A.C. Mackie, William J. O'Malley.
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Extra resources for Achieving Industrialization in East Asia
The percentage reduction in the shortfall from the maximum attainable levels seems to be the best approach (so argues Sen 1981:272). 9 suggests that quality of life in the East Asian countries has improved significantly in the past two decades and, except in Thailand and Indonesia, proportionally more than in other developing countries on average. Life expectancy is particularly low in Indonesia, and while primary enrolment is high in Indonesia and Thailand, their achievements in secondary education have not matched their growth record.
I) Natural resources There was a time when being well-endowed with natural resources was considered a distinct advantage. That was before the mineralpoor, land-scarce East Asian NICs outperformed everyone, including the oil-exporting countries. Conventional wisdom was then turned on its head - lucky is the country that has no mining sector and few farmers. The exceptional performance of the extremely well-endowed countries of Southeast Asia might be expected to change once again the fashion of thinking on this point.
There are also notable examples of the same proposition in reverse - that is, where sensible restructuring of relative incentives has been overwhelmed by excessive fiscal expansion and exchange rate overvaluation. (iv) The net effect of government There is no escaping the fact that governments have been deeply involved in the economies of all of the East Asian countries. In Hong Kong, at least until recently, government has confined itself largely to minimal functions. Elsewhere involvement has been far more extensive.
Achieving Industrialization in East Asia by Helen Hughes