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Initial conditions and miraculous growth : Why is South East Asia diff€erent From Taiwan and South Korea?

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  • Initial conditions and miraculous growth
  • Booth, Anne
  • Elsevier Ltd.


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Title Initial conditions and miraculous growth
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Sub Title

Why is South East Asia diff€erent From Taiwan and South Korea?

Material Type Articles
Author(English)

Booth, Anne

Publisher

[London]:Elsevier Ltd.

Date 1999
Journal Title; Vol./Issue World Development:vol. 27(no. 2)
Pages 21
Subject Country South-Eastern Asia(Asia and Pacific)
South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Subject Economy
Economy < Economic Administration
Holding Thammasat University

Abstract

The paper argues that the economies of East and South East Asia are a very diverse group, only some of which have grown rapidly over the past three decades. The fast-growing economies of South East Asia, especially Indonesia, Thailand and Malaysia are in a number of important respects different from the fast-growing economies of North East Asia, Japan, Taiwan and South Korea. The different colonial legacies have had important consequences for educational progress and the distribution of income and wealth. Government intervention has tended to be less growth-promoting and more oriented to goals such as inter-ethnic redistribution of wealth. The implications of these differences for future economic growth in South East Asia are discussed.