1945

Rapid growth, rising living standards and increased international competitiveness in the economies of East Asia have caught the attention of policymakers and researchers in other developing regions, as well as in the developed world. A broad debate has consequently opened up on the lessons that can be drawn for meeting the wider challenges of economic development. The region’s performance relative to other regions can no longer be regarded as a passing phenomenon. But how such high and sustained rates of growth have been achieved among a large group of economies is still the subject of debate.

Related Subject(s): International Trade and Finance
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