The phenomenal success of the East Asian Newly Industrializing
Economies (NIEs) of Korea, Taiwan, Hong Kong, and Singapore is now
well-known and documented. Their success has been discussed to such
an extent that it has become entrenched as part of the folklore of
development economics.
The Newly Industrializing Economies of East Asia takes a fresh
look at the relevant literature and sifts the rhetoric from the
reality. In the course of surveying the vast range of writing two
competing paradigms become clear: the neo-classical approach which
interprets the East Asian economic miracle as the predictable
outcome of good' policies; and the statist perspective which draws
attention to the central role of the government in guiding East
Asian economic development. Throughout the book the authors mix
country-specific experiences with broader trends.
General
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