The newly industrializing countries (NICs) of East Asia have
undergone rapid economic expansion over the past twenty vears.
Unlike NICs elsewhere in the Third World, those in the Pacific
basin-South Korea, Taiwan, Singapore, and Hong Kong-have managed to
achieve almost full employment, a relatively egalitarian
distribution of income, and the virtual elimination or poverty. In
this collection of essays, nine development specialists explore the
Asian NICs' exceptional ability to capitalize on the favorable
economic environment of the 1960s and then to adapt flexibly to
worsening conditions in the 1970s and 1980s.
General
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