S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.07(2) (Summer 1994)
Sources of Growth and the Role of Government in the Development of the East Asian Economies
- Lee, ChungHoon; Togashi, Janis Y.
- Issue Date
- Seoul Journal of Economics, Vol.7 No.2, pp. 237-248
- In the past twenty to thirty years, only a few of the more than 140 developing countries in the world have achieved the status of being a newly industrializing economy (NIE). The growth and industrialization of the East Asian NIEs-in particular, Hong Kong, South Korea (henceforth Korea), Taiwan, and Singapore-during this period, as well as the rise of Japan following World War II which attained developed-country status and went on to become an economic superpower in the 1980s and 1990s have been, by all standards, spectacular. In contrast, the developing economies of Latin America-some of which were at a higher stage of development than the East Asian NIEs at the turn of the century (Argentina is one example of this)-and Africa have not witnessed as impressive performances.