What Went On In East Asia: From Miracle to Meltdown
Traditional View of of Growth Process
Economic Growth and Development
The Basic Model of Economic Growth
Total Factor Productivity
The Virtuous Circles of Economic Growth
Development Strategies
Import Substitution
Export Orientation
East Asia and the Asian Miracle
Output Growth in East Asian Countries, 1990 - 1997
East Asia: The Miracle
“Asian Dynamism”
Successive Stages of Comparative Advantage in East-Asian Trade Structure
The S-Curve of East Asian Growth GDP 000$ per capita 20 - Ko Si Hk Ja Tai 10 - Ma 5 - Th Ch Ph 210 20 30 Years from Start 40 50 US
The Development Ladder--Stages Primary Products Abundant cheap land labor Labor Intensive Manufactures Low Cost Labor Hi Tech Manufactures Capital Intensive, Technically Sophisticated Products Services (high level) Domestic and International Services
Stage 1 Stage 2 Stage 3 Stage 4
Paul Krugman’s Classic Article on Asia
We Cannot Forget the Importance of Demographic Transition
The Role of Policy
Human Capital and Social Capital
Was East Asian Growth Miraculous?
Was Government Policy Responsible for the East Asian Miracle?
Was Government Policy Responsible for the East Asian Miracle?
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