The maturation of the East Asian miracle. (East Asian economies)(Asia Adapts to Global Change)(Cover Story)

From: Finance & Development | Date: September 1, 1997| Author: | Copyright information

The sustainability of East Asia's economic miracle is being questioned given the strains arising from the tension between the rapid growth rate and considerable institutional and structural constraints. Furthermore, there is growing concern about the quality of economic development in the region in view of its congested and polluted cities, exploited forests, and income inequality. However, East Asia retains many advantages, including high saving and investment rates, intense intraregional and intercity competition, vibrant entrepreneurial classes, and a long-standing commitment to ...

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