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Before the crisis, the most notable economic achievement of East Asia was rapid growth. This chapter analyzes the development experiences of East Asian economies, which share a number of structural characteristics. Different growth models are then explored to understand the Asian miracle of economic growth and development, including the relevance of so-called Asian values.
Keywords: Japanese model; Asian values; rapid growth; structural transformation; China; development model
Chapter. 4081 words.
Subjects: Business and Management
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