Chapter

The East Asian Escape from Economic Backwardness: Retrospect and Prospect

Nicholas Crafts

in The Economic Future in Historical Perspective

Published by British Academy

Published in print February 2006 | ISBN: 9780197263471
Published online February 2012 | e-ISBN: 9780191734786 | DOI: http://dx.doi.org/10.5871/bacad/9780197263471.003.0007

Series: British Academy Centenary Monographs

The East Asian Escape from Economic Backwardness: Retrospect and Prospect

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This chapter is concerned with state policies and institutional arrangements that have figured prominently in the recent East Asian ‘economic miracle’, and assesses the significance of the financial crisis that overtook the newly industrializing countries (NICs) at the end of the 1990s. It employs a historical perspective within which to view the rapid transition of the NICs in the final quarter of the twentieth century.

Keywords: East Asian; economic miracle; financial crisis; newly industrializing countries; NICs

Chapter.  7564 words. 

Subjects: Economic History

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