The four Pacific Basin countries of Taiwan, South Korea, Hong Kong, and Singapore, have each defied the vicious circle of poverty in the post-war years, emerging as dynamic and rapidly growing economies. This book provides a comprehensive analysis of the economic factors that led to the `miracle'. The authors combine a wide-ranging empirical body of data with a broad theoretical approach to its analysis. They reach conclusions that can serve as a guide to likely future developments. The book makes an original contribution by describing international trade data that relates to the evaluation of the extraordinary success of these four countries.
Readership: Development economists; scholars of development studies.
Peter C. Y. Chow, Associate Professor of Economics, and Mitchell H. Kellman, Professor of Economics, both at City College of New York
"The authors provide a detailed study of the manufacturers' export structure and its change during the period 1965-1990 for the four Asian NICs." - Kyklos
