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The governments of Singapore, South Korea and Taiwan also worked to promote specific exporting industries, which were termed as an export push strategy. Ministry of Foreign Affairs, Republic of China. Korean Culture and Information Service. From Wikipedia, the free encyclopedia. Fukuyama argues that patrimonialism - defined as the natural human propensity to favour family and friends - is the bane of the rule of law and accountable government. Archived from the original on 12 July Please help improve it by removing promotional content and inappropriate external links , and by adding encyclopedic content written from a neutral point of view.
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The East Asian miracle revisited

Economy of North Korea. The New York Times. The results further suggest that in the case of Malaysia, financial development does not seem to cause economic growth. List of power stations in Hong Kong. Retrieved 16 February
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Four Asian Tigers

The levels of education enrollment in the Four Asian Tigers were higher than predicted given their level of income. A version of this article first appeared on Project Syndicate. Archived from the original on 24 May All these policies helped these four nations to achieve a growth averaging 7. General Statistics Office, Taiwan. Simply put, in many emerging markets, it is not a lack of understanding of international best practices that holds back economic performance. Sign up for our Newsletter. Almost two decades ago, the World Bank published its landmark study The East Asian Miracle , analysing why East Asian economies grew faster than emerging markets in Latin America, Africa and elsewhere. Archived from the original on 2 February Economy of North Korea.
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Description:The World Transformed to the Present. Demystifying the Chinese Economy. Meanwhile, Taiwan and South Korea began to industrialize in the mids with heavy government involvement including initiatives and policies. Fukuyama argues that patrimonialism - defined as the natural human propensity to favour family and friends - is the bane of the rule of law and accountable government. Hong Kong, and Singapore introduced trade regimes that were neoliberal in nature and encouraged free trade, while South Korea and Taiwan adopted mixed regimes that accommodated their own export industries.

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