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Understanding Economic Growth pp 51–67Cite as

Asian Miracles

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Abstract

High and sustained economic growth of eight Asian economies such as Japan, Hong Kong, South Korea, Singapore, Taiwan, Indonesia, Malaysia, and Thailand during the period of 1965–1990 is characterized as a growth miracle by the World Bank Report (1993). The above mentioned eight high-performing Asian economies (HPAEs) had experienced rapid and sustained growth over the period of 1960–1990 and thereafter, and their experience is unique in combining rapid growth with highly equal income distribution.

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Authors and Affiliations

  1. Department of Economics, University of California, 93106-9210, Santa Barbara, CA, USA

    Jati Sengupta

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  1. Jati Sengupta
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Correspondence to Jati Sengupta .

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Sengupta, J. (2011). Asian Miracles. In: Understanding Economic Growth. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-8026-7_6

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