An Enquiry into the Asian Growth Model

Abstract

This preliminary chapter is prefatory and lays down the foundation of this book. It is intended to prepare the readers for an in-depth discussion on the so-called Asian growth model. Interest of students, researchers, public policymakers and decision makers in the world of international business in Asia’s effervescent growth performance and the Asian growth model has been high. There are many unassailable reasons for that. The most important reason is the dynamic economic performance of several Asian economies, including that of the region. A group of Asian economies underwent arguably the most remarkable economic transformation in history. They succeeded in achieving rapid growth with low levels of inequality. The fundamental question is why some economies were able to sustain rapid growth while others languished and remained mired in poverty.