Abstract
Many countries in Asia have seen remarkable growth in the last 25 years, starting with Japan in the 1950s and 1960s, followed by the first wave of Asian tigers — South Korea, Chinese Taipei, Hong Kong and Singapore — and then the second wave — Thailand, Malaysia, the Philippines and Indonesia. Perhaps more stunningly has been the evolution and success of China which has transformed its economy from almost virtual autarky and a highly regulated economy to an increasingly open and very dynamic economy. The success of the so-called ‘Asian model’ is catching on in the rest of Asia — notably in India and Bangladesh — accompanied by the introduction of outward-looking policies, deregulation, privatisation and financial market reforms.
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© 1999 Palgrave Macmillan, a division of Macmillan Publishers Limited
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van der Mensbrugghe, D. (1999). Europe and Asia: An Assessment of 20 More Years of Growth. In: Brenton, P., Pelkmans, J. (eds) Global Trade and European Workers. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27035-4_8
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DOI: https://doi.org/10.1007/978-1-349-27035-4_8
Publisher Name: Palgrave Macmillan, London
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