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Europe and Asia: An Assessment of 20 More Years of Growth

In: Global Trade and European Workers

Author

Listed:
  • Dominique Mensbrugghe

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.

Suggested Citation

  • Dominique Mensbrugghe, 1999. "Europe and Asia: An Assessment of 20 More Years of Growth," Palgrave Macmillan Books, in: Paul Brenton & Jacques Pelkmans (ed.), Global Trade and European Workers, chapter 8, pages 167-198, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-27035-4_8
    DOI: 10.1007/978-1-349-27035-4_8
    as

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