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The Four Little Dragons: An Enthusiast's Reading Guide

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  • George Hicks

Abstract

This article surveys literature which attempts to explain the success of east Asia's four little dragons ‐ Korea, Taiwan, Hong Kong and Singapore. The approach is chronological, with the period 1960–88 divided into phases marked by shifts in economic thought. In general, the explanations of economists have lagged years behind events, with predictive exercises usually proving spectacular failures. On the whole, the neo‐classical economists have had the best of the arguments, as they have been able to show that good policies are of crucial importance.

Suggested Citation

  • George Hicks, 1989. "The Four Little Dragons: An Enthusiast's Reading Guide," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 3(2), pages 35-49, September.
    • Handle: RePEc:bla:apacel:v:3:y:1989:i:2:p:35-49
    DOI: 10.1111/j.1467-8411.1989.tb00154.x
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    References listed on IDEAS

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    1. Anne O. Krueger, 1983. "Alternative Trade Strategies and Employment," International Economic Association Series, in: Burton Weisbrod & Helen Hughes (ed.), Human Resources, Employment and Development, chapter 26, pages 387-404, Palgrave Macmillan.
    2. Kojima, Kiyoshi, 1966. "A Pacific Economic Community and Asian Developing Countries," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 7(1), pages 17-37, June.
    3. Edward K. Y. Chen, 1979. "Hyper-growth in Asian Economies," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-04251-7, December.
    4. H. W. Arndt & Ross Garnaut, 1979. "Asean And The Industrialization Of East Asia," Journal of Common Market Studies, Wiley Blackwell, vol. 17(3), pages 191-212, March.
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    2. Robert W. Fogel, 2008. "The Impact of the Asian Miracle on the Theory of Economic Growth," NBER Chapters, in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 311-354, National Bureau of Economic Research, Inc.

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