Savings, investment and the corporation in the East Asian miracle
Abstract The East Asian countries have achieved a spectacular average rate of economic growth over the last 30 to 40 years, with very substantial diversification and economic development. Korea, for example, managed to transform itself from being a largely agricultural society in 1960 to the point where it became the third country after the US and Japan to export 256 K memory chips, developed by its own firms. It is no exaggeration to say that the post-WWII development of East Asia (including Japan)is the most successful story of sustained economic growth in the history of mankind. How does one account for this extraordinary economic success?
|Date of creation:||09 Sep 1997|
|Date of revision:|
|Publication status:||Published in Book Chapter in Y.Akyuz and R.Kozul-Wright (eds.), East Asian Development, London: Frank Cass (1999): pp. 1-44|
|Contact details of provider:|| Postal: Ludwigstraße 33, D-80539 Munich, Germany|
Web page: https://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jacobson, Robert & Aaker, David, 1993. "Myopic management behavior with efficient, but imperfect, financial markets : A comparison of information asymmetries in the U.S. and Japan," Journal of Accounting and Economics, Elsevier, vol. 16(4), pages 383-405, October.
- Kenneth A. Froot & Andre F. Perold & Jeremy C. Stein, 1991.
"Shareholder Trading Practices and Corporate Investment Horizons,"
NBER Working Papers
3638, National Bureau of Economic Research, Inc.
- Kenneth A. Froot & Andre F. Perold & Jeremy C. Stein, 1992. "Shareholder Trading Practices And Corporate Investment Horizons," Journal of Applied Corporate Finance, Morgan Stanley, vol. 5(2), pages 42-58.
- Honohan, Patrick & Atiyas, Izak, 1993.
"Intersectoral Financial Flows in Developing Countries,"
Royal Economic Society, vol. 103(418), pages 666-79, May.
- Honohan, Patrick & Atiyas, Izak, 1989. "Intersectoral financial flows in developing countries," Policy Research Working Paper Series 164, The World Bank.
- Kenji Kojima, 1994.
"An International Perspective on Japanese Corporate Finance,"
Discussion Paper Series
45, Research Institute for Economics & Business Administration, Kobe University.
- Kenji Kojima, 1994. "An International Perspective on Japanese Corporate Finance," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, vol. 39, pages 11-59.
- Franklin Allen & Douglas Gale, 1994.
"A welfare comparison of intermediaries and financial markets in Germany and the U.S,"
95-3, Federal Reserve Bank of Philadelphia.
- Allen, Franklin & Gale, Douglas, 1995. "A welfare comparison of intermediaries and financial markets in Germany and the US," European Economic Review, Elsevier, vol. 39(2), pages 179-209, February.
- Aoki, Masahiko, 1990.
"Toward an Economic Model of the Japanese Firm,"
Journal of Economic Literature,
American Economic Association, vol. 28(1), pages 1-27, March.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:54994. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)
If references are entirely missing, you can add them using this form.