Trade - The Engine of Growth in East Asia

The four Pacific Basin countries of Taiwan, South Korea, Hong Kong, and Singapore, have each defied the vicious circle of poverty in the post-war years, emerging as dynamic and rapidly growing economies. This book provides a comprehensive analysis of the economic factors that led to the `miracle'. The authors combine a wide-ranging empirical body of data with a broad theoretical approach to its analysis. They reach conclusions that can serve as a guide to likely future developments. The book makes an original contribution by describing international trade data that relates to the evaluation of the extraordinary success of these four countries.