ABSTRACT

This chapter, which is in three parts, reviews economic growth, its causes and consequences in the Asia-Pacific countries. The first part (Sections 3.2–3.7) is concerned with the question of fast economic growth in a group of East Asian developing countries. It reviews the extraordinary economic progress of these nations during the last three or four decades and examines alternative explanations for this phenomenon. This analysis is based on my previously published papers (Singh, 1994, 1995a, and 1997b) to which the reader is referred for a further discussion of the issues and for the sources of the data presented.