ABSTRACT
The previous chapter documents an impressive record of high and sustained economic growth in East Asia.1 Between 1965 and 1999, real gross domestic product (GDP) per capita in these East Asian economies has grown (on average) at an annual rate of 3.4 per cent or higher. This is more than double the world growth rate of real GDP per capita (see Table 2.1). The East Asian economies also outperformed the industrial economies during the post-war period.
