An East Asian Model of Economic Development: Japan, Taiwan, and South Korea

@article{Kuznets1988AnEA,
  title={An East Asian Model of Economic Development: Japan, Taiwan, and South Korea},
  author={P. Kuznets},
  journal={Economic Development and Cultural Change},
  year={1988},
  volume={36},
  pages={S11 - S43}
}
  • P. Kuznets
  • Published 1988
  • Economics
  • Economic Development and Cultural Change
The East Asian model of economic development focuses on 5 shared characteristics that seem significant in the contemporary economic development of Japan Taiwan and Korea. They are economic characteristics and include 1) high investment ratios 2) small public sectors 3) competitive labor markets 4) export expansion and 5) government intervention in the economy. Large and efficient investments in human capital and well-developed capacities to absorb new technology are 2 other economic features… Expand
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