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The Economic Future in Historical Perspective$
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Paul A. David and Mark Thomas

Print publication date: 2006

Print ISBN-13: 9780197263471

Published to British Academy Scholarship Online: January 2012

DOI: 10.5871/bacad/9780197263471.001.0001

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The East Asian Escape from Economic Backwardness: Retrospect and Prospect

The East Asian Escape from Economic Backwardness: Retrospect and Prospect

Chapter:
(p.209) 6. The East Asian Escape from Economic Backwardness: Retrospect and Prospect
Source:
The Economic Future in Historical Perspective
Author(s):

Nicholas Crafts

Publisher:
British Academy
DOI:10.5871/bacad/9780197263471.003.0007

This chapter is concerned with state policies and institutional arrangements that have figured prominently in the recent East Asian ‘economic miracle’, and assesses the significance of the financial crisis that overtook the newly industrializing countries (NICs) at the end of the 1990s. It employs a historical perspective within which to view the rapid transition of the NICs in the final quarter of the twentieth century.

Keywords:   East Asian, economic miracle, financial crisis, newly industrializing countries, NICs

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