Question

east Asia development policy​

Answer 1

Answer:

Twenty years ago the World Bank, at the urging of the government of Japan, published its first attempt to understand the policy origins of East Asia’s extraordinary economic success. The East Asian Miracle: Economic Growth and Public Policy was a study of the sources of growth and the role of public policy in the Four Asian Tigers—Hong Kong, Korea, Singapore, and Taiwan—and three then-emerging economies—Indonesia, Malaysia, and Thailand (World Bank 1993). The book’s authors dubbed these seven countries the “high-performing Asian economies” (HPAEs).1 The Miracle became the largest selling single title ever published by the World Bank. To say that its findings were controversial would be an understatement. It was the target of wide-ranging academic comment and sometimes-virulent criticism.2