![]() ![]() ![]() The western part of Asia grew during this period at about the same rate as the rest of the world, but, as a whole, the eastern half (ten countries: China, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan Province of China, and Thailand) turned in a superior performance, although variations in achievement can be observed here too. Of course, this growth has not occurred at the same pace all over the continent. ![]() Since 1960 Asia, the largest and most populous of the continents, has become richer faster than any other region of the world. The exercise has value because finding the right explanation might suggest how to replicate this success elsewhere and, as a bonus, might also satisfy the reader's urge to solve an engaging intellectual puzzle. Rather than swelling the torrent of interpretations, this paper sets for itself the modest agenda of reviewing the weightiest arguments in the literature that attempt to identify the reasons for the extraordinary economic growth in East Asia and trying to decide which arguments make sense. Confusion is compounded when he discovers that ideological debate has multiplied even further the analyses of this phenomenon. Articles on why the most successful economies of the region Hong Kong, Korea, Singapore, and Taiwan Province of China have grown, to say the least, robustly invariably refer to the phenomenon as "miraculous." When practitioners of the Dismal Science have recourse to a Higher Power, the reader knows that he is in trouble. The spectacular growth of many economies in East Asia over the past 30 years has amazed the economics profession and has evoked a torrent of books and articles attempting to explain the phenomenon. Readers interested in the original Working Paper may purchase a copy from IMF Publication Services. Driscoll of the Fund's External Relations Department. ![]() The following paper draws on material originally contained in IMF Working Paper 95/98, "Growth in East Asia: What We Can and What We Cannot Infer From It," by Michael Sarel, an Economist in the Fund's Southeast Asia and Pacific Department. This material is refined for the general readership by editing and partial redrafting. The raw material of the series is drawn mainly from IMF Working Papers, technical papers produced by Fund staff members and visiting scholars, as well as from policy-related research papers. Its aim is to make accessible to a broad readership of nonspecialists some of the economic research being produced in the International Monetary Fund on topical issues. The Economic Issues series was inaugurated in September 1996. Use the free Adobe Acrobat Reader to view pdf files. September 1996 PDF File (230k) also available. Special Issue Call for Papers - The Roles of Information Systems in an Uncertain World: An ASEAN’s Perspective - Submission closed.Michael Sarel ©1997 International Monetary Fund.We hope you find the new Facebook page useful. We are delighted to officially announce the launch of our new Facebook page. We are very much looking forward to seeking out the highest quality and most influential research. The ceaseless efforts by the Association for Information Systems, the Founding Editors-in-Chief and Editorial Board Members have brought steady growth in journal visibility and quality. PAJAIS has been indexed by Scopus, EBSCO, ProQuest and DBLP databases. PAJAIS has been selected to the Emerging Sources Citation Index (ESCI) issued by Thomson Reuters Corporation it has also been included in the Journal Quality List by Australia Business Dean’s Council (ABDC) as a B journal and Academic Journal Guide by Chartered Association for Business Schools (CABS) of UK as a level 2 journal. To submit an article for consideration, please use our online review ScholarOne system. PAJAIS invites submissions of original research articles and research perspectives in the Pacific Asia region. It is a quarterly journal that will publish high-quality papers in information systems. Technology management with an emphasis on the research and development in the Asia Pacific PAJAIS is an AIS journal that focuses on enhancing the knowledge in information ![]()
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