The Myth of Asia’s miracle
Interesting read comparing the growth of Asian economies in recent times to the Soviet Union in the 50s and 60s.
via THE TEMASEK REVIEW by admin on 2/27/10
By Paul Krugman writing for MIT A CAUTIONARY FABLE ONCE UPON a time, Western opinion leaders found themselves both impressed and frightened by the extraordinary growth rates achieved by a set of Eastern economies. Although those economies were still substantially poorer and smaller than those of the West, the speed with which they had transformed themselves from [...]
