What Really Fueled the ‘East Asian Miracle’?
The transformation of several East Asian countries from developing, agrarian economies to highly developed, industrialized economies is one of the great success stories of the 20th century. According to one World Bank report, almost 1 billion people were pulled out of poverty as a result of fast growth in the region. But the questions of why this happened and how it can be replicated by other countries remain essential to answer for the roughly 700 million people trying to survive on less than $2.15 a day. ….[READ]
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