The Key to the Asian Miracle : Making Shared Growth Credible

"Easily the most informed and comprehensive analysis to date on how and why East Asian countries have achieved sustained high economic growth rates, [this book] substantially advances our understanding of the key interactions between the governors and governed in the development process. Students and practitioners alike will be referring to Campos and Roots series of excellent case studies for years to come."Richard L. Wilson, The Asia FoundationEight countries in East Asia-Japan, South Korea, Taiwan, Hong Kong, Singapore, Thailand, Malaysia, and Indonesia-have become known as the "East Asian miracle" because of their economies dramatic growth. In these eight countries real per capita GDP rose twice as fast as in any other regional grouping between 1965 and 1990. Even more impressive is their simultaneous significant reduction in poverty and income inequality. Their success is frequently attributed to economic policies, but the authors of this book argue that those economic policies would not have worked

groups at the expense of broad-based development, these countries leaders constructed a competent bureaucracy that balanced autonomy with accountability to serve all interests, including the poor.This important book provides useful lessons about how developing and newly industrialized countries can build institutions to implement growth-promoting policies. [Publisher's text]