The Roaring Tigers and the Asian Miracle
Until a few years ago one could not open the pages of a public affairs magazine without running into a commentary claiming for example that ¡®Asian countries have developed a new and superior form of capitalism that is beating the pants off Western, free market economies¡¯ (Altfest, 1998). Between 1965 and 1990 the economy of East Asia grew faster than all other regions of the world, roughly three times as fast as other developing regions and twenty-five times faster than Sub-Saharan Africa. The export performance of these East Asia economies has been particularly dramatic, with their share of world exports of manufactures leaping from 9 per cent in 1965 to 21 per cent in 1990, thus significantly outperforming the industrial economies and the oil-rich Middle East-North Africa region (World Bank, 1993). Most of this achievement was attributable to six economies: Japan, Hong Kong, the Republic of Korea, Singapore, Taiwan, and China; and......

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Title: The Roaring Tigers And The Asian Miracle
Approximate Word Count: 4484
Approximate Pages: 18 (250 words per double-spaced page)

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