Lessons from the East Asian NICS: A contrarian view

Which Capitalism ? Lessons from the East Asian Crisis

Just a few years ago, it was fashionable to decry the short-sightedness of the American financial system, the tendency of U.S. financial markets to ignore longer-term corporate prospects while focusing heavily on quarterly earnings reports. There were repeated calls for the U.S. to adopt new laws that would permit financiers to take a longer view of their investments, and to move toward the mor...

Policy Lessons of the East Asian Demographic Transition

THE “EAST ASIAN MIRACLE”—the several decades of extraordinary economic growth and poverty reduction in a group of East and Southeast Asian countries, beginning around the 1960s—provides the gold standard of development achievement. The miracle also entailed rapid social development, in particular the transformation of demographic regimes from high to low mortality and fertility and a strong exp...

Some Lessons of the East Asian Financial Crisis

I would like to discuss improvements in our understanding of economic development, in particular the emergence of what is sometimes called the "post-Washington consensus." My remarks elaborate on two themes. The first is that we have come to a better understanding of what makes markets work well. The Washington consensus held that good economic performance required liberalized trade, macroecono...

Lessons from Asian Agriculture

Export Growth and Industrial Policy: Lessons from the East Asian Miracle experience

John Weiss is Director of Research at the ADB. The views expressed in this paper are the views of the author and do not necessarily reflect the view or policies of the Asian Development Bank Institute.