No miracle

South Korea: Economic Miracle by Policy Miracle?

Historical, cultural and institutional factors certainly did have a positive impact on the economic growth in South Korea and the other East Asian newly industrialising economies. However, these factors would not have been of any importance without governmental influence. Particularly in South Korea, a strong state with highly respected and qualified bureaucrats could play a central role in sti...

Exploring the miracle:

In this first report, we consider the governance of learning and the diffusion of technological knowledge in the civil aircraft industry. We describe a systemic process by which specialisation in knowledge allows for depth whilst breadth is captured through the integration of contributions by the lead manufacturer, which acts as systems integrator. We explore the boundaries of the knowledge bas...

Moringa Oleifera, Miracle Tree

No 788 April 2007 Americans Do I . T . Better : US Multinationals and the Productivity Miracle

The US has experienced a sustained increase in productivity growth since the mid-1990s, particularly in sectors that intensively use information technologies (IT). This has not occurred in Europe. If the US “productivity miracle” is due to a natural advantage of being located in the US then we would not expect to see any evidence of it for US establishments located abroad. This paper shows in f...

The China Miracle Demystified

The China Miracle Demystified Justin Yifu Lin The World Bank When China began its transition from a planned to a market-oriented economy in 1979, it was a poor, inward-looking country with a per capita income of US$182 and a trade dependence (trade to GDP) ratio of 11.2 percent. 1 China’s economic performance since then has been miraculous. Annual GDP growth averaged 9.9 percent over the 30-yea...