Singapore—An Asian economic miracle
نویسندگان
چکیده
منابع مشابه
East Asian Economic Performance: Miracle or Just a Pleasant Surprise?
P UBLICATION of the East Asian Miracle (EAM, World Bank, 1993) appears, to borrow a phrase, to have generated more heat than light. The EAM analysed reasons for the economic success of the eight high performing Asian economies (HPAEs) — Hong Kong, Indonesia, Japan, Malaysia, Republic of Korea, Singapore, Taiwan and Thailand. The hope, at least of ‘neutral’ observers, was that we would be able t...
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___________________ The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the World Bank, its Executive Directors, or the countries they represent.
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Existing models of currency crisis were powerless to explain what happened. This was not a ‘first generation’ currency crisis brought about by excess budget deficits, as in Krugman (1979). Nor was the crisis caused by a conflict between the austerity needed to defend a fixed exchange and the expansion needed to remove high unemployment, as in Britain’s forced exit from the ERM in 1992 (Eichengr...
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ژورنال
عنوان ژورنال: Intereconomics
سال: 1971
ISSN: 0020-5346,1613-964X
DOI: 10.1007/bf02929133