IDEAS home Printed from https://ideas.repec.org/a/bla/apacel/v28y2014i1p178-186.html
   My bibliography  Save this article

The growth path of the dynamic Asian economies

Author

Listed:
  • Dilip K. Das

Abstract

type="main"> The rapid and sustained growth of several Asian economies led researchers, policymakers, and decision-makers in the world of international business to search for a plausible Asian model of growth. Numerous explanations of the dynamic growth in Asia have been put forward, including the ‘new structuralist’ approach proposed by Lin (2012). This paper examines the various explanations of what these countries did to unleash their growth potential. Industrial policy and market intervention are two such explanations. While the dynamic Asian economies did not flout the Washington Consensus, they adapted it in different ways. The policies that they followed under the Beijing Consensus allowed them to proactively follow pro-business policies. They also exploited the concepts of economic statism or state capitalism, which became an integral part of what became known as the ‘Asia model’.

Suggested Citation

  • Dilip K. Das, 2014. "The growth path of the dynamic Asian economies," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 28(1), pages 178-186, May.
  • Handle: RePEc:bla:apacel:v:28:y:2014:i:1:p:178-186
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/apel.12053
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kuznets, Simon, 1973. "Modern Economic Growth: Findings and Reflections," American Economic Review, American Economic Association, vol. 63(3), pages 247-258, June.
    2. Keun Lee & John A. Mathews, 2010. "From Washington Consensus to BeST Consensus for world development," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 24(1), pages 86-103, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peter Lloyd & Cassey Lee, 2018. "A Review Of The Recent Literature On The Institutional Economics Analysis Of The Long†Run Performance Of Nations," Journal of Economic Surveys, Wiley Blackwell, vol. 32(1), pages 1-22, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Edo Andriesse & Anouxay Phommalath, 2012. "Provincial Poverty Dynamics in Lao PDR: A Case Study of Savannakhet," Journal of Current Southeast Asian Affairs, Institute of Asian Studies, GIGA German Institute of Global and Area Studies, Hamburg, vol. 31(3), pages 3-27.
    2. Zeng, Jinli & Zhang, Jie, 2022. "Education policies and development with threshold human capital externalities," Economic Modelling, Elsevier, vol. 108(C).
    3. Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Ákos, 2014. "Growth and Structural Transformation," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 855-941, Elsevier.
    4. Paula Bustos & Juan Manuel Castro Vincenzi & Joan Monras & Jacopo Ponticelli, 2019. "Structural Transformation, Industrial Specialization, and Endogenous Growth," Working Papers wp2019_1906, CEMFI.
    5. Tisdell, Clement A., 2006. "Effects of Markets on Poverty and Economic Inequality: Evolutionary and Ethical Perspectives," Social Economics, Policy and Development Working Papers 123543, University of Queensland, School of Economics.
    6. Tamberi, Massimo, 2020. "Productivity differentials along the development process: A “MESO” approach," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 99-107.
    7. Julianne Treme & Lee A. Craig, 2013. "Urbanization, Health And Human Stature," Bulletin of Economic Research, Wiley Blackwell, vol. 65, pages 130-141, May.
    8. Francesco Quatraro, 2010. "Martin Fransman: the new ICT ecosystem. Implications for Europe," Journal of Evolutionary Economics, Springer, vol. 20(2), pages 321-328, April.
    9. Lavopa, Alejandro & Szirmai, Adam, 2018. "Structural modernisation and development traps. An empirical approach," World Development, Elsevier, vol. 112(C), pages 59-73.
    10. Junhua Li & Wenli Cheng, 2015. "Country Size, Economic Structure and Transaction Efficiency: An Asymmetric Spatial General Equilibrium Model of Income Differences across Nations," Monash Economics Working Papers 17-15, Monash University, Department of Economics.
    11. M. Shahe Emran & Forhad Shilpi, 2012. "The extent of the market and stages of agricultural specialization," Canadian Journal of Economics, Canadian Economics Association, vol. 45(3), pages 1125-1153, August.
    12. Weshah Razzak, 2023. "Research Effort and Economic Growth," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(3), pages 2318-2340, September.
    13. Björn Brey, 2021. "The Long-run Gains from the Early Adoption of Electricity," Working Papers ECARES 2021-23, ULB -- Universite Libre de Bruxelles.
    14. Octavio Fernández-Amador & Joseph F. Francois & Doris A. Oberdabernig & Patrick Tomberger, 2020. "Economic growth, sectoral structures, and environmental methane footprints," Applied Economics, Taylor & Francis Journals, vol. 52(13), pages 1460-1475, March.
    15. Ulubasoglu, Mehmet A. & Cardak, Buly A., 2007. "International comparisons of rural-urban educational attainment: Data and determinants," European Economic Review, Elsevier, vol. 51(7), pages 1828-1857, October.
    16. Germano Mwabu & Moses K. Muriithi & Reuben G. Mutegi, 2011. "National Transfer Accounts for Kenya: the economic lifecycle in 1994," Chapters, in: Ronald Lee & Andrew Mason (ed.), Population Aging and the Generational Economy, chapter 19, Edward Elgar Publishing.
    17. Michelle Albert Vachris & Justin P. Isaacs, 2017. "The Role of Cultural Values in the Formation and Survival of Pro-Growth Institutions," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 32(Spring 20), pages 89-113.
    18. Valeriy V. Mironov & Liudmila D. Konovalova, 2019. "Structural changes and economic growth in the world economy and Russia," Russian Journal of Economics, ARPHA Platform, vol. 5(1), pages 1-26, April.
    19. Dorosh, Paul A. & Schmidt, Emily, 2010. "The rural-urban transformation in Ethiopia," ESSP working papers 13, International Food Policy Research Institute (IFPRI).
    20. Tan, Ruipeng & Lin, Boqiang & Liu, Xiying, 2019. "Impacts of eliminating the factor distortions on energy efficiency—A focus on China's secondary industry," Energy, Elsevier, vol. 183(C), pages 693-701.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:apacel:v:28:y:2014:i:1:p:178-186. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/14678411 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.