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The Changing Morphology of the Asia-Pacific Region

In: The Asia-Pacific Economy

Author

Listed:
  • Dilip K. Das

    (University of Sydney)

Abstract

To medieval Europeans, the Asia-Pacific region was something of a cornucopia and for a long time thereafter it was admired for the exotic aspects of its life and cultures. To the post-war world, it is the land of effervescent economic growth. Its rise can be traced back to the early 1960s when the Japanese economy came into its own. Since then several fundamental and far-reaching economic changes have taken place in the region and a new era of economic expansion has begun: it has outpaced all other regions in terms of economic growth over the last three decades. Throughout the 1960s, Japan’s GNP grew over 10 per cent annually and it successfully exported its way out of all the exogenous economic disturbances of the 1970s. Japan was followed by the ‘four dragons’ whose economic achievements surpassed that of Japan. Other Southeast Asian countries’ and China followed close on the heels of the dragons. One country’s economic growth helped others in the region and it almost became a self-perpetuating economic expansion.

Suggested Citation

  • Dilip K. Das, 1996. "The Changing Morphology of the Asia-Pacific Region," Palgrave Macmillan Books, in: The Asia-Pacific Economy, chapter 1, pages 1-47, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-37555-0_1
    DOI: 10.1057/9780230375550_1
    as

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