Taking a conceptual approach, this book studies the economic development of the four East Asian economies since 1950. The author summarizes and reconsiders many of the arguments and findings that supported and explained the economic 'miracles' of Hong Kong, Singapore, Taiwan and South Korea,...

At the least, this book summarizes and reconsiders many of the arguments and findings that supported and explained the economic “miracles” of the four East Asian economies of the Hong Kong Special Administrative Region of People's Republic of China (Hong Kong), Singapore, Chinese Taipei...

This paper reviews different literature strands and performs an empirical test to evaluate how capital ownership, particularly its nationality, might affect long-run economic develop- ment. Our results indicate that low and middle-income countries with larger foreign capital stock in 1980 had...