Newly Industrialising Count 4

The Newly Industrialising Countries (NICs) of Asia are Hong Kong SAR, Singapore, South Korea and Taiwan. They are among the most successful economies in the world since the 1960s, transforming themselves from less developed to developed countries within a relatively short period of 20 to 30 years. This book presents a comparative analysis of these remarkable achievements, including the latest debates in development economics literature. Discussed are the factors which explain the emergence of the Asian NICs, and the role played by Japan in the increasingly uncertain international economic environment of the 1990s and beyond. This revised and expanded fourth edition incorporates the most recent developments affecting the Asian NICs and the latest statistical data available.