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Can the rest of Asia emulate the NICs?

Authors :
Hamilton, Clive
Source :
Third World Quarterly; Oct87, Vol. 9 Issue 4, p1225-1256, 31p, 8 Charts
Publication Year :
1987

Abstract

The article focuses on the possibility of four Southeast Asia countries and four countries of South Asia to emulate the economic success of newly industrialized countries (NICs) in East Asia. The author points out the aspects of NICs' performance that other Asian countries want to imitate. He mentions the NICs' sustained high real growth rates of gross domestic products as the most remarkable factors on the economic growth of the NICs. He also stresses the significance of economic growth brought about by the accumulation of industrial capital which involves the expansion of investment in productive activities. Furthermore, he emphasizes the negative effects of the error of policy voluntarism on growth of government in the economy.

Details

Language :
English
ISSN :
01436597
Volume :
9
Issue :
4
Database :
Complementary Index
Journal :
Third World Quarterly
Publication Type :
Academic Journal
Accession number :
27562541
Full Text :
https://doi.org/10.1080/01436598708420024