East Asian Tigers
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The East Asian miracle revisited: Industrial policy, shared prosperity, and lessons for today
Nancy Birdsall revisits the World Bank's landmark 1993 East Asian Miracle report, exploring how it navigated the politics of industrial policy, what it revealed about export-led manufacturing growth, and what its lessons mean for development policy today.
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Modern industrial policy: The Asian miracles’ blueprint for developing economies
Industrial policy, a powerful tool for economic development in the ‘Asian Miracles’, was based on the three key principles: promoting sophisticated export-oriented industries, fostering innovation and competition, and building accountable leading age...