lec_13_110B

lec_13_110B - Economics 110B World Economic History II...

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    Economics 110B  World Economic  History II Spring 2008  University of California, Davis Lecture 13: The Rise of the NICS or the  Asian Tigers 
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    Today’s Program Who are the NICS? Comparative Economic Growth in East Asia since 1950 Accounting for growth: productivity advance or factor  accumulation? Deeper explanations: Export-Led Growth? or Coordination failures and investment  miracles.
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    Readings Dani Rodrik, “Getting Interventions Right: How  South Korea and Taiwan Grew Rich,”  Economic  Policy  20, 1995,pp.55-107 This is posted on smartsite
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    Information on Exam II next Tuesday Review Session on Monday. 119 Wellman 6:10  P.M. Exam will be structured like last time.  8 Multiple choice, 5 very short answers, 1 essay  (choice of 1 out of 2). Coverage will be since Lecture 8  Aftermath of WWI, Depression, Recovery from World  War II and European growth, Bretton Woods, East Asia  1950-1990s
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    How do they compare? Source: Alwyn Young “The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience” Quarterly Journal of Economics 1995 v 110 no 3 641-680
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    How do they compare? Source: Alwyn Young “The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience” Quarterly Journal of Economics 1995 v 110 no 3 641-680
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    Comparative growth patterns Source: Angus Maddison “The World Economy: A Millennial Perspective” OECD Paris 2001
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    Levels of GDP per capita Source: Angus Maddison “The World Economy: A Millennial Perspective” OECD Paris 2001
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    A Long Run Comparison Source: Angus Maddison “The World Economy: A Millennial Perspective” OECD Paris 2001
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    More numbers… Source: Angus Maddison “The World Economy: A Millennial Perspective” OECD Paris 2001
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    Source: Angus Maddison “The World Economy: A Millennial Perspective” OECD Paris 2001
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    Economic Growth in East Asia 7 Countries have had outstanding economic  performance since 1950: (China since 1978, Hong  Kong, Malaysia, Singapore, South Korea, Taiwan  and Thailand) + Japan with supergrowth 1950- 1990 Many of these countries started at the same levels  of GDP per capita of countries in Africa in 1950.  The gap is now enormous. 4 countries in the group above, Hong Kong,   Singapore, South Korea, Taiwan, now have per  capita GDP levels comparable to Western Europe
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    Economic Growth in East Asia What characterizes the growth experience? High investment ratios
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This note was uploaded on 08/18/2008 for the course ECON 111B taught by Professor Meissner during the Spring '08 term at UC Davis.

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lec_13_110B - Economics 110B World Economic History II...

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