Feb 18 Lecture Notes - Economic Development in East Asia

Feb 18 Lecture Notes - Economic Development in East Asia -...

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POLI 227 Narendra Subramanian Feb 18, 2008 Economic Development in East Asia Annoucements: Talk about dragons and tigers East Asian Economic Success: An Overview Common Experiences of Newly Industrializing Countries (NICs) Annual GDP Growth Rate, 1970-2007 World: 3.2%, Developed: 2.9%, Developing: 4.7% Developed: North America = 3.1%, Europe = 2.4%, Japan = 4.4% Developing: o E. Asia minus Japan = 8.0%, S.E. Asia = 5.3%, S. Asia = 5.0%, L America = 3.4%, pacific = 3.1%, Middle East = 3.9%, N Africa = 4.5%, Sub-Saharan Africa 3.0% o NICs (I): China 9.1%, Hong Kong 6.5%, S. Korea 6.9%, Taiwan 7.0%, Singapore 7.5% o NICs (II): Thailand 6.3%, Malaysia 6.1%, Indonesia 6.1% o NICs (III): India 5.2%, Pakistan 5.2% East Asia: China, Hong Kong, Taiwan, Korea, sometimes Newly Industrializing Countries (NICs) had higher growth rates Three tiers of industrialization First, Second, and Third generations
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This note was uploaded on 04/07/2008 for the course POLI 227 taught by Professor Narendrasubramanian during the Winter '08 term at McGill.

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Feb 18 Lecture Notes - Economic Development in East Asia -...

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