Asia's Next Giant

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South Korea has been quietly growing into a major economic force, even challenging Japan in some industries. This growth may be seen as an example of "late indu

The Rise of "the Rest"

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Alice H. Amsden describes how some developing countries outside the North Atlantic area were able to achieve accelerated economic growth following World War Two

The Role of Elites in Economic Development

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Elites have a disproportionate impact on development outcomes. While a country's endowments constitute the deep determinates of growth, the trajectory they foll

Escape from Empire

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A provocative view of economic growth in the Third World argues that the countries that have achieved steady economic growth—including future economic superpo

The Market Meets Its Match

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Under free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation,