Rapid Economic Growth In East Asian Countries
Beginning of paper
Over the past decade, there has been rapid long-term economic growth
for East Asian countries. These newly industrialising countries are
experiencing growth rates in GDP per head at around 6% to 7% compared to the 2%
to 3% for most industrial economies. If this growth continues, South Korea and ....
Middle of paper
.... America 47 years to double in the 1800's while Japan took 34
years from the late 19th century. Finally, South Korea was able to double its
real income per head in an amazing 11 years from 1966. It would seem that the
later a country has industrialised, the faster it has been able to do so.
Another important factor is the degree to which a country is behind the
industrial leaders. In the case of the East Asian countries, South Korea and
Taiwan, both started out with an extremely low income ....
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Word count: 511
Page count: 2 (approximately 250 words per page)
