Export-Led Growth in the Asian Tiger Economies - Martin Daunton

Why have economies in east Asia been more successful in escaping from under-development and achieving high levels of growth? Japan’s experience of avoiding colonisation and creating a modern economy offered a model to other countries, some of whom had themselves been colonised by Japan – above all, South Korea. How did Japan and Korea create a successful model of export-led growth with a close connection between the state and business that was criticised by the IMF as ‘crony capitalism’? Thi...