EABER/SABER Newsletter November 2015

November, 2015

Lawrence J. Lau and Jungsoo Park

The high and persistent growth of the four Newly Industrialised Economies — also known as the East Asian Tigers: Hong Kong, South Korea, Singapore and Taiwan — from 1970 to 1990 prompted much debate about the drivers of growth in these economies. There have been numerous studies looking into this issue, but they have not yet been able to reach a common conclusion. Understanding the drivers of growth in the Tiger economies can help us grasp the future prospects for growth in the emerging Asian economies, and for Asia more generally — and the supporting policy responses needed.

Lawrence J. Lau is the Ralph and Claire Landau Professor of Economics at the Institute of Global Economics and Finance, The Chinese University of Hong Kong. Jungsoo Park is Professor of Economics at the School of Economics, Sogang University, Seoul.