The NIEs and the Developing Asian and Pacific Region: A View from South Asia

Deskripsi

This article intends to provide a framework for discussing the relevance of the economic growth experience of the Asian newly industrializing economies (NIEs) to the developing economies in the Asian and Pacific region, with particular reference to certain aspects of the development experience of India.
The NIEs, namely, the Republic of Korea; Hong Kong; Singapore; and Taipei,t China are, in various ways, special cases.1 Their recent historical experiencebequeathed a basis for development and of infrastructure on which it was possibleto achieve relatively rapid economic progress. Furthermore, except for theRepublic of Korea, the NIEs are comparatively small.The other developing economies in the region are at varying stages ofdevelopment. Moreover, in contrast to the NIEs, many of them have largerpopulations together with uneven patterns of growth geographically. Therefore,notwithstanding the successes in development achieved in particular areas orsectors, the existence of highly populated poorer areas inevitably gives rise tolower economic indicators in terms of per capita income or growth rates thanare apparent in the NIEs.