The East Asian Miracle: Economic Growth and Public Policy (World Bank Policy Research Reports)

Book Description

The extraordinary growth enjoyed over the last several decades by many East Asian countries has amounted to nothing less than an economic miracle. Employing unorthodox policies, Hong Kong, Indonesia, Japan, Malaysia, the Republic of Korea, Singapore, Taiwan, and Thailand have all produced dramatic results with far-reaching improvements in human welfare and income distribution, leading many to ask whether a similar achievement can be duplicated elsewhere. Written for the nonspecialist, this World Bank Policy Research Report--the first in an important new series--discusses in detail the means by which these high-performing Asian economies (HPAEs) realized their staggering success between 1965 and 1990. Examining how these countries stabilized their economies with sound development programs that led to fast growth, the book also shows how they shared the new prosperity by making income distribution more equitable. The book makes clear how the HPAEs promoted rapid capital accumulation by making banks more reliable and encouraging high levels of domestic savings, while universal primary schooling and better primary and secondary education quickly increased their skilled labor forces. Also included are illustrative examples of productive agricultural programs, modest tax policies, the modification of price distortions, foreign technology and investment, and the cooperation of government and private enterprise. Exposing to a broad audience the revolutionary process that transformed East Asia into the collection of economic juggernauts that it is today, this provocative World Bank report offers wisdom for today's up-and-coming markets, highlighting the policies that will make a difference as well as those that, despite their effectiveness in the Orient, could prove disastrous elsewhere.

Customer Reviews:

Good overview explaining why asia has been so successful.......2007-09-06

Good overview explaining the policies behind East Asia's phenominal economic success. Should be read by all students of economic development. However, the book is very weak when it comes to discussing the area's merchantalist policies. Reading this one would think they did not exist and have played no role (good or bad) in these nation's development.

Good pre1997 crisis book, interesting contradictions.......2003-02-17

This book explores the causes for the extraordinary growth experienced by a few Asian countries in the pre-1997 crisis era. It describes, in great detail, the policies adopted in each country that are believed to have spurred such development; to its credit (being a World Bank book), it even suggests that some unorthodox policies may have been beneficial, even though it does suggest that these benefits are not there to be reaped again by a country trying to emulate them. One of the main arguments is also that income distribution improvements have been a common experience across these countries, which is a topic not often discussed in development economics.

There are, however, some obvious fallacies in this book. Having been written pre-1997 crisis, it does highlight the strenght of the banking system in many of these countries; these banking systems were later to be blamed for much of the pain in the 1997 crisis.

Book Description

This digital document is an article from Policy Studies Journal, published by Policy Studies Organization on June 22, 1997. The length of the article is 3631 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: The East Asian Miracle: Economic Growth and Public Policy.
Author: Gambhir Bhatta
Publication: Policy Studies Journal (Refereed)
Date: June 22, 1997
Publisher: Policy Studies Organization
Volume: v25 Issue: n2 Page: p308(7)

Article Type: Book Review

Distributed by Thomson Gale

The East Asian Miracle: Economic Growth and Public Policy

Average customer rating:

The East Asian Miracle: Economic Growth and Public Policy
Not Available (NA)
Manufacturer: A World Bank Policy Research Report
ProductGroup: Book
Binding: Paperback
ASIN: B000OKVOWE

Book Description

Provides a foundation for probability based on game theory rather than measure theory.

A strong philosophical approach with practical applications.
Presents in-depth coverage of classical probability theory as well as new theory.

Download Description

Provides a foundation for probability based on game theory rather than measure theory.

A strong philosophical approach with practical applications.
Presents in-depth coverage of classical probability theory as well as new theory.

Customer Reviews:

a history book?.......2003-01-24

The idea of this book is a superb one: to teach probability from a "gambling" point of view, recovering in this way the origins and development of this area. But the authors have decided to go over a complete account on the historical evolution of the subjacent concepts. It turns out that it is neither a book on the history of probability, nor a clear and well written textbook.

three probability books in one!.......2002-09-05

Glenn Shafer wrote a very thought provoking book on the mathematical theory of evidence many years ago. Vladimir Vovk was a student of Kolmogorov. At first I thought this would be a book that tries to replace the measure theoretic approach to probability with a game theory (gambling) approach and I was skeptical about it being successful. But these authors are serious and first rate probabilists who understand the theory, foundations and history of probability from all the angles.

The authors sell the book as two books. The first half presents probability theory and the classic probability results in the framework of a game between two opponents that they call Skeptic and the World. If we replaced Skeptic by Investor and World by Market we see it naturally as an investment problem in finance. They see their methodology as natural for a course in the probabilist approach to financial problems. The special topics in finance and important models such as Black-Scholes is then the subject of the second part of the book.

On the other hand if you replace Skeptic with Gambler and World with the House we see this as the natural gambling problem that really goes back to the origin of probability and the days of Fermat and Pascal. It is this third aspect of the book that I enjoy the most. In this first part, their approach is mixed in with the history of probability. The famous probabilists and their theories come to life in photographs and sketches. We get the introduction of Martingales as developed by Jean Ville in his 1939 book. The subjective approach of de Finetti, von Mises approach through collectives, Kolmogorov's establishment of mathematical rigor through the measure theoretic approach, Kolmogorov's later development of complexity theory and the various debates on probability by the great 20th century probabilists including J. L. Doob. We are even introduced to lesser knowns such as the UCLA mathematician Tony Martin (picture in the appendix with his theorem)who in 1990 provided an important advanced mathematical result in game theory that is important in these authors' approach. Curiously, we also see a picture of D. R. Cox a famous statistician (but not known for fundamental contributions to probability).

This book is long on historical perspective, philosophy and clear writing. But don't think that it is a probability for dummies book. The probability theory is deep and the mathematics is not necessarily simple. I think the authors find their approach more appealing than the usual measure theoretic approach that requires the formality of the holy triple (sample space, sigma algebra and probability measure).

This book is good for learning the history of probability from the Bernoulli's and DeMoivre and Laplace through to the 21st century. It is also good for learning the fundamentals of stochastic finance. A great book for probablists and statisticians to have.

Bayes is the only historical character missing from the book and it is a mystery to me that they would leave him out especially since they do spend time covering deFinetti and subjective probability and they also say that their approach borrows from both the subjective and the frequentist schools. Bayesian methods are mentioned only briefly on page 59 where the "neosubjectivist" movement is discussed and we see a picture of Bruno de Finetti (the first one that I have seen).

If you want to see a different approach to finance that relies heavily on the Ito Calculus, Mike Steele's book published by Princeton University Press offers it to you. That book is one of the few references on the subject that is not in the authors' bibliography. The bibliography is nice and fairly extensive.

This book could be used for a graduate level course in probability from a non-traditional framework. It is good also for business school students with a serious interest in probability and the second half of the book could be used for a course in stochastic finance.

Amazon.com

For many Americans, making money is easier than keeping it. The tax laws change annually, and getting full benefits from the many opportunities that arise every year is no easy task. In order to keep as much of your hard-earned income as possible, you need only spend some time devising personal tax strategies -- and this widely-praised book will help you keep what is rightfully (and legally) yours. Chosen by Money Magazine as one of the nine best personal finance books of the year.

Book Description

For many Americans, making money is easier than keeping it. The tax laws change annually, and getting full benefit from the many opportunities that arise every year is no easy task. In order to keep as much of your hard-earned income as possible, you need only spend wome time devising personal tax strategies. It's Not What You Make--It's What You Keep provides detailed help in clear, easy-to-understand language for keeping what is rightfully yours.

Book Description

Rattlesnake Farming takes place at Christmas time in contemporary Santa Fe at the home of the rattlesnake farmer; who hypothesizes that rattlesnake venom contains an "antidote" to Christianity. A novel about original sin and redemption, a family saga, realistic and magical, this is "a remarkable novel, at once hilarious and serious," (The New Mexican) "an absorbing and unusual work by a writer of extensive abilities and elaborate imagination." (Joseph Heller)

Rattlesnake Farming; English Patient; City of Light; and The Porcupine

Average customer rating:

Rattlesnake Farming; English Patient; City of Light; and The Porcupine

Manufacturer: Alfred A. Knopf
ProductGroup: Book
Binding: Hardcover
ASIN: B000I86RRE

Rattlesnake Farming.: An article from: The Review of Contemporary Fiction

Average customer rating:

Rattlesnake Farming.: An article from: The Review of Contemporary Fiction
Brooke Horvath
Manufacturer: Review of Contemporary Fiction
ProductGroup: Book
Binding: Digital

Book Description

This digital document is an article from The Review of Contemporary Fiction, published by Review of Contemporary Fiction on September 22, 1993. The length of the article is 556 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

Citation Details
Title: Rattlesnake Farming.
Author: Brooke Horvath
Publication: The Review of Contemporary Fiction (Refereed)
Date: September 22, 1993
Publisher: Review of Contemporary Fiction
Volume: v13 Issue: n3 Page: p205(2)

Article Type: Book Review

Distributed by Thomson Gale

Average customer rating:

Rattlesnake Farming
Kathryn Kramer
Manufacturer: Knopf
ProductGroup: Book
Binding: Paperback
ASIN: B000TU7B5S

Average customer rating:

Rattlesnake Farming
Kathryn Kramer
Manufacturer: Knopf
ProductGroup: Book
Binding: Hardcover
ASIN: B000NQJREQ

Average customer rating:

Rattlesnake Farming.

Manufacturer: Alfred A. Knopf
ProductGroup: Book
Binding: Paperback
ASIN: B000I84N6Q

Book Description

The techniques for establishing and maintaining invertebrate tissues and cells in culture remain difficult due to the diversity of invertebrates and their structural and physiological characteristics. Research involving invertebrate cell cultures continues to increase, although the number of cell lines used is still limited. This manual gives detailed descriptions of the technical procedures for the establishment of primary invertebrate cell cultures in vitro. Nutritional requirements, culture media, and species-specific methods for both cell and organ cultures as well as useful techniques for studies on cultured cells are described. The Appendix lists established cell lines available for research with information on the composition of their physiological and nutrient solutions. This comprehensive manual, the first of its kind, is a valuable reference for investigators working with invertebrate cell cultures in academia and industry.

Book Description

Nature provides many examples of physical systems that are described by deterministic equations of motion, but that nevertheless exhibit nonpredictable behavior. The detailed description of turbulent motions remains perhaps the outstanding unsolved problem of classical physics. In recent years, however, a new theory has been formulated that succeeds in making quantitative predictions describing certain transitions to turbulence. Its significance lies in its possible application to large classes (often very dissimilar) of nonlinear systems. Since the publication of Universality in Chaos in 1984, progress has continued to be made in our understanding of nonlinear dynamical systems and chaos. This second edition extends the collection of articles to cover recent developments in the field, including the use of statistical mechanics techniques in the study of strange sets arising in dynamics. It concentrates on the universal aspects of chaotic motions, the qualitative and quantitative predictions that apply to large classes of physical systems. Much like the previous edition, this book will be an indispensable reference for researchers and graduate students interested in chaotic dynamics in the physical, biological, and mathematical sciences as well as engineering.

Average customer rating:
The North American Indian Reader (The Viking portable library)

Manufacturer: Viking Adult
ProductGroup: Book
Binding: Hardcover

United States | Americas | History | Subjects | Books | 19th Century | 20th Century | 21st Century | African Americans | Civil War | Colonial Period | General | Revolution & Founding | State & Local
Contemporary | General | Literature & Fiction | Subjects | Books
General | World Literature | Literature & Fiction | Subjects | Books
Similar Items:

Roofwalker

The Portable Western Reader (Viking Portable Library)

The Portable Roman Reader (Viking Portable Library)

The Portable Greek Reader (The Viking Portable Library)

Edgar Huntly, Or, Memoirs of a Sleep-Walker (Penguin Classics)

ASIN: 0670010774

Average customer rating:
The Portable North American Indian Reader

Manufacturer: Viking Press
ProductGroup: Book
Binding: Paperback
ASIN: 9993380644

Average customer rating:
The Portable North American Indian Reader

Manufacturer: Viking
ProductGroup: Book
Binding: Paperback
ASIN: B000GU4D52

Average customer rating:
The Portable North American Indian Reader (The Viking Portable Library)
Frederick W. III (editor) Turner
Manufacturer: Penguin (Non-Classics)
ProductGroup: Book
Binding: Paperback
ASIN: B000OJ39WS

Books:

Books Index

Books Home

Recommended Books