| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w23845
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| 来源ID | Working Paper 23845
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| East Asian Financial and Economic Development |
| Randall Morck; Bernard Yeung
|
| 发表日期 | 2017-09-25
|
| 出版年 | 2017
|
| 语种 | 英语
|
| 摘要 | Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s. South Korea, among the world’s poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. China now seems poised to follow a similar trajectory. All three cases highlight the importance of marginalized traditional elites, intensive early investment in education, a degree of economic openness, free markets, equity financing, early-stage coordination of firms in diverse industries via arrangements such as business groups, and political institutions capable of curbing the power of families grown wealthy in early-stage rapid development to make way for prosperity sustained by efficient resource allocation to high-productivity firms. |
| 主题 | Financial Economics
; History
; Financial History
; Labor and Health History
; Development and Growth
; Development
; Country Studies
; Other
; Economic Systems
|
| URL | https://www.nber.org/papers/w23845
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581518
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推荐引用方式
GB/T 7714 |
Randall Morck,Bernard Yeung. East Asian Financial and Economic Development. 2017.
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文件名：
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w23845.pdf
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格式：
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Adobe PDF
|
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