One of the most ignored issues in analysing the underlying processes of rapid growth of East Asian economies by mainstream development analysts is the character of the contemporary state system in the region. They have not considered the view that the nature of reform has varied depending on political structures and the relative strength of … Read more

The World Bank had a critical opinion towards the nature of welfare measures taken up by developing countries for a long time. The World Bank opined that the attempts to guide resource allocation during the past thirty years have generally failed to improve economic performance. The Bank came to this conclusion by simply dismissing these … Read more

The World Bank published a document in 1989 under its countrywide research project titled ‘The East Asian Miracle’. This study broadly comprised of a view that development for less developed nations will not be so much a repetition of the Euro-American development as previously envisaged by modernization theory. Now, the development for third world is … Read more

The East Asian Miracle has been an important theme in contemporary literature on development. There are wide range of efforts on the part of academicians, policy makers and politicians to universalise the experiences of East Asian Model of Development . A key approach to the East Asian development as illustrated by the World Bank’s and … Read more