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Rapid Economic Growth In East Asian Countries
Beginning of paper
Over the past decade, there has been rapid long-term economic growth
for East Asian countries. These newly industrialising countries are
experiencing growth rates in GDP per head at around 6% to 7% compared to the 2%
to 3% for most industrial economies. If this growth continues, South Korea and
Taiwan might take away America's distinction as t ....
Middle of paper
....s allowed
much faster growth when copying the leaders. It is important to realize that
these growth rates should slow as the countries catch up.
An area in which East Asia is investing much of its GDP is in physical
capital and education. Compared to the industrial leaders, the East Asian
countries have sustained a much higher investment in thes.... |
| Word count: 511 |
Page count: 2 |
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