The four Asian dragon economies have been widely studied in the 1990s, as investigations seek to disclose the secret of their rapid growth. Despite this, it is still unclear why other economies which shared the features of the East Asian countries have failed to develop with such speed and success. Taking a conceptual approach, this book studies the economic development of the four East Asian economies since 1950. The author summarizes and reconsiders many of the arguments and findings that supported and explained the economic miracles of Hong Kong, Singapore, Taiwan and South Korea,...