Public Lecture by Prof. Karl Fields: Miracle of Asian Development: Explaining East Asian Exceptionalism
Abstract: The phenomenal economic rise of East Asia has been perhaps the most significant development of the last half century, arguably more consequential for this century than the collapse of European Communism, the end of the Cold War, or the rise of Islamic extremism. More than a billion of Asia’s poor have been lifted out of poverty and the global economy’s center of gravity has decidedly shifted from the Atlantic to the Pacific. This lecture will seek to identify the common prerequisites promoting the exceptional developmental success of Japan, East Asia’s newly-industrialized economies, and China.
