April 1, 2018 ÖSYM | osym
~1 mins

According to a World Bank report in 1993, the East Asian miracle, achieving high economic growth for all people, is due to a combination of fundamentally sound development policies, tailored interventions, and an unusually rapid increase of physical and human capital. The more advanced economies in the Asian region are part of this success and have been referred to as high-performing East Asian economies. Such economies have a record of high and sustained economic growth. In addition, these economies have displayed high per capita incomes, along with a much-improved income distribution, compared with most other developing economies.