Question

According to a 1993 World Bank report, East Asian economic growth in the late twentieth century was due, in part, to

Answer 1

According to a 1993 World Bank report, East Asian economic growth in the late twentieth century was due, in part, to the fact that the East Asian countries got the basics right. Private domestic investment and fast growing human capital were the main engines of growth. Low levels of domestic debt and high levels financial savings kept the high investment levels going. Population growth rates dropped rapidly than in other parts of the world. They also had a better-educated labour force.