Krugman-The myth of Asia's miracle

《Krugman-The myth of Asia's miracle》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、TheMythofAsia'sMiraclePaulKrugman,;ACAUTIONARYFABLE;ONCEuPONatime.WesternopinionleadersfoundthemselvesbothimpressedandfrightenedbytheextraordinarygrowthratesachievedbyasetofEasterneconomies.Althoughthoseeconomieswerestillsubstantiallypoorerandsmallerthantho

2、seoftheWest,thespeedwithwhichtheyhadtransformedthemselvesfrompeasantsocietiesintoindustrialpowerhouses,theircontinuingabilitytoachievegrowthratesseveraltimeshigherthantheadvancednations,andtheirincreasingabilitytochallengeorevensurpassAmericanandEuropeantec

3、hnologyincertainareasseemedtocallintoquestionthedominancenotonlyofWesternpowerbutofWesternideology.Theleadersofthosenationsdidnotshareourfaithinfreemarketsorunlimitedcivilliberties.Theyassertedwithincreasingself-confidencethattheirsystemwassuperior:societie

4、sthatacceptedstrong,evenauthoritariangovernmentsandwerewillingtolimitindividuallibertiesintheinterestofthecommongood,takechargeoftheireconomies,andsacrificeshort-runconsumerinterestsforthesakeoflong-rungrowthwouldeventuallyoutperformtheincreas-inglychaotics

5、ocietiesoftheWest.AndagrowingminorityofWesternintellectualsagreed.ThegapbetweenWesternandEasterneconomicperformanceeventuallybecameapoliticalissue.TheDemocratsrecapturedtheWhiteHouseundertheleadershipofayoung,energeticnewpresi-PAULKRUGMANisProfessorofEconom

6、icsatStanfordUniversity.HismostrecentbookisPeddlingProsperity:EconomicSenseandNonsenseintheAgeofDiminishedExpectations.[62]TheMythofAsia'sMiracledentwhopledgedto"getthecountrymovingagain"—apledgethat,tohimandhisclosestadvisers,meantacceleratingAmericaseco-n

7、omicgrowthtomeettheEasternchallenge.Thetime,ofcourse,wastheearly1960s.Thedynamicyoungpres-identwasJohnF.Kennedy.ThetechnologicalfeatsthatsoalarmedtheWestwerethelaunchofSputnikandtheearlySovietleadinspace.AndtherapidlygrowingEasterneconomieswerethoseoftheSov

8、ietUnionanditssatellitenations.Whilethegrowthofcommunisteconomieswasthesubjectofinnumerablealarmistbooksandpolemicalarticlesinthe1950s,someeconomistswholookedseriouslyattherootsofthatgrowthwereputtingt