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5.
5
.
1. Intro Video:
East Asian Miracles
One of Two Regions That “Converges”
•
Western Europe & the Original OECD “converged”
•
Marshall Plan recipients…
•
Strong institutional convergence to the mixed-
economy social-democracy model
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East Asia “converged”
•
Since this is what we economists expect, we say:
“what’s the problem”?
•
But IT DID NOT HAPPEN ANYPLACE ELSE…
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And it was not via anything we would like to call
laissez-faire
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So there is an important issue here to understand…
•
East Asian secret sauce? Can we bottle it?
2021-04-11
East Asian Miracles: Intro Video
Econ 135 :: History of Economic Growth: 5.5.1.
<
https://github.com/braddelong/public-fi les/blob/master/econ-135-5.5.1-
intro-video-east-asian-miracles.pptx
>
<
https://www.icloud.com/keynote/0-9SzNAsadTQvyyG-YtYPiOfA
>
<
https://youtu.be/W1-cZ6pANzM
>
<
https://www.bradford-delong.com/2021/04/east-asian-miracles-intro-
video-econ-135-history-of-economic-growth-551.html
>
2021-04-11
