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Booth, Anne (2003) 'Education, Equality and Economic Development in the Asia-Pacific Region.' In: Andersson, Martin and Gunarsson, Christer, (eds.), Development and Structural Change in the Asia-Pacific. London: Routledge, pp. 148-69. (Routledge Studies in the Growth Economies of Asia)

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The literature on the ‘Asian miracle’ which proliferated in the mid-1990s offered a range of explanations for the remarkable growth record of the Asian ‘high performers’, (or HPAEs as they have become known) but almost all the contributions agreed on the importance of education (World Bank 1993: 43, Birdsall et al. 1995: 481, Campos and Root 1996: 56). These authors pointed to the virtuous circle, which they claimed was found in much of East Asia, where education stimulated growth and growth stimulated education. In addition, they claimed that high rates of investment in education lowered inequality, which in turn further stimulated both economic growth and more investment in education. Furthermore, rapid growth in the HPAEs speeded up the demographic transition which allowed governments greatly to increase the educational budget per student, thereby improving quality of instruction.

Item Type: Book Chapters
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISBN: 9780415304160
Date Deposited: 09 Dec 2007 13:33

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