Read Paul Krugman's article The Myth of Asia's Miracle, Foreign Affairs 73, no. 6 (Nov./Dec. 1994), pp.
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Read Paul Krugman's article "The Myth of Asia's Miracle," Foreign Affairs 73, no. 6 (Nov./Dec. 1994), pp. 62-78 (see also http://www.jstor.org/stable/20046929). Explain Krugman's arguments using the Solow model and the Cobb-Douglas production function. What is your own view? Provide arguments and facts not included in the article to support your view.
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In his seminal 1994 article The Myth of Asias Miracle Paul Krugman challenges the prevailing narrative of Asias economic growth arguing that it was driven primarily by increasing inputs of labor and c...View the full answer
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