Lessons from Korea and Estonia
Edited By Bernhard Seliger, Jüri Sepp and Ralph Wrobel
Practicing Catching-up: a Comparison of Development Models of East Asian and Central-Eastern European Countries
This article makes an attempt to compare the development patterns of the economies of the East Asian and Central and Eastern European (CEE) regions, which have been the fastest in catching up on the global arena. It observes both the internal features of the economies and economic policies and the parameters characterising their relation with the international background (openness, integration). he statistical materials used have been taken mostly from the World Economic Forum competitiveness reports and from the WB and IMF sources, while the descriptions of economic policy and its dynamic are based on materials concerning the regions under discussion and their individual countries. The goal of the article is not to reach conclusions characterising the behaviour of the economies of the entire East Asian or CEE regions, but the economic development models, specific features, development and performing of countries, which have displayed top performance in either region and have reached the level of developed economies.
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