Fconomlc Growth TbdolEd

dspoddion, d*elop.d dablins hunf Reurces tnd st an excnsive €suld|ory
fd.stt ro avoid slsts tnd b provi{t sbbilitv
orhd @unries lhot ltu c.ugncup thc sDalh b.nd*!gm aho putsued ditreMt policit' s
th.ir prcd&srs did h rh. induslrial rcvolution ln Esl Arian @onom'es' solehr'nr
sdoFr.d o divc ot s rh. LG con.6 in indusoial Evolutim Th'v di@tlv inlolv'd in
ptdning .nd {teElopncnt idc iryins trl invdlins it sto6 lh ould lard pov'&
dp.Etire adwl!s.. ln mntls! Ijdn Ancrien @ulri6 w'rc l'$ involved in dircotin8
€oononic odirnies, md insLad, fausd ddrc on sial developncnr'
2.1 Ct *'th ln developing dru"d.s
rreveloping eunaics hid odvml.s€' of backwa.dn'$ Thcv weE nol involv'd in
cunb.tsme F@.ss ol inve.tioB {d mth.r ho@w techmlosi's rm d\*elof€d wcld ln
rhb w!y, ttEy @ld c.lch uP 10 $e d.wl@ wld TlE choi@ of lalmlos/ in opcn
n.*cl u6uld dcFid d cNt 's giv€n odN@ni sobE H
pu6led pr@tive indunridl dd Mtomic policv 0in lo delv lhc compaBlire dvanugc
dacmin€d by ihei. c(torMt slructuE to follo{ ft€ w.si'm sttl' induslrillizltion Tn'v
E on simibr scsi.s, which *@ puocd in nrdufitl doluriM Md msidtEd !
{ir.ing .ombimlid. 'Ilcy haw f@ued on Emoving dbbnid3, liniting gov'mmc't
in|.flcnlioos md devcloping institutions. llowevor, .uDi for a iw, bv tud lorse. ihct
gto${rr p€rfmsnG h.s nol b.d sglimblc Their Erewlh is bd6f ed pasld bv nmpanl
irtl.tid, nsi.e in qulny ud Pn sial indic.M Cumul'riw outpur hls &clined in mor
ofrhc counti6of thccmmo.@llh,eit6l lnd $!thd EuEp. d ltlhic Egios
Thh o. b. evid.nl from Fisne I ond 2 t!l@n from Bam dd Sllt_i_Mortin (2004) lhar
digl.ys rhe *id.N oa convaad@- At.E!. cDP gmwlh nE lor th. p€ridl of 196&2000
is Elcn m yair, whc€s r-dis d.ricb innid inme Fr qpiir'