KPDS 2003-2 Soru=80

It is clear from the passage that the factors leading to the amazing economic growth of the East Asian "dragons" ----.

During the past few decades four East Asian economies -
South Korea, Taiwan, Singapore and Hong Kong - have
achieved the fastest rates of economic growth the world
has ever seen. In 1962 Taiwan stood between Zaire and
the Congo on the global ranking of income per head: by
1986 its neighbors were Greece and Malta. In 1962 South
Korea was poorer than Sudan: by 1986 it was richer than
Argentina. Today the four "dragons" account for 10 per
cent of manufactured exports worldwide, not far short of
America's 12 per cent. Understanding this miracle is the
most urgent task in development economics. But most
economists are content to cite the dragons as proof of
their favorite theories - whatever those theories may be.
Free marketers point to the dragons' reliance on private
enterprise, markets and relatively undistorted trade
regimes. Interventionists point with equal assurance to
clever bureaucracies, non-market allocation of resources
and highly distorted trade regimes.