Compressed Development in East Asia
In this paper we argue that the path of economic development for would-be developers has changed fundamentally since the 1980s. Focusing on East Asia, we contend that the path followed by ‘late developers’ has shifted to one that can best be described as ‘compressed development.’ We introduce the notion of compressed development to highlight the new policy dilemmas and choices that developing countries face today, which we characterize as ‘policy stretch.’… more »