Should-Read: Randall Morck and Bernard Yeung: East Asian Financial and Economic Development: “Japan, an isolated, backward country in the 1860s, industrialized rapidly to become a major industrial power by the 1930s… http://www.nber.org/papers/w23845 …South Korea, among the world’s poorest countries in the 1960s, joined the ranks of First World economies in little over a single generation. … Continue reading Should-Read: Randall Morck and Bernard Yeung: East Asian Financial and Economic Development