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The New Industrializing Countries (NICs) of the Pacific Basin--Taiwan, South Korea, Hong Kong, and Singapore--differ in many ways such as their languages, cultures, political and economic systems. What is interesting is what economic characteristic they hold in common. Each has succeeded indefying in what Chow and Kellman define as a ""vicious circle of poverty"" following World War II. They provide a comprehensive analysis of the economic factors which fueled the ""engine of growth."" The authors combine a detailed body of empirical data with an unusually broad theoretical framework tohighlig

Exports --- East Asia --- Commerce --- History.

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"The import/export advisor."

Freight and freightage --- Export marketing --- International trade --- Imports --- Exports --- Commerce. --- Export marketing. --- Exports. --- Freight and freightage. --- Imports. --- International trade. --- United States --- United States. --- Commerce

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Agricultural industries --- Exports. --- Export marketing --- Agriculture, Cooperative --- Standards. --- Marketing. --- United States.

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Agricultural industries --- Exports. --- Export marketing --- Agriculture, Cooperative --- Standards. --- Marketing. --- United States.

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A robust empirical determinant of long-term economic growth in many developing countries has been the expansion and diversification of the export sector. The latter, in turn, has been influenced by capital accumulation and economic growth. The growth model developed here explores this interdependence in the context of the “new growth theory”. The analytical results are consistent with empirical regularities observed in the exports-economic growth linkages. The paper also derives a formula for the optimal rate of return to capital in the presence of learning effects and improvement of human resources brought about by export expansion and its interaction with saving and investment.

Exports and Imports --- Macroeconomics --- Production and Operations Management --- Trade: General --- Labor Economics: General --- Employment --- Unemployment --- Wages --- Intergenerational Income Distribution --- Aggregate Human Capital --- Aggregate Labor Productivity --- Macroeconomics: Production --- International economics --- Labour --- income economics --- Exports --- Labor --- Capital productivity --- Production growth --- Export performance --- Labor economics --- Production --- Economic theory