Open AccessHow to be an Asian Tiger
Author(s) -
Anis Alam Mr.
Publication year - 1997
Publication title -
the lahore journal of economics
Language(s) - English
Resource type - Journals
eISSN - 1811-5446
pISSN - 1811-5438
DOI - 10.35536/lje.1997.v2.i2.a6
Subject(s) - china , developing country , tiger , development economics , economy , developed country , economic growth , international trade , economics , geography , political science , population , demography , sociology , archaeology , computer security , computer science
In 1995 the Republic of Korea (ROK) was officially admitted to theOrganisation for Economic Cooperation and Development (OECD). Thisorganisation groups together industrially developed countries of the world.Recently, the World Bank has also released a study of China that predictsthat China is going to become the second biggest economy in the nextfifteen years if its economic growth follows the pattern of the last fifteenyears. ROK is the only country from among the developing countries to jointhe ranks of the developed industrialised countries in the last thirty years.However, it is still a small country compared to China. Hence when Chinacompletes its transformation into an industrialised country the whole worldwill be affected.