20min chapter

New Books in Economics cover image

Arvid J. Lukauskas and Yumiko Shimabukuro, "Misery Beneath the Miracle in East Asia" (Cornell UP, 2024)

New Books in Economics

CHAPTER

Unpacking East Asia's Economic Growth

This chapter critically examines the celebrated economic growth of East Asian nations while highlighting underlying social issues such as poverty, homelessness, and child maltreatment. The authors argue for a balanced understanding of economic success that includes pressing social challenges, advocating for holistic policymaking in emerging markets. By discussing interconnected policy areas and macro-level factors, the chapter emphasizes the inadequacies of existing social welfare systems amidst rising socioeconomic risks.

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