| 8 | Education, equality and economic development in Asia-Pacific economies1 |
| Anne Booth |
Introduction
The literature on the ‘Asian miracle’ which proliferated in the mid-1990s offered a range of explanations for the remarkable growth record of the Asian ‘high performers’, (or HPAEs as they have become known) but almost all the contributions agreed on the importance of education (World Bank 1993: 43, Birdsall et al. 1995: 481, Campos and Root 1996: 56). These authors pointed to the virtuous circle, which they claimed was found in much of East Asia, where education stimulated growth and growth stimulated education. In addition, they claimed that high rates of investment in education lowered inequality, which in turn further stimulated ...
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