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Mean value, government and human development

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The success of several newly industrialized countries has created a renewed interest in the role of government in economic development. In contrast to the industrialization of the West, the government was much more involved during the development process of these east Asian nations. Attempts to address this question of how much government intervention still remains. Uses the human development index to represent the level of economic or human development; and selects four indicators to depict the degree of government intervention. Both empirical evidence and intuitive reasoning seem to support the conclusion that moderate government intervention contributes most to human development.
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Keywords: Central Government; Economic Growth; Industrial Performance; Pacific Rim

Document Type: Research Article

Publication date: April 1, 1997

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