Chapter 3 The strategy for growth
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This chapter traces the historical development of East Asia's growth strategy and how economic nationalism became an interpretive schema to define a set of shared assumptions, core values and frames of reference. Having dictated the early adoption of social policy, this once hegemonic paradigm became increasingly challenged as each economy entered the period of post-industrialisation. A growing level of inequality directly challenged the East Asia's famous growth with equity model. East Asia's emphasis on equality in opportunity made sense because economic growth improved life chances. Yet this is increasingly inadequate because economic gains are not shared equitably while opportunity structures are changing. All this has put pressure on a growth paradigm as a hegemonic idea.

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