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- Even in Korea, which had already achieved high growth rates before 1985, GNP almost doubled from 1985to 1990,if we measure it in dollars. Since the growth rate of GNP in most Latin American countries was very low after 1985, extending the sample period may change some of the results in the paper.
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- My final comment about the paper is on the sample period of estimation adopted: 1960-85. Although this sample period has been used in most previous studies, it may be somewhat misleading when considering the economic development of East Asian countries. Most East Asian countries achieved remarkable economic development after 1985. For example, in Thailand, GNP in 1990was more than twice the GNP in 1985,in terms of domestic currency.
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