A 15-yr old column that still reads well. Krugman is a sound economic thinker & writer, confident in his analytic skills. He's no leftist, nor in a full sense a political economist.
http://en.wikipedia.org/wiki/Paul_Krugman#cite_note-129
In a 1994 Foreign Affairs article, Paul Krugman argued that it was a myth that the economic successes of the East Asian 'tigers' constituted an economic miracle. He argued that their rise was fueled by mobilizing resources and that their growth rates would inevitably slow.[121] His article helped popularize the argument made by Lawrence Lau and Alwyn Young, among others, that the growth of economies in East Asiawas not the result of new and original economic models, but rather from high capital investment and increasing labor force participation, and that total factor productivity had not increased. Krugman argued that in the long term, only increasing total factor productivity can lead to sustained economic growth. Krugman's article was highly criticized in many Asian countries when it first appeared, and subsequent studies disputed some of Krugman's conclusions. However, it also stimulated a great deal of research, and may have caused the Singaporegovernment to provide incentives for technological progress.[122]
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