East Asian Miracle Economic growth is the result o -

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East Asian Miracle: Economic growth is the result of government intervention and protectionism, it?

And Weinstein found that Japan's industrial policy did not bring about the rapid development of the industry, and sector growth and government support = actually exists between the inverse relationship on a solid brew. (The role of low-interest loans as a supplement for a net 0.3 0.1 0.3 trade protection as a duty-free a O.6). Korea's experience has proved too costly to be implemented deaf. The mid-80s, in order to support the 78 bankrupt companies,[link widoczny dla zalogowanych], the Korean government rushed wrong,[link widoczny dla zalogowanych], the weight of billions of dollars in loans Gan. Inefficient because the bank provides loans to enterprises inefficient policy issues remain unresolved. It is noteworthy that, in the 80's, the government subsidies to loss-making enterprises aroused workers demand wages at double-digit pour 26.1997 than 4 liters of desire. In Taiwan, after twenty years of government hostage, the auto industry in the export market is still unhelpful. Interventionist role in industrial policy, another cut is; it will discourage potential blue chip companies and stifle innovation. MITI's industrial policy for the development of a number who became the star of the world market the development of enterprises. Honda's development experience is - a good example of the practice of election to earn stars gourd failed in many countries. As for their own interests, private investors the choice of investment objects more than the Government to seriously mattress. If the government instead encouraged, but not kidnapped infant industries to pursue the policy of most carp hope that these industries become competitive export industries, but in fact, the heavy chemical industry information back to the South Korean government is they do not achieve the expected results, because these new industries are rarely access to lucrative export earnings. Therefore, the enterprise is difficult under the government's long-term protection to themselves exempt from the pressure of international competition. From this point of view, the export competitiveness of the market to become test-governmental organizations, governments and enterprises cable clear Head Tochigi | should be Hui is to export as a business purpose of the final soil. lessons learned from the development process of East Asia, sleet can clearly see that a policy of continuous slightly outward-oriented trade war was a great success. This also shows that other development countries should also adhere to the one designed to integrate with the global market development strategy, and doctrine should not be applied seal Wing. on the feasibility of this strategy, the export pessimists doubt it. They believed that the strong export-led development strategy work leek Sooner or later, will be eliminated, because the labor-intensive products in the market is limited, and they are also protected by the industrialized countries who dare to policy constraints. pessimist, but t just stay on the opportunities of empirical data on the surface, but they ignore the international dynamic characteristics of trade. Pina East Asia's exports finished products to the industrialized countries to obtain a stable growth t more gratifying, they are among the industry trade has begun to appear. East Asian economic growth policies in the QI intervention and protection were also Obviously, this intervention is still used in developing countries in Asia such as China t. However, Stoneman will be a free trade area in 2003 indicated they were aware of the free trade arrangements will bring huge benefits. In addition in some fast-growing East Asian countries. interventionism Pat gradually lost its appeal New Earth, particularly in Japan and South Korea t they are instant rice to reform t want to play a greater role of market mechanisms Pina t especially in the financial field. Other countries in the use of hair morning growth strategy of intervention should carefully consider the following three related problems; first, the East Asian development experience has shown that the Government may be in the selection of core expensive. Of particular note is that, for political or other pressure or due to lack of butterfly. EastGate motivation, high-profit sector, government investment and rely on market forces to reduce the risk of inappropriate allocation of resources. Second, the implementation of this strategy, another problem is expanding the domestic market closed group, to encourage exports,[link widoczny dla zalogowanych], has a large trade surplus could lead to some of today's international trade is not quite accustomed to hunting phenomenon, and most likely to cause major Yin trading partner's dissatisfaction. What is more, those who rely on international trade in the country to achieve growth by squeezing into the day ended Qi openly, it could lead to trade retaliation. Finally, the more developed East Asian countries t politicians have recognized the t industrial policy may help some enterprises,[link widoczny dla zalogowanych], but also buds with mouth injuries required a higher level of innovation and dedication. As we all know,[link widoczny dla zalogowanych], in the modern world, some measuring jaw opening feeding the development of industrial enzymes (such as electronics and biotechnology) require the development of a competitive environment, face it only the free market can meet. Qi things translated 'Business Economics) April 1997 Lieutenant Colonel Yue No.

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