Final Paper - Balloga 1 Abram Balloga ECON 4730 Final Paper Staple Theory and Catching up Process My research paper will analyze south East Asian

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Balloga, 1 Abram Balloga ECON 4730 Final Paper 12/5/08 Staple Theory and Catching up Process My research paper will analyze south East Asian economies and the catching up process through the lens of Staple Theory. A staple economy is one relying on one or more crucial exports for which the domestic economy has a strict competitive advantage. In these cases, a staple is derived from enormous quantities of a specific natural resource. For example, Saudi Arabia’s staple export is of course oil, like many other middle eastern economies. The staple export is mass produced, and many other sectors of the domestic economy begin to rely heavily on the success and sustainability of the staple, which sets the pace for economic growth. In the case of the NIE’s, I am exploring low labor costs as the staple resource. As labor is an input to production I will consider it in this way, even though workers are not actually exported to other countries, they are largely the basis of NIE export led growth. My paper
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This note was uploaded on 06/25/2009 for the course ECON 4730 taught by Professor Henrywan during the Fall '08 term at Cornell University (Engineering School).

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Final Paper - Balloga 1 Abram Balloga ECON 4730 Final Paper Staple Theory and Catching up Process My research paper will analyze south East Asian

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