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East_Asian (16) (1)

East_Asian (16) (1) - Export-Oriented Growth in East...

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Export-Oriented Growth in East Asia (Ch 16) 1. Introduction 2. Population and Growth 3. General Characteristics of Growth in the HPAEs 4. The Institutional Environment 5. Government Intervention 6. Asian Model of Economic Growth? Introduction - in contrast to Latin America, East Asia has long enjoyed: a) macroeconomic stability b) income equality c) skilled workforce d) export orientation Key Terms The High Performance Asian Economies (HPAE) : Hong Kong, Indonesia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand The Four Tigers : Hong Kong, Singapore, Korea, Taiwan The Newly Industrialized Economies (NIEs) : a number of Asian and Latin American economies- Argentina, Brazil, Chile, Mexico, Indonesia, Malaysia and Thailand. China? BRIC countries?
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2. Population and Growth Population and GDP for the High Growth Asian Economies, 2005 Average Annual Growth in Real GDP per Person, 1980–2005
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Do outward policies lead to a higher growth? 3. General Characteristics of Growth in the HPAEs a) falling inequality b) accumulation of physical and human capital c) sound macroeconomic fundamentals d) promotion of exports a) Income Inequality
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b) Accumulation of Physical and Human Capital - relationship I – S - high savings rates, which stem from: i)
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