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Essay / Research Paper Abstract
This 8 page paper examines how the adoption of labour intensive export manufacturing assisted the growth of the East Asian Tigers economies. The paper considers the reasons behind the growth and how it took place in order to assess the role played by labour intensive export manufacturing industries in stimulating the economic growth of the area. The paper singles out Taiwan as an example. The bibliography cites 6 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEeastasia.rtf
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Unformatted sample text from the term paper:
have transformed themselves over the last few decades with rapid growth and the fastest ever seen industrial revolutions (The Economist, 1991, Rowher, 1993). There are many theories of growth,
many focus on the style of intervention adopted by the countries governments, the low interest rates the position of exchange rates and the emphasis on exports. There are many views,
but even following the 1997 crash and the subsequent recovery these economises are still impressive. It can be argued that a root factor of the economic development were the labour-intensive
export manufacturing industries. If we look at the trading patterns there is little doubt that there has been a significant increase in the area. Companies are attracted by the
lower costs and the skills that are already there. However, this was not always the case, and to consider how the economies began the development cycle we have to look
to the past. There are many theorists that argue for an economy to develop there should be a commitment to market forces and a free market economy. However, it is
generally agreed that had the East Asian countries such as Taiwan would not have seen this level of growth had they followed the free market model (The Economist, 1991). Hong
Kong did follow a free market model, but as the islands were under lease to the UK they had a culture of capitalism and the same shock would not have
been felt (The Economist, 1991). In other areas the economies have been guided by expert advisers in government, but at the same time there has also been a commitment towards
private property and free markets (The Economist, 1991). However, control is also a factor that can constrict an economy if used to much as was the case in India (The
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