Explain the export-driven model of economic development. What are the major criticisms
of this model?
The period from about 1970 to 1985 saw the adoption of the export-led growth paradigm by the East Asian Tigers—South Korea, Taiwan, Hong Kong and Singapore—and their subsequent economic success. While an undervalued exchange rate was used to make their exports more competitive, these countries realized that there was a much greater need for foreign technology acquisition in order to compete in auto manufacturing and electronics industries. Much of the success of the East Asian Tigers has been attributed to their ability to encourage the acquisition of foreign technology and to implement it more efficiently than their competitors. Their ability to acquire and develop technology was also supported by foreign direct investment (FDI).
A number of newly industrializing nations in Southeast Asia followed the example of the East Asian Tigers, as well as a number
___ _______ ________ ___ ____ _________ _____ ___ ___.
_________ __________ ________ ____ _____ ___ _____ ___ ________ _______ ______.
___ ______ _________ _______ ________ ________ ___ _______ _____ ________.
___ ________ ________ ___ _______ _________ ____.
________ ____ _______ _____ ______.
___ _______ __________ ______ ______ ______ _________ _____ ____ _________ __________.
_________ _____ ___ ________ _______ ______ ___ _____ ______ __________ _________ __________.
___ ____ _______ _______ ______ ______ ______ ___ __________ __________.
___ _______ ______ ______ ______.
______ ______ _________ _________ _________ __________ _______ ____ ______ _____ _____ _________.
_________ ____ ___ ____ ___ _______.
_________ ____ ___ ____ ______ ____ ________ __________ _______ ______ ________.
______ _______ ______ ___ __________.
___ ________ _____ __________ _______ _______ _________ ____.
______ ___ _______ ________ _____ _____ ________.
_________ _____ ___ _______ ______.
____ _____ _____ __________ ______ ______.
____ __________ __________ ______ ______ _____ _________ _________ ____ ____ ______ ___.
____ _____ _________ __________ _________ ____ _______ ______ ___ ________ __________.
______ ________ _______ _________ _________ ________ ______ _____ _____.
___ ________ ________ _____ __________ ___ ________ ______ __________ _________ ______ ___.
_________ ______ _________ ____ ___.
___ ____ _______ ________ ____ ______ ________.
_________ ____ _________ _______ ___ __________.
___ __________ ____ _________ ____ __________ _________ ______ ____ _______ ______ __________.
_____ ____ _____ ____ ____ _________ ___ _____ _______.
____ _______ _______ __________ ____ ______.
__________ __________ _____ ____ _______ ___ _____ ______ __________ _________.
___ __________ ___ __________ ____ _______ ___.
__________ ___ _____ _____ _________ ____.
__________ _________ ___ _________ ___ _______ _______ ________ _____ ________ ___ _____.
_____ ______ __________ ___ ___ __________ __________ ___.
________ ____ _________ _______ _____ ___ _________ ____.
_____ _______ ________ ______ ____ __________ ____ ______.
______ ________ ________ _______ ____ ____ _________ _____ ______.
__________ ________ ______ ____ ____ ________ ___ ______ ___.
_________ ___ _________ _____ ______ _______ _______ ____ ______.
__________ ______ ___ ________ ______.
______ _______ ______ ____ _________ _______.
__________ _________ ________ _______ ______ _______ _______ ________ ___.
________ _______ _____ ______ ________.
__________ _________ ______ ________ ___.
__________ ___ ___ ________ _________ ________ ______ ______ _____ __________ _______ ____.
__________.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required