Publication Type

Journal Article

Version

acceptedVersion

Publication Date

3-1997

Abstract

The article focuses on Asian countries that have experienced economic growth over the past 50 years including Hong Kong, China; Japan; Singapore; South Korea and Taiwan. With the exception of Hong Kong, the economic success of the Asian countries has been attributed to the interventionist framework. Export-orientation is one strategy that is most associated with the success of the five Asian countries. The export-oriented strategy helped the five Asian countries in many ways. The ensuring growth of employment enabled the country to save and accumulate capital for reinvestment. The export-oriented strategy also positively affects the competitive advantages of the country. There are other non-economic factors, such as culture, the need to survive, strong government, historical factors and even luck, that could have helped in the development process of these countries. Policy-makers must know how to use the total-systems approach to solving economic problems. In other words, policy-makers must know how to analyse their economies as complex systems.

Keywords

Asia, Economic Development, Competitive Advantages

Discipline

Asian Studies | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

International Executive

Volume

39

Issue

2

First Page

161

Last Page

184

ISSN

0020-6652

Identifier

10.1002/tie.5060390206

Additional URL

https://doi.org/10.1002/tie.5060390206

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