Title

Making Sense of the Asian Success Story: An Integrative Framework

Publication Type

Journal Article

Publication Date

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

Strategic Management Policy

Research Areas

Organisational Behaviour and Human Resources

Publication

International Executive

Volume

39

Issue

2

First Page

184

Last Page

184

ISSN

0020-6652

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