Making Sense of the Asian Success Story: An Integrative Framework
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.
Asia, Economic Development, Competitive Advantages
Strategic Management Policy
Organisational Behaviour and Human Resources
WEE, C. H. and TAN, Yip Wei, Gilbert.
Making Sense of the Asian Success Story: An Integrative Framework. (1997). International Executive. 39, (2), 184-184. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/2699
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