Economic Trends'in Southeast Asia

Topics: Economic growth, Asia, East Asia Pages: 2 (546 words) Published: April 23, 2013
Graph of the GDP of the east Asian countries
The largest GAP is Singapore, the second largest is Hong Kong, and the smallest is Philippines.

The GDP grow fastest is Taiwan . And China experienced the most volatile growth.

Growth rates for Japan and South Korea
In 1960, Japans has a largest growth rate for highest periods and the lowest growth rate was in 2009. And South Korea has the highest growth rate in 1999, and the lowest growth rate in 1998. 4.

Most of Asian countries grow faster than US. But Hong Kong is not. But Philippines discontinue investment since 2000, so that less than the U.S. And the more slowly GDP growth rate is India.

6. Average percentage of GDP (I/Y) in the Asian countries [pic]
The US was the slowest because any countries were invested more than U.S by average percentage of GDP in 1960 to 2000.

7. Describe economic conditions across East Asia in 1960. How did they compare economically to other developing nations at the time, like Zimbabwe and Iraq?

In 1960, most Asians were got a primary school education, and their economies could feed themself. Koreans worked in a bad environment, but they saved their income to build their country and make it better and better. They surrendered civil liberties and personal freedoms to authoritarian regimes in a national quest for economic development. This kind of phenomenon can be found in all of Asia. Eventually, it successful and transform their country from a poorer country than Zimbabwe and Iraq into a member of the OECD.

8. Why does Schuman argue that the rapid economic growth in East Asian nations since 1960 is “the single most important trend in world history since the end of World War II—with a longer lasting and deeper impact than either the fall of Communism or the war on terror?”

Schuman argues because that the miracle makes Asia more influence in events than it has held for hundreds years. Asian countries started to take a part...
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