ECONOMICS NOTE SS3

ECONOMICS NOTE Definition ; COMPARATIVE ECONOMICS Comparative- involving comparison; estimated by comparison. It is the economic analysis of countries. It involves the comparison of economics system with (in particular) the economic analysis of socialism in, its different forms. In the last 15 years, the main focus of interest of comparative economists has been the transition from socialism to capitalism. In recent years, mostly as a result of the transition experience, a new orientation of comparative economics (has emerged that) focuses on the comparison of the economic effects of the various institutions of capitalism. This new orientation is a natural development following the diverse experience of transitions from socialism to capitalism. The transition experience has indeed shown the importance of institutions in the process of economic development.
Economic Lessons From Asian Tigers, Japan, Europe and America
-Definition of Asian Tigers
-Characteristics of the Tiger Economies
-The development strategies of Asian Tigers, Japan, Europe & America. ( The differences between them).
-Factors that account for the rapid development of these South-East Asian countries
-Economic History of the Asian Tigers and Japan between 1960-2000
-Meaning of Japanese ( Economic Miracle)
-Lessons for the Nigerian Economy
Four Asian Tigers
The high growth economies of
-Hong Kong
-Singapore
-South Korea
-Taiwan
The four Asian Tigers consistently maintained high levels of economic growth, since 1960’s, fuelled by exports and rapid industrialisation, which enabled these economies to join the ranks of the worlds richest nations. However they were noted for maintaining high growth rates and fast industrialization between 1960s and 1990s.
Hong Kong and Singapore are among the biggest financial centres worldwide, while South Korea and Taiwan are important hubs of global manufacturing in automobile/ electronic components and information technology respectively (In the 1960s, where