The Changing Economies of Asia

Powerful Essays
BUS272
The Changing Economies of Asia

Unit Information and Learning Guide

Semester 1, 2014

This information should be read in conjunction with the online learning materials which can be found on your MyUnits page.

Unit coordinator
Name: Professor Malcolm Tull
School: Management and Governance
Phone: +61 8 9360 2397
Email: M.Tull@murdoch.edu.au

© Published by Murdoch University, Perth, Western Australia, November 2014.

This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior written permission of the publisher.

Contents

Unit information

Information about the unit 4
Contact details 5
How to study this unit 6
Resources for the unit 8
Study schedule 10
Assessment 11

Learning guide

Introduction 17
Topic 1 Modern Economic Growth and the Characteristics of NIEs 18
Topic 2 Theoretical Perspectives 22
Topic 3 The State versus the Market 25
Topic 4 Trade, Export-Led Growth and Regional Integration 28
Topic 5 Agriculture and Fisheries 31
Topic 6 Industrial Policy 34
Topic 7 Foreign Investment, Multinational Corporations 36
Topic 8 Financial Markets and Corporate Governance 38
Topic 9 Labour Markets 40
Topic 10 The Environment and Economic Growth 42
Topic 11 The NIEs – A Case of Growth with Equity? 44

Information about the unit

Welcome to:

BUS272
Changing Economies of Asia

Unit description

This unit involves a comparative examination of the development and economic performance of selected Asian economies. The spectacular performance of some Asian economies has shifted the world balance of economic power and has major implications for all trading nations. Topics covered include growth theories, the Asian economic crisis and its

You May Also Find These Documents Helpful

  • Powerful Essays

    This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior written permission of the publisher.…

    • 2104 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    The economic success of the East Asian countries has inspired many economists to study the background of their rapid growth. Interestingly, different economists interpret this success in entirely different ways. During the…

    • 6627 Words
    • 27 Pages
    Powerful Essays
  • Powerful Essays

    publication may be reproduced in any form for any purpose without the written permission of the…

    • 11604 Words
    • 86 Pages
    Powerful Essays
  • Good Essays

    Starbuck

    • 862 Words
    • 4 Pages

    - The dramatic growth in Asian. In 20th century and the next coming period, Asian is predicted to develop quickly and may be become one of the biggest economies in the world with young population, abundant natural resources, stable political environment and high living standard……

    • 862 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    The material in this communication may be subj ect to copyright under the Act. Any further…

    • 2942 Words
    • 12 Pages
    Powerful Essays
  • Best Essays

    In 1994 the World Bank described Singapore as the most successful economy in the world and moved Singapore from a third World country to a First World nation within a generation.…

    • 3507 Words
    • 15 Pages
    Best Essays
  • Good Essays

    time. As time progresses, countries seem to be able to grow at a much more rapid…

    • 537 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Economic Life of Asia

    • 2907 Words
    • 12 Pages

    The economy of Asia comprises more than 4 billion people (60% of the world population) living in 46 different states. Six further states lie partly in Asia, but are considered to belong to another region economically and politically.…

    • 2907 Words
    • 12 Pages
    Good Essays
  • Satisfactory Essays

    This article throws cold water on the enthusiasm about Asia’s economy boom to most economists. There are two aspects should be seriously considered when assessing economic growth: the increase in inputs and increases in the output per unit of input which so called efficiency. The author compares Soviet Union to other Asia countries which infer Asian growth seems to be driven by extraordinary growth in inputs rather than by gains in efficiency. This growth will be slow down at last because the ability to mobilize resources but not use them efficiently and the basis of input-driven are not the real economy prosperity. For this aspect, I totally agree with Mr. Krugman. He is objective instead of following the others.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Until a few years ago one could not open the pages of a public affairs magazine without running into a commentary claiming for example that ¡®Asian countries have developed a new and superior form of capitalism that is beating the pants off Western, free market economies¡¯ (Altfest, 1998). Between 1965 and 1990 the economy of East Asia grew faster than all other regions of the world, roughly three times as fast as other developing regions and twenty-five times faster than Sub-Saharan Africa. The export performance of these East Asia economies has been particularly dramatic, with their share of world exports of manufactures leaping from 9 per cent in 1965 to 21 per cent in 1990, thus significantly outperforming the industrial economies and the oil-rich Middle East-North Africa region (World Bank, 1993). Most of this achievement was attributable to six economies: Japan, Hong Kong, the Republic of Korea, Singapore, Taiwan, and China; and the three newly industrializing economies of South East Asia, Indonesia, Malaysia, and Thailand.…

    • 4658 Words
    • 19 Pages
    Good Essays
  • Good Essays

    In the past forty years, specific countries in East Asia have presented a sustained economic growth in comparison to others globally. These eight countries are Japan, Singapore, Hong Kong, South Korea, Taiwan, Indonesia, Malaysia, and Thailand. They are referred to as the high performing Asian economies (HPAEs) because of their miraculous growth in the past several decades (World Bank, 1993). Macroeconomic stability is one of the factors that contribute to their success. According to the World Bank (1993), macroeconomic stability was defined as keeping inflation under control, managing external debt well, and resolving macroeconomic crises quickly. How such stability is manifested in these countries is discussed in this paper. Their focus on education was the driving force of the HPAEs’ success.…

    • 1142 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Unit Guide

    • 2750 Words
    • 11 Pages

    This publication is copyright. Except as permitted by the Copyright Act no part of it may in any form or by any electronic, mechanical, photocopying, recording or any other means be reproduced, stored in a retrieval system or be broadcast or transmitted without the prior written permission of the publisher.…

    • 2750 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    COPIES MAY NOT BE MADE WITHOUT PERMISSION. NO PART OF THIS PUBLICATION MAY BE COPIED, STORED,…

    • 6437 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    No part of this document may be reproduced in any form without the permission of the copyright holder.…

    • 3304 Words
    • 14 Pages
    Good Essays
  • Powerful Essays

    No part of this document may be reproduced in any form without the permission of the copyright holder.…

    • 15674 Words
    • 63 Pages
    Powerful Essays