About this document
How Asia Works: Economic Insights by ralph_atmosfera is a document available to read on EtoBox.
Joe Studwell outlines a 3-step roadmap that North East Asian countries followed to become economic powerhouses: 1) Reform land ownership to benefit small farmers, 2) Incentivize exporting in manufacturing to develop global champions, 3) Maintain control of the financial system to support industrial goals rather than rent-seeking. Southeast Asian countries failed to implement serious land reform or industrial policies focused on exporting, resulting in bubbles and underdevelopment.
- Author
- ralph_atmosfera
- Language
- EN