Class Notes (834,799)
Canada (508,727)
Geography (806)
GEOG 216 (241)
Lecture

Growth of Asian Tigers

2 Pages
127 Views
Unlock Document

Department
Geography
Course
GEOG 216
Professor
Geraldine Akman
Semester
Fall

Description
Growth of Asian Tigers Export-oriented industrialization (EOI) - ‘export enclaves’ (1960s on ) - 1 started HK, Singapore, Korea - To promote exports (trade liberalization + closer ties w/world economy) - Outward-looking - A lot of nats starts w/ISI + when they had sufficient base for exports they switched (former colonies that started to indusz) - Keep flexible market prices (open to international prices) - Open up to international prices, supply + demand set by international markets - Exploit comparative advantage ex: agricul products, cheaper labour, external rates - Large labour size/supply (input for manufacturing) that is mostly un-unionized (large population desperately looking for jobs, aka lower wages) Steps in EOI - State manages agrarian + edu reform (post-WWII, 1960s) - South Korea + Taiwan, larger nats w/sig agricul sectors - Made sure to produce enough to feed own population, so they don’t need to import food before they began exporting - Agrarian reform: large land holdings  switched to small farms  When surpluses produced, invested into better agricul tech, improvement of farms or sold to local markets - Edu reform: better edu + health services - Labour-intensive stage - Producing non-durable goods - Investment-driven stage (FDI + indig/local investment) - Capital as a factor of production - You will not have capital to invest unless you have a surplus to reinvest - 1 way to attain capital: improve agricul exports/FDI, opening economy up to MNCs - Research + development stage (last + most difficult stage) - Create own technologies - Need very highly trained, edu pop - 1 wave of export-oriented markets - Ex: South Korea, Taiwan, HK, Singapore - Latter two = city states acting as regional offshore entrepots + commercial centers  Break of bulk point  Imported into these cities then re-exported out (make $ during transit stage) South Korea as an Example of EOI - 1950s: 1 started w/ISI to create infant export industries (ex: textiles, clothing, non-durable goods) - Labour = cheap + mostly unskilled - 1961+: gov policies change to favour exports - Gov still plays large role in economy - Coordination of public + private secto
More Less

Related notes for GEOG 216

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit