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ECN 802 (9)
Lecture 2

Week 2.docx

4 Pages
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Department
Economics
Course Code
ECN 802
Professor
Sabrina Malik

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Description
Week 2What is special about the South Asian region It has a young population high domestic savings rateIndustrial StructureLarge corporations JapanConglomerate structureChina state entrepreneursIndia family owned businesses with professional managementSouth Korea similar to Japancross ownership structure FinancesGreater reliance on debt financingSituations of high leverage for example 65 equity and 35 debt or 60 equity and 40 debtAsian countries were able to withstand greater reliance a situation which is opposite to high leverage through crossownershipRole of the StateIn our region the government became an active partnerDevelopmental roleIdentified key industries of the futureSupport to domestic corporation to move in that directionSupport meant research special loans subsidies and tax breaksJapan1960s success based on the steel industryOil crisis of 1973 and 1982High level electronicsAsian crisis of 19977 to 8 growth
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