PAP 3365 Lecture Notes - Lecture 1: Import Substitution Industrialization, Mixed Model, Four Asian Tigers

• School: University of Ottawa
• Department: Public Administration
• Course: PAP 3365
• Professor: Mahmoud Maesali

Document Summary

Emerging economies: brazil, chile, china, colombia, czech republic, egypt, greece, Hungary, india, indonesia, korea, malaysia, mexico, peru, philippines, poland, qatar, russia, South africa, taiwan, thailand, turkey, and the united arab emirates. Right view (capitalist, liberal) - the market economy, capitalist economy, economist liberals. Improve the condition of life, wealth, economic system by relying on the role of private companies. Individual freedom: competition, open gates of international trade, protecting freedom of the market. Left view (socialist) economy is planned by the state: high level of economic growth, economy must play a huge role, centralized model of politics, corrective approach to development, state must play a role. Mixed model: takes aspects of both to create a new modern model. Ex, china follows right view, economically speaking left view, mixed model. Definitions and specifications- how the mixed economeis are defined. Asian tigers are different from this model, new model. Invested huge level of $ in financial infrastructures.