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the asian financial crisis revealed the unmistakable flaws of the asian model of development. the root cause of the crisis was that governments in the region were interfering in the market to an excessive and counterproductive degree. furthermore, the export-led model is now no longer sustainable, sincer international markets are already saturated. even if other countries could replicate what east asia has done, they would be foolish to even try.
the asian model of development is not replicable because it is based on so many special factors and circumstances that were unique to east asia. the model is simply not relevant to the economic aspirations of the rest of the developing world.
the asian model of development is not replicable because it is based on so many special factors and circumstances that were unique to east asia. the model is simply not relevant to the economic aspirations of the rest of the developing world.
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Originally posted by sinthetiq
the asian financial crisis revealed the unmistakable flaws of the asian model of development. the root cause of the crisis was that governments in the region were interfering in the market to an excessive and counterproductive degree. furthermore, the export-led model is now no longer sustainable, sincer international markets are already saturated. even if other countries could replicate what east asia has done, they would be foolish to even try.
the asian model of development is not replicable because it is based on so many special factors and circumstances that were unique to east asia. the model is simply not relevant to the economic aspirations of the rest of the developing world.
the asian financial crisis revealed the unmistakable flaws of the asian model of development. the root cause of the crisis was that governments in the region were interfering in the market to an excessive and counterproductive degree. furthermore, the export-led model is now no longer sustainable, sincer international markets are already saturated. even if other countries could replicate what east asia has done, they would be foolish to even try.
the asian model of development is not replicable because it is based on so many special factors and circumstances that were unique to east asia. the model is simply not relevant to the economic aspirations of the rest of the developing world.