• Research Paper on:
    East Asia Export Oriented Industrialization and Flexible Labor Markets

    Number of Pages: 3

     

    Summary of the research paper:

    In three pages this paper examines East Asia in terms of the value of industrialization that is export oriented and labor market flexibility. Three sources are cited in the bibliography.

    Name of Research Paper File: D0_TJEAsia1.rtf

    Buy This Research Paper »

     

    Unformatted Sample Text from the Research Paper:
    the success of the East Asia economic strategy. Countries opting for rapid economic growth and industrialization adopt three successive phases which include import substitution policy, the diversification of exports and  finally an export-oriented industrialization. By including a flexible labor market in addition to export-oriented growth, East Asian countries proceeded towards full employment which increased macroeconomic stability considered a precondition for  continued growth and success. The flexible labor market in East Asia has been important in regards to its strategy during industrialization. Traditionally, the  Asia-Pacific region has held three types of growth strategies of which Southeast and East Asia pursued "outward-oriented strategies" which were open and relied on international trade for promoting industrialization while  the economies and the countries in South Asia pursued more "import-substitutive strategies" and their economies were protected from external competition and industrialization relied upon state-led domestic savings. Lastly, the island  economies of the Pacific were considered open but were dependent on the exports of very few agricultural commodities and were therefore dependent on the international demand and prices for these  commodities (ILO, 2000). The East Asian model has been considered as the accepted framework for the developing countries within the Asia-Pacific region as it is considered the most successful of  all labor and economic strategies in the region and has led to other regions becoming more "outward" or "export" oriented in their approach. The East Asian countries have also managed  a certain degree of macroeconomic stability which is considered "a basic precondition for growth" and "over a long period, they managed to maintain fiscal and current account balances at sustainable  levels so that their economies did not face serious problems of inflation or exchange rate fluctuations" as did their South Asian neighbors (ILO, 2000). One of the major components of 

    Back to Research Paper Results