Download Industrial Development In East Asia: A Comparative Look at by K. Ali Akkemik PDF

By K. Ali Akkemik

This ebook offers a vast descriptive and quantitative evaluate of commercial guidelines in 4 East Asian economies -- Japan, Korea, Taiwan, and Singapore -- with a distinct concentrate on Singapore. The e-book bargains a accomplished review of the discussions at the notion of commercial coverage in the East Asian context and quantitative tests of those regulations via productiveness analyses and CGE modeling, particularly the place Singapore is involved. It demonstrates proof for the confident function of commercial guidelines and govt activism in welfare advancements and business improvement. Contents: commercial regulations in Japan, Korea, and Taiwan; business guidelines in Singapore; A comparability of business guidelines in Singapore with these in Japan, Korea, and Taiwan; hard work productiveness and hard work Reallocation: The Singapore Case; overall issue productiveness and source Reallocation; productiveness progress and source Allocation: a global comparability of Singapore with East Asia; A CGE version for the Singapore economic system; coverage Experiments for Japan, Korea, and Singapore.

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92–100). Foreign technologies were attracted through the incentives established for the foreign firms in the EPZs. Taiwan is the pioneer country in the world in EPZs where local and foreign firms participate in export activities. EPZs had superior infrastructure facilities and the sale of finished products in the domestic market was strictly prohibited. Foreign investors were provided 100 percent ownership, generous reductions in local content requirements, and tax reductions. EPZs helped promote Taiwan’s exports in high-value-added manufacturing products and facilitated technology transfer.

Young, 1992; Kim and Lau, 1994) found non-existent productivity growth, while some others found that productivity improved in the September 30, 2008 11:53 9in x 6in B-655 b655-ch03 Industrial Policies in Singapore 33 post-1985 era. A large part of other studies that evaluate the post-recession industrial policies and their specific features are descriptive rather than analytic. This book aims to measure the impact of industrial policies of the government and the changes in these policies which took two decades ago on the economic performance of Singapore.

They argue that the government, which needs considerably large information for an efficient allocation of resources, has even less information than banks. As a result, they claim that it is difficult for the governments to maximize social returns through resource allocation. 4. Labor market policies Governments in the Asian latecomers enjoyed industrial relations relatively favorable to industrial development. This was realized by the use of authoritative state power in Korea, where labor movements were deliberately avoided by the government until the 1980s.

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