Over the last 50 years, Asia has been the most successful region in the world in terms of rapid economic development. The success of Asia is largely because of the adoption of the (Manufactured) Export-Oriented Growth Strategy or (M)EOGS by one group of countries after another. (M)EOGS, modeled on Japan’s postwar strategy, was successfully followed by the four “Asian tigers” (Hong Kong, China; Singapore; Republic of Korea; and Taipei, China). It was subsequently, adopted by a number of Southeast Asian countries (Indonesia, Malaysia, and Thailand), followed by the People’s Republic of China (PRC) and, more recently, by Viet Nam. The question is: Will this process continue to extend to other countries in Asia, with South Asian countries ultimately becoming the manufacturing export power houses of the future? The answer to the first part of the question is probably yes, and to the second part, probably no—and therefore the need for an alternate strategy. This paper looks at some features of (M)EOGS in East/Southeast Asia, its limitations in the case of South Asia, and then present an alternative development strategy which may be more appropriate for South Asia.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
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Find related papers by JEL classification: O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development O25 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Alan S. Blinder, 2005.
"Fear of Offshoring,"
Working Papers
83, Princeton University, Department of Economics, Center for Economic Policy Studies..
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