Asked by Lawrence Woods on Jul 18, 2024
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The Asian Tigers that have graduated from developing economies to industrial market economies include Hong Kong,Singapore,South Korea,and Taiwan.
Asian Tigers
Refers to the economies of Hong Kong, Singapore, South Korea, and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates in the second half of the 20th century.
Industrial Market Economies
Countries or regions characterized by industrialized economic systems based on market principles, where goods and services are produced and exchanged according to supply and demand.
Hong Kong
A Special Administrative Region of China known for its vibrant economy, bustling port, and status as a global financial center.
- Identify the advantages and disadvantages of economic policies such as privatization, export promotion, and import substitution in emerging markets.
- Identify the obstacles and advantages of trade liberalization and free trade agreements in emerging economies.
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Learning Objectives
- Identify the advantages and disadvantages of economic policies such as privatization, export promotion, and import substitution in emerging markets.
- Identify the obstacles and advantages of trade liberalization and free trade agreements in emerging economies.
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