Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Making Sense Of The Asian Success Story: An Integrative Framework, Chow Hou Wee, Gilbert Tan
Making Sense Of The Asian Success Story: An Integrative Framework, Chow Hou Wee, Gilbert Tan
Research Collection Lee Kong Chian School Of Business
The article focuses on Asian countries that have experienced economic growth over the past 50 years including Hong Kong, China; Japan; Singapore; South Korea and Taiwan. With the exception of Hong Kong, the economic success of the Asian countries has been attributed to the interventionist framework. Export-orientation is one strategy that is most associated with the success of the five Asian countries. The export-oriented strategy helped the five Asian countries in many ways. The ensuring growth of employment enabled the country to save and accumulate capital for reinvestment. The export-oriented strategy also positively affects the competitive advantages of the country. …