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Essay text:
Now among the world's most dynamic industrialised economies, the NIE's of Singapore, Taiwan Hong Kong, and South Korea which will be the focus, stand as perhaps the best examples of successful economic development. The economic development of South Korea, which has been among the most rapid in the world is typical of the ?miracle' that is the NIEs.
Korea has come far since the days it was ?a nation of hungry rice farmers', by pursuing an industrialisation-led development commitment since 1961, which has since produced annual GDP growth of 8.4% per annum, second only to China. The success of South Korea, has been identified by a number of factors including the shift away from import substitution strategies towards export orientated industrialisation, and the effective managing of the economy and authoritarian rule adopted by the government in order to accelerate the pace of capital accumulation, technical progress and structural change to produce economic growth beyond what could possibly occur in a free market economy...
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Common topics in this essay:
- Exchange Rate and Balance of Payments
- Foreign Direct Investment And Foreign Trade Regimes
- Direct Foreign Investment
- foreign direct investment
- Foreign Direct Investment
- What is Foreign Direct Investment (FDI)?
- Foreign Direct Investments
- FOREIGN DIRECT INVESTMENT IN MEXICO (FDI)
- Inviting Foreign Direct Investment
- Analysis of Foreign Direct Invesment
- Foreign Exchange
- Foreign Exchange
- Foreign direct investment - China & India
- The Determinants Of Inward Foreign Direct Investment In China
- Foreign Exchange Markets
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