Here is the synopsis of our sample research paper on The Importance of Flexible Labor Markets and Export-Oriented Industrialization in East Asia
. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This is a 3 page paper discussing the importance of the flexible labor market and export-oriented industrialization in East Asia. The flexible labor market and the shift to export-oriented industrialization which is highly labor intensive are two to the major components in regards to the success of the East Asia economic strategy. Countries opting for rapid economic growth and industrialization adopt three successive phases which include import substitution policy, the diversification of exports and finally an export-oriented industrialization. By including a flexible labor market in addition to export-oriented growth, East Asian countries proceeded towards full employment which increased macroeconomic stability considered a precondition for continued growth and success.
Bibliography lists 3 sources.
Page Count:
3 pages (~225 words per page)
File: D0_TJEAsia1.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the success of the East Asia economic strategy. Countries opting for rapid economic growth and industrialization adopt three successive phases which include import substitution policy, the diversification of exports and
finally an export-oriented industrialization. By including a flexible labor market in addition to export-oriented growth, East Asian countries proceeded towards full employment which increased macroeconomic stability considered a precondition for
continued growth and success. The flexible labor market in East Asia has been important in regards to its strategy during industrialization. Traditionally, the
Asia-Pacific region has held three types of growth strategies of which Southeast and East Asia pursued "outward-oriented strategies" which were open and relied on international trade for promoting industrialization while
the economies and the countries in South Asia pursued more "import-substitutive strategies" and their economies were protected from external competition and industrialization relied upon state-led domestic savings. Lastly, the island
economies of the Pacific were considered open but were dependent on the exports of very few agricultural commodities and were therefore dependent on the international demand and prices for these
commodities (ILO, 2000). The East Asian model has been considered as the accepted framework for the developing countries within the Asia-Pacific region as it is considered the most successful of
all labor and economic strategies in the region and has led to other regions becoming more "outward" or "export" oriented in their approach. The East Asian countries have also managed
a certain degree of macroeconomic stability which is considered "a basic precondition for growth" and "over a long period, they managed to maintain fiscal and current account balances at sustainable
levels so that their economies did not face serious problems of inflation or exchange rate fluctuations" as did their South Asian neighbors (ILO, 2000). One of the major components of
...