These countries understood the concept of compared advantages and applied them in practice.
One of the most relevant examples of economic success due to international trade based on imports and exports is Indonesia, which has been able to increase its inhabitants living standards throughout trade activities.
5. Conclusions
The economic status of the southeastern Asian countries was highly disputed along the years. "Analyzes of economic growth have drawn on the experiences of the East Asian newly industrializing countries to highlight the contribution of cohesive and autonomous states in the resolution of market failures."
Whichever the current situation of the countries in southeastern Asia, fact remains that their development is highly interesting to the specialized economist. Their common conclusion remains the strong influence that the states' political...
Several international conferences planned for China were postponed or changed venues Yu p. 91) SARS also had some positive effects in terms of media coverage. Studies claim that the outbreak in 2003 not only emphasized the importance of good media coverage in alerting the international community to epidemics but also "... raised standards of government preparedness and border control." (ibid) The importance of rapid communication and the role of the media
Democratic Transition in Asia Transition and Structural Theories of Democratization Important Asian countries participated in the Third Wave of democratization from the 1970s to the 1990s, including South Korea, Taiwan, Indonesia, Thailand and the Philippines. In China and Burma, there might have been a democratic revolution in 1989-90 had the ruling regimes not suppressed their own people with utmost brutality. This Third Wave, which according to Samuel Huntington started in Spain and
The population in Indonesia is 202,110,000, with people speaking the Javenese language. The religion of Indonesia is Sunni Muslim, and the majority of people there live to be 63 years old, with 1 out of 100 people owning cars. Indonesia is a mixed economy with many socialist institutions and central planning but with a recent emphasis on deregulation and private enterprise. Indonesia has extensive natural wealth, yet, with a large
The trouble is not only in the city of Tianjin but wastewater pollution in China is also found in the east central part of China which is three hundred miles west of Shanghai, lies the Chao Lake and is one of China's five largest freshwater lakes. The major resource of drinkable water supply comes from the Chao Lake. It is also used for an economic as well as an
The year 2003 was marked by a number of natural disasters throughout the world, but none more devastating and threatening than the outbreak of a new virus now known as SARS. In this paper, I will focus primarily on the economic affect of the disease to the tourism industry in Southeast Asia. I argue that the magnitude of the affect SARS had on the tourism industry is attributable to three
One of the most peculiar but significant changes to the global economic and political landscapes of the nineteenth and early twentieth centuries is the shift in manufacturing output. Whereas China and India had once been the manufacturing hubs for many centuries, North America and the Europe experienced the Industrial Revolution and became the global leaders in manufacturing. This change also resulted in a gap in GDP between Asia and the
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now