By Pradeep Agrawal
This e-book offers a comparative photo of the restructuring reviews of 5 Asian economies: South Korea, Singapore, Indonesia, Thailand and India. on the subject of Indonesia and Thailand, the focal point is on short-run structural adjustment measures, and when it comes to South Korea and Singapore, the emphasis is on long term business, alternate, labour and fiscal region regulations. The bankruptcy on India perspectives the country's monetary improvement within the mild of the above research. The political economic system of the policy-making approach is tested in each one case.
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Additional info for Economic Restructuring in East Asia and India: Perspectives on Policy Reform
It is probably in that country's interest to acquire the technology to manufacture these components. This might be done through the Japanese firm itself, or through DFI or TLA from the Taiwanese supplier. Broadly speaking, it may be worthwhile to solicit DFI in packages, or to assemble these packages consistent with the linkages inherent to the technology. A second implication of the Korean experience, with its emphasis on linkages, is that competitiveness in an intermediate sector, say steel, increases the competitiveness of user sectors if they have access to technology and finance.
Efficiently functioning financial markets can induce savers to save in the form of financial assets (which can be made easily available to investors) rather than in the form of physical assets such as land, gold, etc. (which cannot be made available to investors). Thus the level of investment, and hence the growth rate of the economy, can be increased. But there is considerable controversy regarding which policies lead to well functioning financial markets. The main policy issues in this regard are whether the structure and ownership of banking, the interest rates and the allocation of credit should be market determined or controlled to some extent by the government.
8 Source: Nam (1988). mineral industries were somewhat smaller, but still noticeable. When the top 30 groups are considered, these two industries show much higher increases in concentration than chemicals and fabricated metal products. Two factors are significant here. Firstly, big groups dominate within each HCI industry. Secondly, groups appear to have significant presences in more than one industry. A distinction can be made here between a large, single-product firm and a large conglomerate.