East Asia is a diverse region housing some of the largest...

East Asia is a diverse region housing some of the largest nations in the world as well as some of the smallest. Remarkably, over the past 20 years, the region of East Asia has experienced overwhelming success and growth rates. East Asia currently ranks as one of the top regions in the world in terms of economic success and growth. According to Thomas Leipziger, (Leipziger, 3) The East Asian countries have a record of maintaining political and economic stability and of pursuing long-term economic goals. The success of East Asia has led to much scrutiny over the role of the Government contributing towards its success. Although there might be many factors involving the success of East Asia, it is reasonably fair to say that†¦show more content†¦The key indicators of macroeconomic stability are factors such as low inflation, reasonable tax rates, low deficits, and a stable, competitive currency. These factors are also necessary for long-term growth. This proves that macroeconomic stability is essential and needful for sustained growth in an economy. The countries of Singapore, South Korea, Taiwan, and China, have become top rankers in terms of success and wealth globally. The author will explore the success of each individual nation and explain how their governments’ role has played a part in their success. Singapore is one of the world’s most highly developed countries. It is also one of the least corrupt countries worldwide. This is mainly due to its government’s efficiency in running its tiny little island state. The government of Singapore tightly controls the nation’s economy and infrastructure. Being a small country with very little to no natural resources, Singapore has to rely on its trading as part of its main source of revenue. The Government has managed to strengthen its trade ties worldwide and boasts one of the busiest transhipment ports in the world. The Government also focuses on large high-level domestic savings through the implementation of the Central Provident Fund or the CPF, in which its citizens are required to save a portion of their income in order to prepare for their own future needs. The government’s emphasis on mandatory education has also enabled theShow MoreRelatedDried Bamboo Leaves as an Alternative Source of Paper2723 Wo rds   |  11 Pagesare distributed in many parts of the world. There are more than 1200 species of 50 genera of bamboo. There is approximate 22 million ha bamboo forest area worldwide that can be divided into three big divisions e.g. Asia and Pacific, America and Africa. China, India, Southeastern Asian nations, some of nations of Africa and Latin America are rich in bamboo resource (Zhou 1998). Among them, China is richest of bamboo forest because of locating at the center region of bamboo distribution. In China, thereRead MoreEconomy of the Philippines7166 Words   |  29 Pageseight countries that comprise Southeast Asia. A mass of thousands of islands, the country has been struggling to obtain true democracy and freedom for its citizens. After a review of the political history and demographics of the country, an in-depth analysis of the economic condition of the Philippines will be explored. Appendix A contains a map of the Philippines by different cultural regions. Econo mic topics will include Fiscal and Monetary policies, as well as a review of the peso. Next, significantRead MoreTaking a Look at Papua New Guinea3227 Words   |  13 PagesApproximately 100 miles (160km) north of Australia, situates the second largest island in the south pacific called Papua New Guinea; occupying the eastern half of the rugged tropical island of New Guinea and some 700 offshore islands. With its comparative area size slightly larger than California, Papua New Guinea is about 287,595 miles in total area, of which 281,394 miles is land and 6,201 miles is water and accumulative of 3,201 miles of coastline. The central part of the island is composed ofRead MoreTerm Paper-Lowes Bd 10-Year3567 Words   |  15 PagesIntroduction As Lowe’s seeks new international markets to expand its highly successful home improvement model, the opportunities in the Asia market provide a unique untapped region. In Korea, recent political changes have opened its economy to foreign investors and businesses. Korea’s strong economic growth provides Lowe’s with the ideal situation of opening up stores before their competitors. Based on research I conducted, this assessment considers the potential of expanding Lowe’s into the KoreanRead MoreImpact Of The Neoliberal Era And The Structure Of The Modern Financial System3397 Words   |  14 PagesIntroduction The 1982 Latin America, 1997 East Asia and 2008 subprime financial crisis had a profound impact on the regional and world real economy. two sentences about how big of an impact each of them had on the real economy. These crisis have also triggered off a very fierce debate about the impact of the neoliberal era and the structure of the modern financial system. From the neoclassical perspective each of these crisis required a new model to explain past events but it always viewed the crisisRead MoreCaterpillar Company Analysis Essay4206 Words   |  17 PagesCaterpillar Inc. Caterpillar Incorporated is the world’s largest producer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. Caterpillars headquarters are located in Peoria, Illinois,  United States. The company operates in three principal lines of business: machinery, engines, and financial products. The machinery segment includes the design, manufacture, marketing, and selling of all kinds of machinery such as; tractors, forestry and mining machineryRead MoreBusiness in Hong Kong Essay7716 Words   |  31 PagesHong Kong Moultre Spencer BUSI 604-International Business August 16, 2013 Presented for Frank Romanoski Abstract Hong Kong is a country with a perspective on morals, values, and administrative ways which is a general reflection of the region of Asia which is based under Chinese rule. There are successes and failures with the process of change which are important. The effects of Hong Kong’s financial crisis can be a recovery with structural changes, and fluctuated fortunes of political partiesRead MoreSingapore- Essay6469 Words   |  26 Pagesprimary rainforest remaining, although more land is being created for development through land reclamation.Singapore is the world s fourth leading financial centre, and its port is one of the five busiest ports in the world. The British obtained sovereignty over the island in 1824 and Singapore became one of the British Straits Settlements in 1826. Occupied by the Japanese in World War II, Singapore declared independence, uniting with other former British territories to form Malaysia in 1963, althoughRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 PagesLinda Shopes, eds., Oral History and Public Memories Tiffany Ruby Patterson, Zora Neale Hurston and a History of Southern Life Lisa M. Fine, The Story of Reo Joe: Work, Kin, and Community in Autotown, U.S.A. Van Gosse and Richard Moser, eds., The World the Sixties Made: Politics and Culture in Recent America Joanne Meyerowitz, ed., History and September 11th John McMillian and Paul Buhle, eds., The New Left Revisited David M. Scobey, Empire City: The Making and Meaning of the New York City Landscape Read MoreMuseums Essays10752 Words   |  44 Pagespeople understand and appreciate the natural world, the history of civilizations, and the record of humanity’s artistic, scientific, and technological achievements. Museums collect objects of scientific, aesthetic, or historical importance; care for them; and study, interpret, and exhibit them for the purposes of public education and the advancement of knowledge. There are museums in almost every major city in the world and in many smaller communities as well. Museums  offer  many  benefits to their visitors