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The Strategic Dimension of the "East Asian Developmental States"
Ng Chee Yuen, Sueo Sudo and Donald Crone
ASEAN Economic Bulletin
Vol. 9, No. 2 (NOVEMBER 1992), pp. 219-233
Published by: ISEAS - Yusof Ishak Institute
Stable URL: http://www.jstor.org/stable/25770422
Page Count: 15
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This article examines common strategic factors associated with the dynamic economic development of five Asian countries, namely, South Korea, Singapore, Malaysia, Thailand and Indonesia. Despite some obvious differences, these five countries have enough in common that they can be classified as the "East Asian developmental states". The enquiry found that the following factors are critically important in successfully pursuing development strategies: (1) state capacity; (2) mixed-market economies; (3) outward-looking orientation; (4) effective macro-economic policies; and (5) efficient infrastructure. The article concludes that contrary to the neoclassical policy analysis these East Asian developmental states exercise pervasive government intervention.
ASEAN Economic Bulletin © 1992 ISEAS - Yusof Ishak Institute