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385 Asia Pacific Essay

720 words - 3 pages

Week 2—Introduction
Project group checkpoint: Think seriously about forming project groups of two to three people. In the tute, you will be given some time to talk with your peers. These project groups will form the basis for working on the group assignment and will be useful in studying unit material (encourage students to preview lectures and tutes). Students in a group should be from one tutorial. In extenuating circumstances a group can be split across tutorials, but all students must agree to attend one tute for the presentation. (For Hobart students, they have to be with the same tutor)
Assignment groups have to be formed by week 3. and the topic have to be decided by week 4. Tutors ...view middle of the document...

What is the role of government in the economic growth and financial crisis of Asia Pacific?
• Heavy involvement of government in economic development and business activities
o Substantial subsidies to businesses
o Direct investment in infrastructure and firms (state-owned enterprises)
o Close relationship between government and businesses (government officials take management positions in firms, direct own or control businesses; marriage; government agencies direct control business activities, etc.)
• The strong support of government to business has been thought as a major contributor to the rapid economic development of some AP countries, particularly Japan and 4 NIEs. This is true to a large extent
• The heavy involvement of government also leads to corruption, over-investment in production, deficiency of effective administration of government, lack of rules in business activities, etc. This is one of fundamental reasons that led to the 1997 Asian financial crisis
• AP...

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