To what extent are the “Asian economies” similar to and different from each other? Compare and contrast the "Asian economies" as discussed in class, including Japan, Korea, China (East Asia), Thailand, Singapore (Southeast Asia), and India (South Asia).
Part 2. Short-answer questions. In a few sentences (max. 10) answer THREE of the following questions. Make sure to clearly indicate which questions you are answering. Your answer should reflect the reading. (5 Points Each)
What characterizes China's economic reform after 1978?
How did Singapore successfully attract high-quality FDI (foreign direct investment) for most of the years following its independence in 1965?
How does the "weak state" theory explain Thailand's failure in the 1997 Asian financial crisis resolution?
According to traditional Marxist economists, what could account for India's lack of industrialization for most of the years following its independence in 1947?
Sample Solution