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Asian

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Issue:

Business

 

Written by:

Maria B

 

Date added:

March 25, 2017

 

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Grade:

A

 

No of pages / words:

4 / 946

 

Was viewed:

3761 times

 

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Essay content:

Tariffs can be high on imported manufactured goods and low on imported raw materials. The state exercises much control over economic life in these environments, chiefly through corporations and trading companies. Production is carefully regulated with the object of securing goods of high quality at a low cost, thus enabling the nation to hold its place and wealth in foreign markets...
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The economic performance of the four Asian economies ? Hong Kong, Korea, Singapore, and Taiwan can be attributed to some of these practices. There is a significant degree of overlap between the government and the markets, suggesting that a broad-based approach is useful in understanding the nature of the Asian economy (Chowdhury 42)...
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