Negocios Internacionales
Hong Kong (China), Taiwan, Singapore and South Korea.
Malaysia, Indonesia, Thailand and the Philippines
Life expectative vs. Income per person (GDP)
Index of Quality of Life: a social welfare indicator constructed with three variables, infant mortality, life expectancy and literacy rate. On a scale ranging from 1-100 the four dragons have rather highvalues obtained (Korea 85, Singapore 86, Taiwan and Hong Kong 87 95), the average for developed countries is 94, which has been showing good results of the dragons.
Length of the workday: high number of hours worked weekly. The entertainment continues to have a very high price in NPIAS.
Domestic consumption structure of South Korea has a less diversified consumption pattern that Hong Kong andSingapore.
Urbanization, population growth and immigration have contributed to large urban agglomerations. The lack of infrastructure, the, problem of housing, high levels of noise and pollution greatly determine the quality of urban life.
Together these countries have a huge gap between the spectacular economic growth of recent decades and the levels of material well-being through thepopulation. These countries experienced a large deficit in physical and social infrastructure due to poor public action in this regard.
External sector vs. Income per person (GDP)
Dragons have followed a development model based on exports. One reason why this projection abroad has been so pronounced is its small size, which prevents them from adopting a model based on self-sufficiency self-sufficientwould entail high costs (internal market of small size and scarcity of resources). Following this line, the Dragons have used a strategy of export promotion has led them to obtain excellent results in the balance of payments and the achievement of economies of scale.
Its market has been constituted for a long time by the United States, which absorbed a large share of exports.
Comes to shopping,dragons are large importers. The amount in total world imports rose from 2.7% in 1970 to 9% in 1992, bringing the total value of 267.423 billion in 1990 dollars (Taiwan 54696, 69585 Korea, Hong Kong and Singapore 82495 60 647) than Japan's. Degree of openness is therefore very high, arriving in Singapore in 1992 to 300%.
The external debt has not been a problem for the Dragons, except for Koreaopted for this type of debt in an amount greater than the rest of his teammates. As a result, the monetary shock of the early eighties, produced by the growth of interest rates and the appreciation of the dollar, were not affected too much. Neither was great the impact of the widespread decline of world trade in the years 80 (in Singapore's manufacturing sector grew by 10%, supported mainly by theexport of computer disk drives).
Raw material vs. Income per person (GDP)
The greatest difficulties faced by dragons are the raw materials, mainly food and energy, derived from its tiny extension.
Food imports account for 5 to 6 percent of all fuel importing and include 16% for Korea and Singapore, Taiwan 9% and 2% for Hong Kong.
The green revolution, involving the use of hybrid seeds ofhigh yield, fertilizers, pesticides and other inputs chemicals or so-called biotechnology, developed after World War 2 by rising food prices, has ensured that countries developing as were Taiwan and Korea have come to increase production to reach self-sufficiency (at least in cereals, leading to export rice), and limit imports. Fishing is a game more or less important export for Korea (operatesseveral grounds in Argentina), but suffers a downturn.
But the exporter has been Taiwan's most important agricultural product. Since the mid 50's became the leading exporter of canned mushrooms and asparagus, also providing large quantities of bananas and canned pineapple, improving its trade balance and a little more dynamic growth.
Singapore (like Hong Kong), by contrast, must import almost all...
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