Eight High Performing Asian Economies The Four Tigers Essay

Eight high performing Asian economies (HPAEs)-Japan; the four tigers: Hong Kong, the Republic of Korea, Singapore, and Taiwan; and the three newly industrializing economies (NIEs) of South- east Asia, Indonesia, Malaysia, and Thailand have achieved tremendous economics growth in the last forty years of development, because of east asia has a remarkable record of high and sustainable economic growth between 1965 to 1990 its 23 economies grew faster than those of all other region. This achievement is attributable to seemingly miraculous growth in. Hong Kong is a small region of china ,whose area is 1,045km2 and it manage to increase the grown rate up to 6 percent per capita , while 1961 to 1966 , The freedom of the Hong Kong has†¦show more content†¦Evolving public- private forum was a technology centre , an incubator concept borrow from singapore and taiwan to generate business startups. The centre represents an intense and direct new governmental involvement in industrias policy. Hong Kong government had no formal strategy for its own IT Investment and adoption, and its still lacks a comprehensive information industry development policy as in singapore and taiwan. Until 1989 , the government data processing agency was reinvented as the information technology service division to stimulate strategic. The government has required all the department to purchase and install the IT. This had been apply to hospitaks, costoms control and shipping registry and land registration and this have expenditure on IT Services increased from HK 180 million in 1987 to HK 500 million in 1990. (Public Sector Diffusion) To develop and diffuse computer-aided design and automation technologies over the manufacturing sector slippage have motivated government to expend HK 120 Million between 1989-1992. After launched this software , the government have do a survey , and that show only 5.9 percent of the manufacturing sector(2894 companies of 48750) used the computer and only 2.3 percent used CAD . Therefore, the government starting to train the engineers application - specific integrated circuits (ASIC) design. Finally , is it considering whether to build IT technologyShow MoreRelatedThe Government ´s Role in the Success of Singapore Essay1445 Words   |  6 Pagesmacroeconomic stability as well as build long-term growth. To ensure macroeconomic stability, fiscal policy, which is the usage of government expenditures and taxes, and monetary policy, which is the changing of interest rates and quantity of money in the economy, and supply-side policies, that look into the strengthening the production cap abilities of companies, have to be implemented by the government. 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