1. Introduction
There is the rapid economic growth of EastAsian countries and many scholars attribute these performances to the state's active intervention in the process of economic development. These EastAsian countries were called "the developmental state"(henceforth DS). Japan and four EastAsian dragons - Korea, Taiwan, Singapore, and Hong Kong - have achieved economic grow
development comes from indigenous factors, with Chinese and Indian influence serving to further enrich it. Through history, Cham culture and the cultures of other minority ethnic groups in Vietnam have been integrated with Vietnamese culture in correlated effects.
Vietnam is considered a part of the EastAsian Cultural Sphere, or Sinosphere, due to highly significant cultural influences from C
the repayment burden of foreign debt and the cost of imported raw materials
Government Failure to deal with corporate insolvencies devastating effect
Exchange rate policy
Waiting until the foreign currency reverses plummeted
Reason for making policy mistakes
The lame duck
The Ministry of Finance and Economy
& The central bank
to behave and interact with other nations
Diverse factors of
East Asia Economic Regionalization
ASEAN is the organization to accelerate the economic growth, social progress and cultural development in the region through joint endeavors in the spirit of equality and partnership in order to strengthen the foundation for a prosperous and peaceful community of SoutheastAsian Nations.
Economy: 2008 Global financial crisis
2. Regionalization
1) Concept
- High levels of interaction within a region.
- Regionalization has the two components : 'cooperation' and 'integration'
- Trade, financial flows, similar cultures in a certain region are important indicators of regionalization
2) Examples
- In Politics: The treaty of Lisbon by EU
- In Society: The Korean wave in Asia
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