DISCUSS THE SIMILARITIES AND DIFFERENCES IN THE ROLE OF THE 'CITY' Essay

DISCUSS THE SIMILARITIES AND DIFFERENCES IN THE ROLE OF THE CITY ECONOMIES OF HONG KONG AND SINGAPORE IN RELATION TO THE REST OF THE ECONOMIES OF SOUTH EAST ASIA - Essay ExampleThe Asian countries of India, China Korea, Taiwan, Hong Kong, Singapore, Indonesia, and Malaysia are far-famed examples NICs and their dramatic successes in economic growth have often been referred to as the East Asian Miracle. different Asian countries like China and India have also accomplishd successes in economic growth. The economic miracle of these East Asian countries is however not exclusive to Asia as countries in the Americas like Chile, Brazil and Mexico have also achieved appreciably high growth rates in their economies and could thus be referred to as NICs as well. It must be said though the growth rates vary amongst all the NICs and as such some growths whitethorn be relatively higher compared to others in other NICs. Countries like China, India Singapore and Hong Kong however standout of the rest receivable to the rapid nature of their growth within a space of about 30 years. Also, the use of NICs is a matter of definition and as such a country like South Africa that was largely privy(p) from the international economy due to its apartheid policies may now be categorised as an NIC by some, while others may classify it as a developed country.This essay will first conduct a generalised or panoramic view of the features that underlie the development experiences of NICs before undertaking a ambient look at the experiences of selected NICs. It must be said that though the development experiences may be rattling varied, some common cardinal features can be seen in the experiences of all NICs.Most NICs were able to achieve high growth rates by instituting market reforms that favoured exports. (Hamilton 1987) There was also a strong fury on value added manufacturing that changed their economies from predominantly agrarian economies into industrial and manufacturing based e conomies. Increased capital investments from foreign and municipal sources played a key role in the development experiences of NICs and so