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Politics : Formerly About Applied Materials

AMAT 319.11

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3:59 PM EST

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To: Sam Citron who wrote (42666)	2/26/2001 11:23:33 AM
From: Pete Young	Read Replies (2) of 70976

Nonetheless there are some great examples of small once poor countries which have exported their way to improved living standards, e.g., Taiwan, Singapore, Korea, Hong Kong. It may be more that a coincidence that most of these countries are Asian, as cultural influences usually play an important role in the process of economic development. Sam, I think in almost every case you cited, protectionism of one kind or another played a central role in the countries ascent from just another cheap source of labor. This was the much ballyhooed "Asian model" of development; protect and capitalize strategic industries using government resources until they were strong enough to "compete" successfully in the global market. Look at semiconductors. Now, however, we see the downfall of the "national champion" industry approach when the macro chickens come to roost when everybody starts to play that game.

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