Initially, the government introduced a number of fiscal and financial incentives, which I will discuss more later. ... Government's Policy Before 1961 As seen above, the Korean government has been focused on import substitution for economic growth during 1953 ~ 65 period and followed by export expansion policy after 1965. ... It can be either a source of political and bureaucratic corruption, but if wisely used, it can be a useful or powerful policy instrument in supporting business operation and government policies. ... In other words, it was government's responsibility generating m...

• Word Count: 2573
• Approx Pages: 10
• Grade Level: Undergraduate

Hong Kong Government's fiscal policy had been conservative and had accumulated huge surpluses prior to 1997. ... Also, Exchange Fund papers, which were intended as a substitute for treasury bonds, form Hong Kong's monetary base and are monetary aggregates in nature, and were mostly held by financial institutions for their liquidity management. Such yields indicated prevailing monetary conditions more than commercial borrowing rates. ... Even with the emergence of huge fiscal deficit these years, the government is inclined to tap the fiscal reserve and to set goals in achieving budget...

• Word Count: 1396
• Approx Pages: 6
• Grade Level: Undergraduate

The real was allowed to float between a monetary band, with the Central bank using exchange reserves to buy or sell reals as needed to keep the price stable. ... INTERNATIONAL CRISIS" It can be argued that the pressure Cardoso was feeling, came directly from the Asian and Russian monetary crisis" of 1997 and 1998. ... Asian countries such as Thailand, Indonesia, and South Korea sought international help from the International Monetary Fund. ... Despite Cardoso's initial success with the Real Plan, Brazil's fiscal deficit continued to be very large. To combat this Brazil turned ...

• Word Count: 1759
• Approx Pages: 7

The economic stimulus applied by the Australian government to promote recovery included expansionary monetary policy, with fifteen cuts in interest rates between January 1990 and July 1993. ... Fiscal policies were also applied with One Nation Statement released in February 1992, providing 2.3billion dollars of extra spending and tax cuts to promote recovery and confidence in the econom...

• Word Count: 2293
• Approx Pages: 9
• Grade Level: Undergraduate