1. East Asian Globalisation
The exceptions to this were Hong Kong, which practised a very open market with low corporate tax and China, who, after the transition to a market-based economy in 1978 attracted large international investors because of their potential to become one of the largest economies in the world. China quickly became the second largest recipient of FDI after the USA. ... However, taking on an export-led regime was not something these economies could do immediately. ... In turn, Japan supplied capital, intermediate products and technology to the Asian NIEs(Newly Industrialising Economies). ... China was ...
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- Grade Level: Undergraduate