1. asian econimic history
Initially, the government introduced a number of fiscal and financial incentives, which I will discuss more later. ... In other words, it was government's responsibility generating monetary and fiscal policy, not by the central bank. ... For example, while domestic interest rate was so high comparing with international rates, the exporters, mostly big business in heavy industry, were able to get loan at little interest rate. ... Controlling exchange rate is another good example to describe the effect of government's role on Korean economic development. ... The major contents of fisca...
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- Approx Pages: 10
- Grade Level: Undergraduate