ECF9030

Asian economies

Siang Ng

6 points -3 hours per week -First semester -Caulfield

Objectives On completion of this subject participants should be able to understand the broad historical, political and social context in which many Asian economies have developed and currently operate; understand some factors accounting for fast growth in East Asia; identify, the political and social influences, both internal and external, affecting Asian economies; have clear perspective on the economic relationship of Australia and Asia; know how to use economic information in making investment trade and business decisions in the Asian context.

Synopsis This is an applied policy-oriented subject which uses development economics to analyse the phenomenon of significant structural changes and transformation in economic development process of rapidly growing Asian economies. Topics include current economic structure and profiles of the newly industrialising economies (NIEs); characteristics of growth; policy regimes under which growth occurred; models explaining economic success; intraregional trade and growth triangles; industry and export strategies; foreign investment; financial policy and development; regional patterns of trade in Asia; structural or political interdependence, ASEAN, AFTA, APEC and future of the NIEs.

Assessment Major assignment: 35% -Presentation: 15% -Final examination (3 hours): 50%

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