Abstract: Purpose of this research paper is research export-oriented industrialization. It will be explored every this industrial strategy with research methods. It identified what is advantages of export-oriented industrialization and what problems can it create for the development of economy. It will be used different resources related to the topic.
Methodology. It was used different resources in this paper. After the data was collected about topic, later data was organized and analyzed. As well as, it was used secondary data analysis resources for paper analysis. For example, journal, paper, book and so on. Because, some data were used from papers about this research .This research based on inductive method. We got a conclusion from data
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In this paper export oriented industrialization will be introduced.. The advantages and the disadvantages of this strategy will be stated. Later, in this strategy economic growth will be analyzed. And are identified which export oriented strategy is better to successful economic growth.
What is export-oriented strategy. Export oriented industrialization is indispensable for economic growth.
Export-oriented industrialization is related to the theory of comparative advantage. And this strategy is a trade and economic policy which this strategy aiming industrialization process of a country. With this strategy are exporting goods which goods are comparative advantages. Some countries used from this strategy for export-led growth. This kind of economic development model has advantages which enable putting the country’s products into the international competition. Countries used from export-oriented industrialization strategy which these include are Japan South Korea, Tailand, Singapore and other countries in the World War II period. Also, the export-oriented strategy has played a very important role for the successful development of East Asian economies after the World War II. Export oriented strategy based on types of internal and external conditions in East Asia. These conditions include an
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For example, after financial crisis, the financial crisis, international raw material and energy prices practiced sharp volatility and this situation caused difficulties for countries which they wanted following this strategy. However, after the financial crisis the changes in international and domestic environments did not change the nature and trends of globalization, only temporarily slowed the pace of this process. East Asian countries can therefore continue their export oriented strategy, but should be prepared for slower progress than in past decades. As well as, firstly, it must be noted that export oriented industrialization is different in large countries and smaller countries. In fact, in small countries have small area, small population and small markets and when they use export orientated strategy then can get larger scale economy profit. Also, in small countries is the amount of the unemployed labor force, the surplus products and disused resources which is comparatively small than large countries and they only need to achieve a small export scale to solve these problems. But in large countries is the number of unemployed people and surplus products huge and a large increase in export cannot solve these problems. Therefore, export-oriented industrialization is better in smaller country. As well as, several disadvantages have in this strategy. For example, if a large amount of the country 's
As a result of searching the existing literature, the researcher was able to obtain data that correlated exceptionally well with the research topic. Indeed, the researcher gathered pertinent information from secondary sources; however, the primary sources of data were needed to draw a logical conclusion of the research at hand. So, the next step was major section III, Research Methodology. Being
The industrialization first happened in Europe and to the west in the states. The rest of the world watched the shift of manufactured out puts change “by 1900, India account(ed) for barely 2 percent of world manufacturing output, China about 7 percent, while Europe alone claims 60 percent of the world's total (GDP)” (Marks 2342). The rest of world due to this industrialization would either have to adapt industrialization to compete or experience the torture’s that would come from being
The authors also use statistics which shows they have done their research. This allows the audience to believe this article is a reliable
Storyboard INDUSTRIALIZATION America faced many challenges during the industrializing time period. Though, these challenges helped improve most conditions. In 1878, inventor Thomas Edison, went to see a set of experimental arc lights. These lights were too hot and bright though for everyday use.
Things such as environmental degradation, exploitation of the workforce, inequality of income, and overcrowding were the result of industrialization time. This revolution brought out the weaknesses in many countries when it came to the poverty or wealth of people, leaving a small amount of the population in the middle of those 2 extremes. Document 2 states, “Generally speaking, the strength or weakness of a country is dependent on the wealth or poverty of its people, and the people's wealth or poverty derives from the number of available products.” This quote explains how the industrial period is connected to people and the country's stability. Factors like unequal income and exploitation of their workforce play a major role in the growth of the country’s development.
Industrialization is important because that is how they provide things such as electricity and more. (Doc D) There are multiple forecasted industries for the year of 2030 and this is to help with cleaner water and to supply more water. (Doc D) If I had to argue i would argue that: If they're going to make this happen by the year of 2030 they would need to make more money and by that like I said for the third time raise the prices of water and another reasons is China has many of people living there, almost too much, so if they need to make more money I personally would sell business or make taxes bigger so they have enough money to still have a strong economy and a healthy environment when I say that I mean more water and more things to rely on if a crisis like this goes on.
One if the greatest advantage is transferring new technology between countries, which is incredibly beneficial for the development of nations. One of the biggest disadvantages is precisely when easy access to incoming technology is not allowed. Take for instance Ecuador, a developing country, which products cannot compete with those from developed countries in terms of quality, advanced technology, know-how, and price. In order to stimulate local consumption and decrease the amount of money transferred abroad, Ecuador’s government has set several policies, which has considerable effect on imports. Some of those policies are: imports quota and tariff safeguards.
In the contemporary society, there are an increasing number of people involved in the globalisation. I choose the topic of international trade. And in the following paragraphs, I am going to introduce what is international trade, other possible benefits of trading globally and the bottom line. (Heakal 2015) Thanks to the international trade that allows us to expand the market for goods and services.
The literature review gives justified information for the need of conducting the research. Apart from the introduction, there is no other information concerning the research title that could offer detailed information (Chaliha et a., 2001). Despite giving the justified information in the introduction section the paper should have had the literature review section, thus it did not follow the due steps and format of a research paper. The methodology part follows after the introduction and it discloses the methods used, the design, the people included in the study and how the data was sampled and examined. However, the reasons for choosing the design in the research were not
2.0 Procedure A few secondary resources were used in the research process. These sources range from newspapers articles, news website (BBC) and online databases which were accessed via the Internet. These sources were chosen based on direct relation to the topic and its scope. Moreover, these sources were referred to gain better understanding about the topic and explore expert opinions and research done in order to fulfil the criteria of each objective
In this section the author describes the theories that will support the analysis of information. In order to construct a theoretical background for the study the author chose to describe theories regarding the selection of countries. 5.1 Transaction costs theory Transaction cost theory was developed by Coase (1937) and then re-analyzed by Williamson (1979). The theory explains why companies exist and expand their activities to external environments finding out that ‘’A Transaction cost occurs when a good or service is transferred across a technologically separable interface’’.
What is normally suggested is that if a firm is producing, manufacturing or reselling goods that they usually export since it is the easiest and least risky method. The risk that occurs if this type of strategy is used is that the firm depends on the company that will be exporting to and their customers in order for their product to be known. Yet other strategies include a joint-venture, licensing and franchising, foreign direct investment, and strategic alliances which even though they have more risk than just exporting they are more likely to be used than full ownership. These strategies give the firm the opportunity to still have some control, at different levels, of how the product will be managed in the foreign country. An example of this is Kia Motors direct investment in Slovakia in 2004 or Volkswagen’s joint-venture with Skoda for a period of time in 1991.
Countries at one point or another started out as import substituting industries to get their economy going but South Korea, and other Asian countries, were fast to adopt EOI strategy to increase and
The term Research Methodology refers to a set of procedures, methods & techniques that are put together by the researchers to obtain a solution to the problems they confront during the collection of data. The researchers look for the most crucial data which is inevitable for the research. Generally there are three kinds of approaches or research methods namely Qualitative, Quantitative and Mixed. These methods are used to gather data and resolve issues that emerge during the process of data gathering. The researcher can bring forward his findings either in the form of quantitative or qualitative or mixed research methodologies only when the data is collected based on the preliminary data gathering process and the secondary data gathering process.