Econ 332 Quiz Study Guide

Socialist strategy

. Central planning. Productive assets owned by state.

What explains the recent focus on the HPAES

1) allocating to high yielding investments 2) education 3) catching up technology to the advanced economies

Green revolution strategy.

Agricultural growth . Focus on irrigation, power and transport. Agronomical research.

What is the so-called Belt and Road Initiative (BRI) and what are the motivation behind them

BRI: creating new global geopolitical map. Motivations; soft balancing against the US, building soft and normative power, reshape global governance. 1

Bangkok, Thailand

Bangkok, Thailand - Baht.

Beijing, China

Beijing, China - Yuan.

Re distributive strategy.

Benefit low-income and reduce poverty. Land reform, human capital, employment, public community.

China's capital cities and currency names

China (Beijing; Yuan) &

monetarist strategy

Focus of growth: The private sector is focused on DEVELOPMENT Government's role: MINIMAL Strategies: focus on providing STABLE ECONOMY

open economy strategy

Foreign trade/export Active state that focuses on foreign policies and investment.

Which countries/ economies are the "four tigers" QUESTION ON MIDTERM

Four Tigers: Hong Kong Singapore South Korea Taiwan. hungry syntherine seek thaifood

What are the key development features

High saving and investment ratio high-quality human capital export promotion, rapid and successful industrialization, declining absolute poverty and low-income inequality, high volume of foreign direct investment and associated transfer of technological know-how stable macroeconomic environment.

Hong Kong's capital cities and currency names

Hong Kong (-; Hong Kong Dollar). used to be victoria

Hong Kong

Hong Kong - Hong Kong Dollar.

Which country has a currency board instead of a traditional central bank?

Hong Kong has a currency board.

What are the impossible 3 trinity and what is not possible?

Impossible trinity: Free cash flow (capital movement), fixed foreign exchange rate, independent monetary policy. 1) fixed exchange rate 2) free capital mobility 3) independent monetray policy not possible to have 3 regime at the same time

Which country have experienced devastating hyperinflation over the past 60 years?

Indonesia

What were the 'sick 5' countries that were more severely affected by the Asian financial crisis?

Indonesia South Korea Thailand Malaysia Philippines

Indonesia's capital cities and currency names

Indonesia (Jakarta; Rupiah).

ASEAN-4: QUESTION ON MIDTERM

Indonesia, Malaysia, Philippines, and Thailand Singapore Brunei, Malaysia, Thailand Philippines Vietnam Indonesia Laos Cambodia Myanmar.

Jakarta, Indonesia

Jakarta, Indonesia - Rupiah.

Judging by the foreign direct investment (FDI)/(GDP) ratios. which countries have relied leased on FDI

Japan and Korea

When and where did the Asian Financial Crisis officially start?

July 2, 1997 in Thailand.

Kuala Lumpur, Malaysia

Kuala Lumpur, Malaysia - Ringgit.

2 least populous (having the most people) countries/economies and their capital cities and currency names

Least populous: Singapore (Singapore; Singapore Dollar) & Hong Kong (-; Hong Kong Dollar).

Manila, The Philippines

Manila, The Philippines - Philippine Peso.

Industrialization strategy

Manufacturing sector State should actively pursuit industrialization objectives.

2 most populous (having the most people) countries/economies

Most populous: China (Beijing; Yuan) & Indonesia (Jakarta; Rupiah).

Among our 10 economies, which one is the most populous (having the most people)? Which one is the second most populous? Which one is least populous?

Most: China 2nd : Indonesia Least: Singapore

What are the 8 HPAES QUESTION ON MIDTERM

SK, Taiwan, HK, Singapore, Thailand, Indonesia, Malaysia and China JAPAN IS NOT ON THERE HIGHEST PREFORMING

Seoul, South Korea

Seoul, South Korea - Won.

Singapore's capital cities and currency names

Singapore (Singapore; Singapore Dollar)

Singapore, Singapore

Singapore, Singapore - Singapore Dollar.

Taipei, Taiwan

Taipei, Taiwan - New Taiwan Dollar.

Which country received bailouts from the international monetary fund (IMF) during the Asian financial crisis?

Thailand, South Korea, Indonesia

Tokyo, Japan -

Tokyo, Japan - Yen.

What are the capital cities and currency names for the 10 countries/ economies discussed in our class

Tokyo, Japan - Yen. Seoul, South Korea - Won. Taipei, Taiwan - New Taiwan Dollar. Hong Kong - Hong Kong Dollar. Singapore, Singapore - Singapore Dollar. Bangkok, Thailand - Baht. Jakarta, Indonesia - Rupiah. Kuala Lumpur, Malaysia - Ringgit. Malaysia, Kuala - Lumpur The Philippines, Manila/ Philippine Peso Beijing, China - Yuan.

What are the long term issues for the future development of Northeast Asia?

a. Growth in the region is primarily input-driven, not productivity-driven, raising concerns of future growth. b. Inequality has re-emerged c. Insufficient attention to the environment. Could become barrier to sustainable growth. d. Rise of China has caused ambivalence. Issues about the development of broad-based political and social institutions and their relevance to respond to the challenge of the future.

5. Development strategies:

a. Monetarist strategy. The private sector is focused s of development. Government involvement is minimal and only focuses on providing a stable economic environment. b. Open economy strategy. Foreign trade/export. Active state that focuses on foreign policies and investment. c. Industrialization strategy. Manufacturing sector. State should actively pursuit industrialization objectives. d. Green revolution strategy. Agricultural growth. Focus on irrigation, power and transport. Agronomical research. e. Redistributive strategy. Benefit low-income and reduce poverty. Land reform, human capital, employment, public community. f. Socialist strategy. Central planning. Productive assets owned by state.

What does the Gini coefficient measure?

income distribution in an economy. Higher = more unequal Hong Kong has the worst Gini score.

Which country/economy was the first in the region to industrialized and develop?

japan

Which country/economy have a currency board instead of a traditional central bank quesiton will be on midterm

singapore, thailand, china, taiwan have traditonal central bank All except hong kong!