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Asia Pac Essay

2772 words - 12 pages

Over the past two decades, Asia Pacific regions have seen considerable improvements in technology. Despite the 1997 Asian financial crisis that spared no member countries, their rapid economic growth grabbed the entire world attention (Hobday, 1995). The question is: has governments contributed in the emergence of Asian Pacific technologies? Using the Republic of Korea, Japan, Taiwan province of China, Singapore and Malaysia as comparative countries, this essay will focus on the role governments had in developing their technologies.

We cannot deny that East Asian governments played a major role in upgrading technology in the region. Eventhough most NIEs (Newly Industrialized Economies) are not situated in the same zone, they predominantly keep a similar trade framework and polity. In spite of that, one regime implemented a different strategy from the others: the Hong Kong government (Hernandez, 2004). In reality, the government of Hong Kong had trust and conviction in the free market, it then applied the laissez-faire strategy. Hong Kong's government has been far more passive compared to the other regimes in its procedure.

To start with, this essay will examine South Korea where the government highly contributed to the technological expansion. In fact, in order to improve the Korean technology, the government enforced a methodical technology policy.

The Korean government's strategy combined both scientific and technological progress. It was designed to reinforce education in these two ways, to plan and build scientific and technological infrastructures and to evolve in gaining support for the procurement of imported technology.

However, Korea would not be the industrialized economy it is today without the dictatorial regime and the leadership of the state that the country implemented years ago. In the beginning of the 1970s, the state undertook an outstanting rapid development. From that time, the Korean government experienced a symbiotic relationship with the Chaebol which mainly benefited the country's electricity industry. Conversely, the Korean polity administered discipline within national firms. It also supported the large Korean industries in specific areas such as R&D, exportation as well as in the development of new products. Whatsmore, the government made sure to furnish sufficient additional profitable work. In this way, the company's production would stay diversified and most importantly, it would prevent them from high-risk businesses.

In Korea, the government operated in a way that the business scope of both the domestic and foreign private sector would be coordinated. The public sector handled activities that the private sector did not want to go through. But the government would shift these activities to the regional initiatives when their skills would have been perfected. The authority supports domestic investments as well as capable entrepreneurs involved in high technological field.

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