Which of the following two theories justify some limited and selective government intervention to support the development of certain export

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journal article

The East Asian Miracle: Growth Because of Government Intervention and Protectionism or in Spite of It?

Business Economics

Vol. 32, No. 2 (April 1997)

, pp. 20-25 (6 pages)

Published By: Palgrave Macmillan Journals

https://www.jstor.org/stable/23487792

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Abstract

East Asia's growth performance highlights the benefits of pursuing an outward-oriented trade strategy. This paper discusses the nature of the development policies followed by economies in the region and the lessons for other emerging countries. While these policies in some cases did involve government intervention and protectionism, East Asia's success is more attributable to "neutral" export promotion and a "market friendly" approach encouraging industries that could most successfully compete in world markets.

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Business Economics © 1997 Palgrave Macmillan Journals
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Which of the following two theories justify some limited and selective government intervention to support the development of certain export

New trade theory and Porter's theory of national competitive advantage justify limited and selective government intervention to support the development of certain export-oriented industries.

Which of the following two theories justify some limited and selective government intervention?

Yet both the new trade theory and Porter's theory of national competitive advantage discussed below can be interpreted as justifying some limited and selective government intervention to support the development of certain export-oriented industries.

Which of the following is a theory that can be used to justify limited government intervention?

Laissez-faire is an economic philosophy of free-market capitalism that opposes government intervention.

Which theory predicts that countries will export the goods?

[4] The so-called Heckscher-Ohlin theory basically holds that a country will export those commodities that are produced by the factor that it has in relative abundance and that it will import products whose production requires factors of production where it has relatively less abundance.