25304 Asian-Australian Economics Relations

This subject gives an overview of the Asian region and its developing economic relationship with Australia. The rapid growth experience of Japan – especially during the 1950s and 1960s – is analysed initially. The so-called four Asian tigers (Korea, Taiwan, Hong Kong and Singapore) are reviewed next. Their individual performances (as well as their sociopolitical climates) are analysed. Various explanations advanced for their rapid growth over the last couple of decades are assessed. Second generation newly industrialised countries (NIC) such as the ASEAN economies are similarly examined. Finally, the Chinese economy – the so-called 'awakening giant' – is analysed.