2) CREATING AN EXPORT PUSH
Macroeconomic stability led to rapid export growth.
Fiscal discipline & public savings extended exchange rate protection (Japan, Taiwan).
HPAEs used export promotion approaches.
Encourage manufacturing exports.
Establish pro-export incentives (Japan, Korea, Taiwan), led to protection of domestic markets (Incentives: export credit, duty-free imports for exporters, export targets, tax incentives).
South East Asian NIEs used reduction in import protection with export credit & supporting institutions.
Export development on market incentives & FDI.
2) CREATING AN EXPORT PUSH
Macroeconomic stability led to rapid export growth.
Fiscal discipline & public savings extended exchange rate protection (Japan, Taiwan).
HPAEs used export promotion approaches.
Encourage manufacturing exports.
Establish pro-export incentives (Japan, Korea, Taiwan), led to protection of domestic markets (Incentives: export credit, duty-free imports for exporters, export targets, tax incentives).
South East Asian NIEs used reduction in import protection with export credit & supporting institutions.
Export development on market incentives & FDI.
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