ACHIEVING PRODUCTIVITY GROWTH THROUGH AN EXPORT PUSH
Rapid productivity change via manufactured exports
Malaysia & Singapore adopted closer to free trade regime
Japan, Korea, Taiwan adopted mixed regimes that were free for export industries
Indonesia, Thailand later adopted export incentives to reduce domestic protection.
Exchange rate policies were liberalized & currencies often devalued
Manufactured export growth provided a powerful mechanism for technological upgrading, thus benefits to enterprises & spill-over effect to the rest of the economy.