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10 cards from this deck
Strategy using export growth to accelerate economic development
1:Invest in industry/education 2:Reinvest profits in services
Hong Kong, Singapore, Taiwan, South Korea
Increased from 2% of GDP to 5.2%
$37,900 (ranked 27th globally)
90% of export earnings
Over-nationalisation became expensive, no diversification
Newly Industrialised Countries with rapid growth since 2000
Political stability for long-term investment
Greater global competition, many countries make similar products
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