There are various approaches to explaining rapid economic development in the Asian Pacific Rim (APR). Make your own assessments of the development process in the APR as a region and suggest an appropriate economic model for the region. Your model should highlight the factors which you believe best explain rapid economic development in the Asian Pacific Rim. You are to use facts and statistics gathered through independent research to strengthen and support your arguments.
APR model developed earlier in this paper. Listed below are general guidelines to help you formulate your assessment.
1. Briefly describe the developing country to which the APR model/strategy is to be transferred. You may include economic performance, geographical location, literacy rate, GDP, GDP per capita, GDP growth rate, nature of goods produced, major exports/ imports, type of government, culture, history, etc.
2. Evaluate the ease/difficulty of the transfer process, indicating and explaining fully which portions of the APR model are readily transferable and which parts are more difficult, if not impossible to transfer.
3. How can the missing elements in your target developing country be addressed? Suggest modifications in the original model and compensatory actions that can be taken to address the missing elements.
4. What limitations do you foresee in the transfer process?
Sample Outline for Research Paper
A. Thesis of the paper
B. Brief description of the APR regional model
C. Brief statement on why the APR regional model is appropriate for transfer to your assigned developing country
D. Plan for the rest of the paper
II. Elements of the APR Development Paradigm
A. Salient economic and non-economic features of the APR region
B. Analytical framework of the APR regional model (presentation of arguments and discussion of the suggested model)
III. Analysis of Transferability to Your Assigned Non-APR Less Developed Country
A. Brief description of salient economic and non-economic features/conditions of your assigned developing country, which influence the transfer process
B. Evaluation of transferability to your assigned non-APR less developed ountry
C. Suggestions on modifying the APR model for more effective transfer to your assigned developing country