GLOBAL ECONOMY Essay Example | Topics and Well Written Essays - 250 words

GLOBAL ECONOMY - Essay ExampleThe quartet tigers stipulated trade rules for all the member state while the ASEAN 4 implemented a organisation they called the ASEAN way. The system embraces freedom of domestic legislation while adhering to the ASEAN community (Hirst 2002). The four Tigers first had a strong international funding especially from the USA that gave South Korea and Taiwan a strong support. It was due to its geopolitical interests in the region while the ASEAN four countries mostly depended on financial policies government funding and remittances from their economies to further develop their economy. They differed in the source of funding.ASEAN 4 countries mostly relied in export of lower categories of repute added goods that have slower growth like apparel clothing, organic chemicals, but have slowly self-aggrandising into electronics, telecommunication equipment and machinery especially Malaysia and Philippines. It is in contrast to 4 Tiger nations that have a broa der range of export categories with most reliance on electronic and machinery. Export policies of the two regions differ from each