Unit Twenty-six
The Success of Eastern Asias Economics
Outsiders have contemplated the success of eastern Asias economies with admiration, wonderment and sometimes hostility. Scholars long sought to pinpoint the secrets behind the achievements of Japan, South Korea, Taiwan, Hong Kong and Singapore. More recently, they have turned their attention to the emerging tigers of Thailand, Malaysia and Indonesia. Hard work and entrepreneurial flair were obvious elements.
If a country is rich in a certain natural or human resource, its government should make sure nothing gets in the way of entrepreneurs who want to develop it,be they local or foreign. By allowing the latter a piece of the action, a nation benefits from the multiplying effects of investment, technology transfers and increased employment. And all the better if heavy tariffs or other forms of preferential treatment could be avoided.
In most cases, governments main job should be to get out of the way of business. Heavy-handed intervention in industrial policy generally does not work.It tends to create inefficiencies and artificial barriers to wealth. Governments should concentrate instead on liberalizing their own trade laws and pushing the same cause internationally. Freeing commerce allows natural, human and capital resources to flow into endeavors where they are mot efficient. Governments should keep interest rates and taxes as low as possible and make sure the national bureaucracy is capable and relatively clean.
There is some truth to the argument that the regions economic dynamos had it easy back then. Nations with scant resources and hardworking populations were able to export their way to wealth in the past three decades. One reason was that markets in North America and Europe were open and booming. Cold-war imperatives also helped. In part, they enabled some countries to protect infant industries. Todays world is a harsher place. Developed countries are still in the grip of recession and a developing nation may face retaliation for even the most innocuous form of nontariff barrier for example, tax incentives for certain industries. But as Asia becomes wealthier, it will serve as a huge new market to which developing countries can sell their goods.
Readers of the World Bank study would do well to remember that its sponsor is an organization that deals essentially governments. It was created to help them intervene in the development process. Its prescriptions can be faulty if they call for strategies to be imposed from the top instead of generated by businessmen. Hopefully, the banks report will note that in the end it is economic freedom to apply entrepreneurial creativity, work hard and reap the rewards of such efforts that makes any individual or nation wealthy. That was, and is, the secret of Asias success.
contemplate vt.1.盘算,计议 2.思量,对周密考虑 3.注视
ponder vt. 思索,考虑,沉思
irrespective a.不考虑的,不顾及的
hostility n.1.敌对,敌意,对抗 2.抵制,反对 3.交战,战争
warfare n.1.战争 2.斗争,冲突
antagonism n.对抗,敌对,对立
pinpoint vi.1.准确描述,确定,确认 2.精确地确定的位置
entrepreneur n.企业家
enterpreneurial a.企业家的
flair n.1.天赋,资质 2.敏锐的感觉力,鉴别力,眼光 3.爱好,癖好,热情
flare vi.1.闪耀,烧旺 2.突发,突然发怒 n.闪光信号,照明弹
aptitude n.才能,天资
tariff n.1.关税,税率 2.价目表,收费表
intervene n.1.干涉,干预 2.干扰,阻挠
intervention n.介入,干涉,干预
endeavor vt. n. 努力,尽力,尝试
bureaucracy n.1.官僚主义 2.政府机构,官僚
dynano n.1.发电机 2.精力充沛的人
scant a.不足的,贫乏的
deficiency n.1.缺乏,不足 2.缺点,缺陷
imperative a.1.必要的,紧急的,极重要的 2.命令的 n.必要的事
retaliate vi.报复
retaliation n.报复,回报,以牙还牙
revenge n.报复,报仇
innocuous a.1.无害的 2.无伤大雅的
incentive n.刺激,鼓励
prescription n.1.处方,药方 2.开处方,开药方
tablet n.药片
capsule n.胶囊
herb n.药草,草本植物
reap vt.1.收割,收获 2.获得,得到
上一篇: 大学英语六级阅读题如何复习准备
下一篇: 大学英语六级阅读试题冲刺倒计时18天
2016高考英语(江苏专用)全程复习方略 课时提升 作业三十二:Units1-4(牛津译林版选修11) Word版含答案
【收尾精炼】2016届高三英语一轮复习训练:Unit 5 The power of nature(新人教版选修6)
【收尾精炼】2016届高三英语一轮复习训练:Unit 2 Poems(新人教版选修6)
2016高考英语(江苏专用)全程复习方略 课时提升 作业十七:Unit2 What is happiness to you?(牛津译林版选修6) Word版含解析
2016高考英语(江苏专用)全程复习方略 课时提升 作业十一:Unit2 Sports events(牛津译林版必修4) Word版含解析
2016高考英语(江苏专用)全程复习方略 课时提升 作业三十一:Units3-4(牛津译林版选修10) Word版含解析
2016届高考英语(外研版 全国)一轮复习教学案:必修4Module3
2016高考英语(江苏专用)全程复习方略 课时提升 作业十三:Unit1 Getting along with others(牛津译林版必修5) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 1 Art(新人教版选修6)
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十八:Units1-2(牛津译林版选修9) Word版含答案
【收尾精炼】2016届高三英语一轮复习训练:Unit 5 Travelling abroad(新人教版选修7)
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十:Unit1 Living with technology(牛津译林版选修7) Word版含解析
2016届高考英语(外研版 全国)一轮复习教学案:必修5Module3
2016高考英语(江苏专用)全程复习方略 课时提升 作业十二:Unit3 Tomorrow’s world(牛津译林版必修4) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 3 Under the sea(新人教版选修7)
2016届高考英语(外研版 全国)一轮复习教学案:必修3Module6
2016高考英语(江苏专用)全程复习方略 课时提升 作业七:Unit1 The world of our senses(牛津译林版必修3) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 4 Global warming(新人教版选修6)
【收尾精炼】2016届高三英语一轮复习训练:Unit 3 Inventors and inventions(新人教版选修8)
2016届高考英语(外研版 全国)一轮复习教学案:必修3Module5
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十九:Units3-4(牛津译林版选修9) Word版含答案
2016高考英语(江苏专用)全程复习方略 课时提升 作业十:Unit1 Advertising(牛津译林版必修4) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 3 A healthy life(新人教版选修6)
2016高考英语(江苏专用)全程复习方略 课时提升 作业十六:Unit1 Laughter is good for you(牛津译林版选修6) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 1 Living well(新人教版选修7)
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十四:Unit1 The written word(牛津译林版选修8) Word版含解析
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十六:Unit3 The world of colours and light(牛津译林版选修8) Word版含答案
2016届高考英语(外研版 全国)一轮复习教学案:必修3Module3
2016高考英语(江苏专用)全程复习方略 课时提升 作业二十二:Unit3 The world online(牛津译林版选修7) Word版含解析
【收尾精炼】2016届高三英语一轮复习训练:Unit 5 Meeting your ancestors(新人教版选修8)