Prompt: “To understand the flaws of the East Asian approach to development, one should look at what happened during the Asian FinancialCrisis. Whenever a government becomes too involved in guiding its economy, policy becomes politicized, investment becomes excessive, and regional and global export markets become saturated. The East Asian approach also entails other significant costs, ranging from authoritarianism to the exploitation of labor to environmental degradation. Given these flaws and costs, newly developing countries should be discouraged from even thinking about emulating this developmental model.”

Double-spaced paper. Remember to cover BOTH sides of the debate and stay focused on the parameters of the question. Get as deep into the analysis as you can. You should have your own position, of course, but you must demonstrate that you fully understand all sides of these one sided statements. As before, you will need to draw on all of the materials that we have covered throughout the course, including from before the midterm. Also, be sure to bring in insights from our readings when appropriate, especially since we have had to skim so much of the material at the end of the quarter.