Serious Threat to Asian Economic Model (TPPA)

[marmar]

Serious Threat to Asian Economic Model

Sunday, 21 April 2013 11:14
By Martin Khor, TripleCrisis | Report


Many articles and books have been published on the contrast and competition between the present Western and the Asian-style economic models.

Western countries are said to have the free-market model based on competition among private firms, with the government taking a hands-off approach.

East Asian countries are branded as practising “state capitalism” in which the government plays a major role in helping the local private sector and the state also fully or partially owns many enterprises.

The Western countries are increasingly attacking the Asian model, claiming that state-owned companies or state-aided commercial firms have an unfair advantage vis-à-vis the foreign firms competing with them. ....................(more)

The complete piece is at: http://truth-out.org/news/item/15863-serious-threat-to-asian-economic-model