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What are newly industrialized countries? Detailed answer

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What are newly industrialized countries?

The growth of external debt predetermined the direction of the search for a new economic policy for developing countries. Instead of import-substituting industrialization, it was decided to develop export opportunities in every possible way, since the growth of exports gave hope for an easing of the debt burden. The import of foreign capital began to be encouraged. And to attract it, it was necessary to carry out market reforms: to stabilize monetary circulation, for which it was necessary to reduce government spending, privatize the public sector, introduce free prices, etc.

First, Hong Kong, Singapore, Taiwan, South Korea embarked on this path of development, then Indonesia, Malaysia, and the Philippines joined them.

Using foreign capital and technology, and abundant local labor resources, they managed to create a developed manufacturing industry, working mainly for export and successfully competing in the markets of Western countries. Having created the potential for accelerated development, these countries are achieving consistently high economic growth rates.

For this group of countries, Japan is an example of successful development.

Many of the processes that took place in Japan after the Second World War turned out to be good for her. After the American occupation in Japan, economic and political reforms were carried out that changed Japanese society and its political system. The rights of the emperor were limited by the new constitution, parliamentary democracy with a multi-party system was established in the country, which had not happened before.

The reforms played a big role in the revival of the country and the "Japanese miracle". In just a few decades, Japan has turned from an agrarian country into an industrial superpower. Already by the 1980s. the volume of industrial production in Japan exceeded the level of 1950 by 24 times. The average annual growth rate of production in the 1960s-1970s. accounted for 14,6%, while in the entire capitalist world 5,5%.

Japan is now actively developing the science and technology of tomorrow, the country has a developed infrastructure, education system, health care and social insurance.

Behind these achievements is hard and sometimes exhausting disciplined work. The success of this country is also connected with the state policy, which helps business, the development of science, education, and defends Japan's position in the international arena.

Among the "newly industrialized countries" South Korea has passed a difficult path to progress. In many ways, the tragic events on the Korean Peninsula were the result of the strategic position of the country, which competed with Russia, Japan, the United States, and China. In 1910, Korea became a colony of Japan. After the war, in 1945, North Korea was liberated by the USSR, in South Korea, the surrender of Japanese troops was accepted by the United States. The line of demarcation of the zones of influence of the two powers passed along the 38th parallel. The Soviet-American rivalry ended with the split of the country. In 1948, the Republic of Korea was formed in the south of the peninsula, and the Democratic People's Republic of Korea in the north. The problem of reunification of the country has not been resolved to this day. Relations between the two Korean states were complicated, armed clashes between them became commonplace. In 1950, a civil war began between them, which ended in 1953. It ended in vain, the unification of the country did not happen.

Significant changes have taken place in South Korea since the overthrow of the dictatorial regime of Syngman Rhee. But subsequent regimes, although they were dictatorial, began to modernize the country. Japan has become a model of national and economic development. Much aid to the country came from the United States. Along with capital, new equipment and technologies poured into South Korea. The country has taken a course on the purchase of patents and licenses. In the country, much attention was paid to control over the targeted spending of funds. The advantage of South Korean business was cheap labor. The problem of improving the material situation of the majority of the population in the country remains tense. This also affects the processes of democratization of public life. But the country is trying to solve these problems.

Author: Irina Tkachenko

 Random interesting fact from the Great Encyclopedia:

Which movie helped you make the right decisions to save the crew of Apollo 13?

Based on the 1969 film Lost, NASA develops an emergency plan to rescue three astronauts trapped in orbit with a limited supply of oxygen. When the picture was released, Apollo 11 and Apollo 12 had already visited the Moon, and a few months later Apollo 13 flew, on board of which there were also three crew members and an accident also occurred. Ground support engineer Jerry Woodfil had watched The Lost just a couple of hours before and later recalled that the events of the film directly influenced the flow of reasoning and helped to make the right decisions. For example, as in the movies, the astronauts were given instructions to recharge their batteries from a spare set, which was an undocumented possibility.

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According to Japanese officials, up to 16% of raw materials for food production in modern conditions are lost due to the impact of pests. At the same time, by the middle of the century, the demand for food will increase by 70% due to population growth, and global warming will only create more favorable conditions for the reproduction of pests. Experts suggest using artificial intelligence-controlled laser weapons to combat them.

So far, Japanese developers from the NARO research association do not even have a prototype laser installation for combating harmful insects, but they expect to conduct field tests next year. The principle of insect control is quite simple: a stereoscopic camera will detect them, and an artificial intelligence system will predict the flight path of pests and shoot them down with a laser pulse, firing with a little lead. The fact is that in 0,03 seconds, which the system needs to aim, the moth manages to fly from six to nine centimeters, so the shooting must be done with automatic adjustment so that the laser pulses are guaranteed to hit the target.

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