This is a process which focuses on producing consumer goods for export
1 of 9
In what types of countries is this highly demanded in?
MEDC'S
2 of 9
Why is this?
Because they have moved away from labour intensive manufacturing
3 of 9
Why are LEDC'S good for EOI?
Because they have cheap labour costs which mean that products can be produced at a lower price.
4 of 9
How can this lead to indsutrialisation (ready market)?
There is a ready market avaliable for countries which means that ig hihgly demanded it will lead to industrialisation and eventually economic groweth and development
5 of 9
What are examples of this?
Japan, China, Korea, Thailand and Taiwan.
6 of 9
What did they experience?
Rapid economic growth in various export sectors
7 of 9
What did this mean?
That there GDP increase- surplus proft- invest
8 of 9
What did they become known as
Highly performing asian economies
9 of 9
Other cards in this set
Card 2
Front
In what types of countries is this highly demanded in?
Back
MEDC'S
Card 3
Front
Why is this?
Back
Card 4
Front
Why are LEDC'S good for EOI?
Back
Card 5
Front
How can this lead to indsutrialisation (ready market)?
Comments
No comments have yet been made