https://padlet.com/chan_cheng_lin/9ozvh34miawj Was government intervention in the economies of Southeast Asia good or bad? en-us 2017-11-20 04:51:12 UTC 2017-11-23 04:29:47 UTC hello@padlet.com https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209331451 Elaboration (in point form)
Examples (in point form)]]> 2017-11-22 05:08:17 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209331451 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585370 2017-11-23 02:11:21 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585370 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585371 because the govt's political ideology caused the economy to be inefficient. The command economy adopted by governments in Burma and Vietnam was inefficient due to the low utilization capacity of industries and the failure of collective farms which caused the economy to stagnate and struggle to compete against other SEA countries economically.]]> 2017-11-23 02:11:21 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585371 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585429 2017-11-23 02:11:45 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585429 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585431 -Limits the ownership and autonomy of private businesses
-reduces economic activity of private businesses

e.g. Indonesia : restrictions on Chinese Indonesians' economic activities]]> 2017-11-23 02:11:46 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585431 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585472 The different racial groups will then build resentment and tension with one another since one racial group is being favoured while the rest is not. In this way, they will feel that the government is being biased and unfair and that the racial groups start to be tense with one another. Hence, the people in the country cannot work together towards building a greater and better economy instead they will be fighting with one another such as violence breaking out and country is not stable hence economic growth cannot be promoted. 
Example: in]]> 2017-11-23 02:12:00 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585472 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585538 Foreign Direct Investment
Malaysia’s ‘Look East’ policy. It emulated the Japanese & Republic of Korea’s development model, which attracted technology transfer, development of human resources, increased FDI from Japan. Similarly in Singapore, the government attracted foreign investors with heavy subsidies & tax exemption profits. These also allowed for the transfer of management skills & technology. These aid in the increased in efficiency & effectiveness of the economy and thus its development & advancement, showing that government intervention is effective for the economy. ]]> 2017-11-23 02:12:41 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585538 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585583 - structured plan for growth
- Govt can put in polices to boost the economy
- more control -> greater stability

]]> 2017-11-23 02:13:07 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585583 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585593 The Government can be corrupted. They can assert their power and control to have economic gains and benefit. This in the long-term will affect the growth of the economy. This will harm the economy as the people in the country will not benefit. And will also lead to economic stagnation. This will cause the public to be more aggrieved about the economic domination of these businessmen who have connections to the government. This can breed frustration and unhappiness within the country. For example, in Indonesia, Suharto's business cronies were Indonesian Chinese tycoons which made the rest of the Indonesians unhappy. Therefore,  corruption in the government leads to no societal welfare and also hurts economic growth. Thus, government intervention is bad ]]> 2017-11-23 02:13:16 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585593 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585621 Elaboration: Govt policies can encourage foreign companies or countried to invest and spend money in the country, promoting growth
Example: govt control over unions in Sg prevents workers from disrupting the economy and encouraging foreign investment]]> 2017-11-23 02:13:32 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585621 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585645 Most SEA countries had rapid economic growth which improves citizens SOL (mostly). This was due to the policies which could have been forcefully put through but ultimately benefits the country. For example i forgot about everything]]> 2017-11-23 02:13:43 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585645 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585678 MG in SEA can promote stable and productive economies
e.g. NTUC Singapore:
- Removed other trade unions
- Government controlled trade union
- Prevented worker unrest by reducing complaints and preventing strikes etc.
- Made workforce stable and more productive
- Results in ED hence govt intervention is good]]> 2017-11-23 02:14:01 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585678 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585751 Govt intervention is bad because poor economic decisions can be made by not very experienced leaders such as nationalisation that is not beneficial in the long run and monopolies in the economy. Excessive government intervention also results in disruption to market forces present. 

If the govt intention is to protect their domestic industries by benefitting and incentivising the local industries, it may lead to long-term inefficiency and unproductivity. For example, aid provided to indonesian companies in the attempt to revitalise and boost the productivity of the domestic companies were misappropriated. The monopoly of clove cigarettes by Tommy Suharto was not beneficial to the citizens, neither efficient. 


]]> 2017-11-23 02:14:42 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585751 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585761 1) they had policies to attract FDI

FDI are important for ED because they provide employment, share technology with the host countriee and can lead to upgrade in infrastructure as they would develop roads to facilitate transport. FDI is also investment, which would reap more money. 

- In Singapore, investment flow with heavy subsidies
- In Thailand, the board promised no nationalisation of companies
- Indonesia, attractive incentives & guarentees given to foreign investors


]]> 2017-11-23 02:14:49 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585761 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585780 Because the government can intervene to provide a stable economic climate in their countries, which in turn attracts investors to invest in their countries as investor sentiments would be positive. Using these investments can promote the economic growth of the country, and achieve higher employment rates.
For example, Singapore banned trade unions, reorganizing them into NTUC. This allowed the government to create a more subservient workforce, making it more favorable for employers since the workers have restricted rights and are unable to organize protests or strikes for better working conditions]]> 2017-11-23 02:14:54 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585780 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585958 Because they introduced policies which adversely impacted economic growth such as economic nationalisation and self reliance as seen in indonesia. Sukarno's policies of nationalisation and self reliance led to decreassd income per capita and budget deficit]]> 2017-11-23 02:16:16 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585958 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585969 When the government intervenes in the economy of a country, the results are ambiguous as they decide everything for themselves leading to less checks and balances. The decisions they make may not benefit the economy but no one is able to reject it and hence leading to slow economic growth or even economic deterioration.
- Burma and Vietnam ineffective and inefficient command economy where trade could only he done internally which led to slow economic growth in both countries where people’s welfares were threatened. ]]> 2017-11-23 02:16:17 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209585969 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586001 Govt intervention in SEA was bad. Adopted command economy, which was inefficient. Collective farms brought low outputs. They took control over the economy and were ill-equipped, failed to provide farmers with adequate tools. Farmers also had little incentive as everything was state-owned. Therefore low outputs were brought about. Hence, productivity was very low and resources could have been better utilised. This was the case in Vietnam.]]> 2017-11-23 02:16:30 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586001 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586033 govt intervention was bad because it led to the rise of crony capitalism due to corrution leading to social disparity because of preferential treatment-> biased and unfair-> unhapiness of people and damage govt legitimacy
e.g. indonesia, malaysia]]> 2017-11-23 02:16:43 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586033 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586074 because it allowed development of the economy through attracting fdi through creating favourable conditions such as industrialisation and the creation of an export oriented economy which was not possible without government intervention and funding]]> 2017-11-23 02:17:04 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586074 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586155 Government spot economic probl Ms and implement policies to direct economy is a certain direction

Burma new win implement nationalisation in every economic activity resulted in annual growth rate. ]]> 2017-11-23 02:17:44 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586155 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586387 because it led to crony capitalism with increasing corruption at all levels of the government bureaucracy.
this results in a wastage of resources and lose competivity in the global market (etc indo).
and this leads to rising social disparity gap. / social tension and unrest
which is negative & bad.]]> 2017-11-23 02:19:46 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586387 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586459 2017-11-23 02:20:25 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586459 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586502 As they are able to guide the countries towards the direction of economic growth to benefit the people]]> 2017-11-23 02:20:42 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209586502 https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209587194 2017-11-23 02:27:18 UTC https://padlet.com/chan_cheng_lin/9ozvh34miawj/wish/209587194