... , and Korea developed rapidly under positive international circumstances, at least until the late 1980s. The international movement towards freer trade permitted these countries to effectively seek an export-oriented growth strategy. For example, the developed countries moved toward the opening of their domestic markets, yet these four countries, as developing countries, were allowed to keep their domestic markets effectively closed until ... approach on the part of the U.S, which provided the largest market for Asia's exports, assisted the export-oriented industrialization strategy focu...

• Word Count: 828
• Approx Pages: 3
• Grade Level: Undergraduate

... oil companies who wanted to charge world prices for their products, had placed a cap on the wellhead price of domestic crude oil. This froze American gasoline prices at the lowest level in the industrial world, discouraged new oil exploration, and encouraged the auto industry to make large, heavy, fuel-inefficient cars. Next, the 1973 war between Israel and the Arab states ... in the American auto industry, and like sharks, they smelled blood and went for the kill. In due course, America had learned from its own mistakes. American companies had a new strategy; they almost immediately do...

• Word Count: 1148
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School