There are various approaches to explaining rapid economic development in the Asian Pacific Rim
(APR). Make your own assessments of the development process in the APR as a region and suggest an
appropriate economic model for the region. Your model should highlight the factors which you believe
best explain rapid economic development in the Asian Pacific Rim. You are to use facts and statistics
gathered through independent research to strengthen and support your arguments.
1. Briefly describe the developing country to which the APR model/strategy is to be
transferred. You may include economic performance, geographical location, literacy rate,
GDP, GDP per capita, GDP growth rate, nature of goods produced, major exports/
imports, type of government, culture, history, etc.
2. Evaluate the ease/difficulty of the transfer process, indicating and explaining fully which
portions of the APR model are readily transferable and which parts are more difficult, if
not impossible to transfer.
3. How can the missing elements in your target developing country be addressed? Suggest
modifications in the original model and compensatory actions that can be taken to address
the missing elements.
4. What limitations do you foresee in the transfer process?
