Initial Trade Policy Focus of the High Performing Asian Economies: A Critical Assessment

It is generally agreed that national trade policies of Singapore, South Korea, Taiwan and Hong Kong played an important role behind the success of the High Performing Asian Economies (HPAEs). These countries exercised different policies with different implementation strategies at the initial stages of their economic success but resulted almost the same success. Thus, on the one hand, they followed some different ways following their specific needs and, on the other hand, maintained the same underlying principles for their national trade policies. They were although pragmatic in their economic policy focus, they did not adopt any common model or blueprint policy rather their strategies were followed by their specific strength, weakness and goals.