The Role of Government Policy in South East Asia in the Role of Globalisation

The role of Southeast Asian government's policy in the role of globalization Globalization can not be defined as a single process. This is a complex process involving global trade routes and growth in the global market. Globalization is related to the growth of regional relations among people. This is the idea that international borders are getting penetrated and the gap between people and business is not so noticeable.

The first important role of free trade is that it is an important stimulus for economic growth. The success of economic growth in East Asia and Southeast Asian countries has demonstrated the role of free trade (Todaro & Stephen, 2009). For example, Taiwan, which has an important export strategy, has an average economic growth rate of about 8% over 40 years, nearly 10% per year between 1965 and 1980. It also successfully attained its goals in education, health care and poverty alleviation (Smith, 2003).

Professor Robert Wade studied industrialization in Korea, Japan and Taiwan in the second half of the 20th century. At the end of his book "Management of the Market: Economic Theory in the Industrialization of East Asia and the Role of the Government", he has developed six parts for a country that is anxious to utilize East Asian economic development best practices We provide a framework consisting of. 1) Promote industrial investment within the border and use national policy to introduce more such investment into industries whose growth is important to the future of the national economy - the Nigerian federal government has identified How industry investment contributes to overall growth Productivity and employment

Neo-liberal theory is trying to explain the role of governments and markets in the economic success of East Asian countries (He, 2008). According to neoliberalists, East Asian governments observe economic success and the limited ability to realize an economy not affected by functional markets. The government promotes exports, carries out market-oriented policies, and emphasizes the needs of private companies in the market. Government investment in public infrastructure and social infrastructure has brought about a competitive business environment that enhances competitiveness in terms of quality and price of export goods and enhances competitiveness in international markets (Chang, 2006). Therefore, the market has played an important role in the development and success of East Asian economies.