How Did Active Government Industrialization Strategy and Industrial Policies, Including

question 5

Essay

How did active government industrialization strategy and industrial policies, including the collaboration between private and public sectors contribute to the East Asian development success?

Identify and explain the free-rider problem and its impact on the provision of public goods.

Understand the concept and impacts of rent seeking, logrolling, and special-interest effects in government decision-making.

Comprehend the principles of excludability and rivalry in the context of goods consumption.

Analyze the role and effects of majority voting and the paradox of voting in political decisions.

---

Definitions:

Asynchronous Interaction

Communication where responses do not occur in real-time, allowing participants to engage according to their own schedule.

Utilitarian Consumption

involves buying and using products based on their practical functionality and utility, rather than for pleasure or aesthetic reasons.

B2B Commerce

Business-to-business commerce involving transactions between companies rather than between a company and individual consumers.

M2M

Machine-to-Machine communication, referring to direct communication between devices using any communications channel, including wired and wireless.