a. The growth experience of Asian countries during the past generation is quite remarkable. The average growth rate achieved by the Asian continent is higher than the growth rates of any other region in the world.What evidence is there that industrial policies were a major influence on East Asian success? (7.5 marks)

b. Macroeconomic stability has been a high priority for the economic policies of the high-growth Asian economies. Compare macroeconomic policies in the high-growth Asian economies with policies in the rest of the world. (7.5 marks)