ed greatly by their openness to foreign technology. They received technology transfers in the form of licences, capital goods imports and foreign training. Direct foreign investment (DFI) has enabled technology acquisition to be speeded up in most of the HPAEs. Another development policy Pacific Government's used, was to promote certain industries such as Japan did with heavy industry in the 1950s.The promotion of manufactured exports is another reason for the rapid growth (export push). In many other economies, foreign exchange is preserved by stricter import controls, the HPAEs increased exports to earn additional foreign exchange. Export targets were used very often to push export levels to their maximum. The promotion of export markets often coexisted with the protection of domestic ones. This essay has shown that the HPAEs have used a wide range of policies to achieve the rapid growth that they underwent. Due to the vast amount of policies the HPAEs used, it is hard to pull a simple explanation from which to learn. One could be to concentrate on the basics, the building blocks of a growing economy because as has been shown, everything else stems naturally from them. The huge success of these Pacific Asian countries is quite an achievement and has already spawned imitations. Another could be that an integrated approach helped when no-one straight policy would work. It will be interesting to see how these HPAEs fair in the future, markets are becoming more competitive and some policies such as export pushing which were used previously, may not be as effective today....
