The high-growth Asian economies have been more open to imports than most developing countries.

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The high-growth Asian economies, such as South Korea, Taiwan, and Singapore, have generally pursued a policy of greater openness to international trade and investment. This has been a key factor in their economic success, as it has allowed them to access larger markets, attract foreign investment and technology, and benefit from greater competition and specialization. In contrast, many other developing countries have maintained high tariffs and other barriers to trade, which has limited their integration into the global economy and impeded their growth.

The High-Growth Asian Economies Have Been More Open to Imports