DOI: 10.5176/2251-2853_2.1.55
Authors: Jose Aims R. Rocina
Abstract:
This paper intends to expound on the reasons behind India’s adoption of the Look East Policy which it had intended to utilize in jump starting its laggard economy and be at par with the tigers of the East, namely Japan, China, South Korea, Taiwan and Hong kong, to name a few. This policy calls for the establishment of better cultural, trade and political links with these industrialized countries and in the process attain increased productivity and development.
Indeed, the adoption of such policy has catapulted the economies of such rising countries as India, Singapore and Malaysia to greater and unprecedented heights. However, the author believes that the adoption of such policy is not enough if not coupled with the right economic ambience, reforms and political transformation and reconstruction. If states fail to match foreign policies with national discipline and integrity, such an effort would be put to naught.
In the case of India, it has reinforced such policy by measures such as privatization, eradication of corruption and streamlining of the bureaucracy. Without such domestic adjustments complementing such external policy, the probability is great that such policy would ultimately fail. Thus, if the Philippines for example, would adopt a policy of such magnitude and character as the one adopted by India to attain NIC status, it must accompany a similar endeavor with internal changes in order to succeed.
Keywords: policy, reforms, economy, measures
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