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But she goes further to illustrate the limitations of the idea of the developmental state that has originated in the study of newly industrialized countries in East Asia and then applied to China. In addition, based on 1996 global steel casting shipments, Monroe said that newly industrialized countries have too little capacity to produce the steel castings that they need [ILLUSTRATION FOR FIGURE 1 OMITTED]. Member countries include highly industrialized nations such as Japan and Australia; dynamic, newly industrialized countries such as the Republic of Korea, Singapore and Hong Kong, and seven new Republics of Central Asia, which are undergoing rapid economic transition. |
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