The role of the state is key to the success of NIEs in an increasingly globalised world.?

Question

The role of the state is key to the success of NIEs in an increasingly globalised world. To what extent do you agree with this statement. support with example(s)

Answer 1

I do agree, since too much state interference can hamper or
destroy the growth of the economy. If the state works together
with the private sector, the NIEs can thrive and prosper, and it
will work well for both the private sector and public sector. Look
at China and India as examples of economies that are going forward, because the state is taking a less active role in the economy than in the past. They are being less meddlesome than before, and the results are the proof in the pudding.