The Successful Story and China & Vietnam as Awakening Economic Giants

all four of these dragons, and in break outicular Taiwan and South Korea, benefited from generous U.S. economic and army aid from 1956 to 1985. Both be besotted Western consort and have received massive influxes of aid as part of the U.S. contrasted policy of containing communism (Bradshaw and Wallace, 97).

Additionally, all four countries discombobulate colonial influence in the twentieth century and the colonial era was effective over at the end of manhood War II. All four countries have governments that ar deeply involved in economic development and which have undertaken strong industrial and trade policies, encouraged domestic savings, fostered agricultural intersection improvements through land reform, limited market entry of foreign products that might compete with domestic goods, maintained low wages, and exercised what Bradshaw and Wallace (98) call back "heavy-handed tactics to keep order at home."

All of these countries are dramatically influenced by the Confucian heritage that has cause their cultures. Confucianism has promoted three factors that shape development in a typically Asian manner: 1) Confucianism instills respect for elders and authority figures and helps to maintain the hierarchic business organizations that are found in these countries; 2) Confucianism emphasizes the group or the collective over the individual and bolsters loyalty to the firm and the tribe; and 3) Confucianism leads to self-discipline and fosters an orderliness in society that nurtures e

conomic development (Bradshaw and Wallace, 99).

Modernization theorists point to Asia as staple confirmation of the argument that great(p)ist economies prevail, technological innovation and raising are drivers of economic development, and Western foreign and/or capital investment contribute to economic growth (Bradshaw and Wallace, 115). While modernization theory does non explain all development in the region, it does demonstrate that economic dynamism produces greater democracy. However, Asian countries are not dominated by Western religions, values, and cultures. Diverse governmental systems and structures have fostered similar economic policies and the four dragons have not sat idly by and adopted the role of a victim in the global economy.

Further, the dragons have a spunky level of ethnic homogeneity which reduces violent ethnic conflicts and promotes solidarity internal and outside the workplace. The Asian companies themselves in these countries promote loyalty, productivity, and teamwork. Labor unions are rare, pay differentials within an organizational hierarchy are relatively small, and companies enjoy high levels of worker morale. Bradshaw and Wallace (100) state that these reasons, which represent a combination of ex
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