The economic model of various countries

[Karl Marx's Camel]

Why do you think nations like Japan, Hong Kong, Singapore, and South Korea have attained such a large growth? Have become so powerful, modern nations (we'll, I guess Hong Kong isn't really a nation per se, but you get the picture)?

What seperate their model from other capitalist nations?

What are the drawbacks from such a model? (I would like to see both the capitalist and the marxist point of view)

[truthaddict11]

i think it is more of a cultural influence on the economy, they have a stronger work ethic and teamwork compared to other cultures and thier economies. If you look at the exports of these contries ( mainly electronics, cars and cheap goods) and their weak dollar amounts they have a much better ability to compete in the world economy, countries are more willing to trade thus adding to the GDP.

[Karl Marx's Camel]

Anyone else?

[enigma2517]

Almost 50% of the land in Hong Kong is regulated by the state.

Moreover, they act as a middle man between China the US. A lot of Chinese exports go through them and they pick up a dollar or two there.

The political climate is very favorable too. Most of these countries have a fairly liberal economic policy which attracts a lot of investment capital.

The prosperity shouldn't overshadow the danger though. The capital can easily take flight at any moment, which it almost did in some occassions. The Asian "tiger markets" are very susceptable to currency traders and flight capital situations where one negative event can trigger a huge collapse.

Chomsky wrote some good stuff on this i believe, look him up.

[Freedom Works]

Almost 50% of the land in Hong Kong is regulated by the state.
And most of the land in the united States is regulated by the state.

[Zapata]

i think the biggest thing is the fact that these countries have not been already developed. europe and north america were developed a long time ago, and asia is only just now catching up. they have a lot of cheap labor in some places, but also they are growing in development. europe and north america have already done that

[Freedom Works]

Growth does not inherently slow.