East Asian Development Model

The East Asian Development Model is an economic strategy used by countries like Japan, South Korea, Taiwan, and Singapore. It focuses on rapid industrialization driven by strong government support, strategic investment in technology, and export-oriented growth. Governments often protect and nurture key industries, provide infrastructure, and maintain stable policies to encourage entrepreneurship and innovation. This approach has helped these countries shift from developing to highly developed economies quickly, emphasizing education, manufacturing, and global trade to boost economic growth and improve living standards.