Education About Asia: Online Archives

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EAA Digest Exclusive

Asian Prosperity and Entrepreneurs

The dramatic rise in prosperity for many millions of East Asians can, unlike miracles, be explained at its most basic level in two words: incentives and entrepreneurs. Governments in East Asia, beginning with Japan, understood and consistently provided incentives that created opportunities for large numbers of people to feed their families and otherwise prosper. Entrepreneurs—individuals with the talent, prescience, and audacity to take financial risks that resulted in successful national and ...