East Asian Politics

949 Words4 Pages
The performance of East Asian nations, particularly Japan, South Korea, Taiwan and most recently, mainland China, is largely attributable to the East Asian Model, which accounts for the following notable observations: sustained economic growth at high levels for long periods, social, political and economic diversity, and economic activities that are industrialized, export-oriented and socially beneficial in nature. The East Asian Model is characterized by the following elements: investment and trade-driven growth, active governmental involvement, strong regional cooperation and economic development driven towards poverty reduction. Strong economic interaction among East Asian nations via trade and investment activities stands out as a remarkable feature of the East Asian Model. East Asian nations accommodate a variety of social, political and economic elements that enable them from pressuring one another in creating and fostering improvements in trade and investment. Given the foregoing respect, economic integration stands as a favorable result of the East Asian Model that benefits Southeast Asian nations as well, with the help of regional cooperation via the Association of Southeast Asian Nations (ASEAN). Such results to the promotion of social, political and economic improvements that are not just limited at the policy level, but also in material terms as well. Japan, for instance, has rendered a series of overseas development assistance (ODA) projects to improve
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