The Four Little Dragons: The Spread of Industrialization in East Asia

Japan and the four little dragons—Taiwan, South Korea, Hong Kong, and Singapore—constitute less than 1 percent of the world’s land mass and less than 4 percent of the world’s population. Yet in the last four decades they have become, with Europe and North America, one of the three great pillars of the modern industrial world order. How did they achieve such a rapid industrial transformation? Why did the four little dragons, dots on the East Asian periphery, gain such Promethean energy at th...