Which of the following have been important factors in the rapid economic development of the East Asian NICs since the 1950s?

Question

Quizplus · Accepted Answer

All of these factors have played significant roles in the rapid economic development of the East Asian Newly Industrialized Countries (NICs) since the 1950s. American geopolitical interests in the region, particularly during the Cold War, led to economic and military support. The legacy of Japanese colonialism, despite its many negative aspects, contributed to the development of infrastructure and an initial industrial base in some territories. Land reforms in countries like South Korea and Taiwan redistributed land, breaking up large estates and thereby promoting agricultural productivity and economic development.

Which of the Following Have Been Important Factors in the Rapid