The characteristics that have underlaid the economic success of the "high-performing Asian Economies" have included all of the following except:

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The other three characteristics (high rates of domestic investment, large endowments of human capital, and high levels of labor productivity) have been key factors in the economic success of the high-performing Asian economies, such as Japan, South Korea, and Singapore. However, diseconomies of scale occurring at low output levels do not contribute to economic success but rather hinder it by driving up production costs.

The Characteristics That Have Underlaid the Economic Success of the "High-Performing